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Operating Income by Segment
Provides a breakdown of operating income across different business segments, revealing which areas are most profitable and where the company might focus its strategic efforts.Occidental Petroleum's Oil & Gas segment shows a recovery in operating income, despite lower oil prices, supported by strong production in the Rockies and Oman. The Midstream & Marketing segment outperformed expectations due to improved crude marketing margins. However, the Chemical segment underperformed, aligning with earnings call concerns over weaker pricing. The company's strategic focus on debt reduction and carbon capture initiatives, including the STRATOS project, indicates a shift towards sustainability and financial stability, which could mitigate risks associated with market volatility and production challenges.
Date | Corporate & Eliminations | Oil & Gas | Chemical | Midstream & Marketing |
|---|---|---|---|---|
Jun 30, 2025 | -$458.00M | $934.00M | $213.00M | $49.00M |
Mar 31, 2025 | -$473.00M | $1.70B | $185.00M | -$77.00M |
Dec 31, 2024 | -$1.43B | $1.17B | $270.00M | -$134.00M |
Sep 30, 2024 | -$960.00M | $1.17B | $304.00M | $631.00M |
Jun 30, 2024 | -$881.00M | $1.64B | $296.00M | $116.00M |
Mar 31, 2024 | -$753.00M | $1.24B | $254.00M | -$33.00M |
Dec 31, 2023 | -$806.00M | $1.57B | $250.00M | $182.00M |
Sep 30, 2023 | -$837.00M | $1.97B | $373.00M | -$130.00M |
Jun 30, 2023 | -$605.00M | $1.06B | $436.00M | -$30.00M |
Mar 31, 2023 | -$851.00M | $1.64B | $472.00M | $2.00M |