Occidental's earnings call highlighted strong operational performance, debt reduction, and advancements in their low carbon ventures, despite challenges from lower oil prices and OxyChem segment oversupply issues. The company demonstrated significant cost savings and efficiency improvements, positioning itself for future growth.

Company Guidance -

Q3 2025

During Occidental's Second Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics. Operating cash flow for the second quarter was reported at $2.6 billion, with total production reaching 1.4 million BOE per day, exceeding the midpoint of production guidance. The company highlighted a significant debt reduction of $7.5 billion, ahead of schedule, following the CrownRock acquisition. Operating cost efficiencies were emphasized, with onshore U.S. operations achieving per barrel costs of $8.55 due to automation and AI integration. Capital guidance was lowered by $100 million this quarter, benefiting from improved drilling times in the Delaware Basin. The company also noted advancements in their STRATOS project, with CO2 capture set to begin this year, and highlighted the signing of new carbon dioxide removal agreements, reinforcing their commitment to carbon management.

Strong Cash Flow and Debt Reduction

Occidental delivered $2.6 billion of operating cash flow in Q2 2025, despite lower oil prices. The company repaid $7.5 billion of debt within a year, equating to almost a 70% reduction of the debt raised for the CrownRock acquisition.

Operational Efficiency and Cost Savings

Occidental achieved $150 million in expected operating cost savings in U.S. onshore operations, reducing per barrel costs to $8.55. International operations implemented efficiencies to reduce OpEx by an estimated $50 million.

Permian Basin and Well Performance

Drilling times in the Delaware Basin improved by 20%, reducing well costs below the 2025 target. Year-to-date Permian unconventional well costs decreased by 13% compared to 2024.

Midstream and Marketing Segment Success

The segment generated positive earnings, outperforming guidance due to improved crude marketing margins and higher sulfur pricing.

Advancements in Low Carbon Ventures

STRATOS achieved a significant milestone with Trains 1 & 2 moving to operations. The company signed additional commercial agreements for carbon dioxide removal cells.

Occidental Petroleum (DE:OPC) Earnings, Revenues Date & History

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DE:OPC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	0.43 / -	0.854	―	―	―
Aug 06, 2025	2025 (Q2)	0.25 / 0.33	0.879	-62.14% (-0.55)
May 07, 2025	2025 (Q1)	0.67 / 0.74	0.538	38.10% (+0.20)
Feb 18, 2025	2024 (Q4)	0.58 / 0.68	0.632	8.11% (+0.05)
Nov 12, 2024	2024 (Q3)	0.63 / 0.85	1.007	-15.25% (-0.15)
Aug 07, 2024	2024 (Q2)	0.66 / 0.88	0.581	51.47% (+0.30)
May 07, 2024	2024 (Q1)	0.49 / 0.54	0.931	-42.20% (-0.39)
Feb 14, 2024	2023 (Q4)	0.57 / 0.63	1.375	-54.04% (-0.74)
Nov 07, 2023	2023 (Q3)	0.75 / 1.01	2.083	-51.64% (-1.08)
Aug 02, 2023	2023 (Q2)	0.62 / 0.58	2.698	-78.48% (-2.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:OPC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	€37.52	€37.75	+0.63%
May 07, 2025	€34.31	€36.32	+5.85%
Feb 18, 2025	€46.16	€48.94	+6.01%
Nov 12, 2024	€47.15	€46.16	-2.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.