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Revenue by Segment
Breaks down revenue across different business segments, providing insight into which areas drive growth and profitability for the company.Occidental Petroleum's Oil and Gas segment shows resilience with stable revenues, despite lower oil prices impacting the first half of 2025. The Midstream and Marketing segment exceeded expectations, driven by improved crude marketing margins. However, the Chemical segment faces challenges from oversupply, affecting margins. The earnings call highlighted significant debt reduction and operational efficiencies, positioning the company for future growth. Advancements in low carbon ventures, such as the STRATOS project, underscore Occidental's strategic shift towards sustainability, potentially mitigating risks associated with fluctuating oil prices.
Date | Eliminations | Oil and Gas | Chemical | Midstream and Marketing |
|---|---|---|---|---|
Jun 30, 2025 | -$248.00M | $5.01B | $1.23B | $426.00M |
Mar 31, 2025 | -$271.00M | $5.68B | $1.19B | $203.00M |
Dec 31, 2024 | -$222.00M | $5.62B | $1.22B | $141.00M |
Sep 30, 2024 | -$210.00M | $5.70B | $1.25B | $440.00M |
Jun 30, 2024 | -$208.00M | $5.47B | $1.27B | $282.00M |
Mar 31, 2024 | -$225.00M | $4.92B | $1.19B | $99.00M |
Dec 31, 2023 | -$116.00M | $5.42B | $1.23B | $632.00M |
Sep 30, 2023 | -$297.00M | $5.59B | $1.31B | $552.00M |
Jun 30, 2023 | -$230.00M | $4.94B | $1.38B | $616.00M |
Mar 31, 2023 | -$256.00M | $5.33B | $1.41B | $751.00M |