Occidental Petroleum (OXY): financials, SEC filings and peers

Occidental Petroleum (OXY) is an oil & gas exploration & production company in the Energy sector of the S&P 500, headquartered in Houston, Texas.

It was founded in 1920 and joined the S&P 500 on March 4, 1957.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Crude Petroleum & Natural Gas”.

Occidental Petroleum at a glance

Revenue (12 months): $21.7B
Revenue growth: +7.3%
Operating margin: 29.5%
Net income (12 months): $7.3B
Free cash flow (12 months): $4.8B
Cash: $4.2B
Debt: $12.8B
Diluted EPS (12 months): $6.46

Twelve months to June 30, 2026, from the 10-Q filed August 5, 2026.

Latest twelve months

Over the twelve months to June 30, 2026, Occidental Petroleum reported revenue of $21.7 billion, about the same as a year earlier (+7.3%).

Its operating margin was 29.5%, up 8.0 percentage points from a year earlier: for every $100 of sales, about $29 was left as operating profit.

Net income was $7.3 billion (33.7% of revenue), 200.5% higher than a year earlier.

Operating cash flow was $11.0 billion and capital spending $6.2 billion, leaving free cash flow of $4.8 billion (22.1% of revenue). Capital spending equal to 29% of revenue is high; the company is investing heavily.

At the end of the period it held $4.2 billion in cash and $12.8 billion in debt, a net debt position of $8.7 billion.

Five-year trend

Revenue went from $17.8 billion in fiscal 2020 to $21.6 billion in fiscal 2025, about 3.9% a year.
Free cash flow was positive in each of the last 6 fiscal years.
Occidental Petroleum reported a net loss in 1 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$26.0B	$36.6B	$23.2B	$22.0B	$21.6B
Revenue growth	45.7%	41.1%	-36.8%	-4.9%	-1.9%
Operating margin	—	—	—	—	—
Net income	$2.3B	$13.3B	$4.7B	$3.1B	$2.4B
Free cash flow	$7.6B	$12.3B	$6.6B	$5.2B	$4.1B
Diluted EPS	$1.58	$12.40	$3.90	$2.44	$1.61

Fiscal years as reported in Occidental Petroleum’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed August 5, 2026 — quarterly report
8-K filed August 5, 2026 — Earnings results
8-K filed July 10, 2026 — Earnings results
10-Q filed May 5, 2026 — quarterly report
8-K filed May 5, 2026 — Earnings results
8-K filed May 4, 2026 — Executive or director change; Shareholder vote results
8-K filed April 10, 2026 — Earnings results
8-K filed March 9, 2026 — Material agreement; Other event

All Occidental Petroleum filings on SEC EDGAR

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Questions about Occidental Petroleum

Is Occidental Petroleum's revenue growing?

Yes. Revenue for the twelve months to June 30, 2026 was $21.7 billion, up 7.3% from a year earlier, according to its SEC filings.

Is Occidental Petroleum profitable?

Yes. It earned $7.3 billion in net income over the twelve months to June 30, 2026, a net margin of 33.7%.

Does Occidental Petroleum have more cash or more debt?

At June 30, 2026 it had $4.2 billion in cash and $12.8 billion in debt, so more debt than cash.

When did Occidental Petroleum last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on August 5, 2026.

Which companies are similar to Occidental Petroleum?

In the S&P 500, Occidental Petroleum is grouped in Oil & Gas Exploration & Production within the Energy sector. APA Corporation (APA), ConocoPhillips (COP), Devon Energy (DVN), EOG Resources (EOG), EQT Corporation (EQT) are in the same group.

Understand the numbers

Source: Occidental Petroleum’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.