Core Viewpoint - Occidental Petroleum (OXY.US) reported better-than-expected second-quarter earnings, leading to a stock price increase of over 3% [1] Financial Performance - The company achieved revenue of $6.46 billion, surpassing analyst expectations of $6.24 billion [1] - Adjusted earnings per share were $0.39, significantly higher than the average analyst forecast of $0.29 [1] Future Outlook - Occidental Petroleum has lowered its capital expenditure forecast by $100 million for the year [1] - The company plans to reduce international operating costs by $50 million [1]

Core Insights - Occidental Petroleum Corporation (OXY) reported second-quarter 2025 earnings of 39 cents per share, exceeding the Zacks Consensus Estimate of 28 cents by 39.3%, but down 62.1% year over year [1][8] - Total revenues for OXY were $6.45 billion, missing the Zacks Consensus Estimate of $6.47 billion by 0.3% and reflecting a 6.2% decline year over year [2][8] Financial Performance - GAAP earnings were 26 cents per share compared to $1.03 in the same quarter last year, with a 13-cent impact from after-tax non-core adjustments [1] - Interest and debt expenses increased by 9.5% to $276 million from $252 million in the year-ago quarter [9] - Operating cash flow generated was $2.96 billion in Q2 2025, up from $2.39 billion in Q2 2024 [11] Revenue Breakdown - Oil and Gas revenues totaled $5 billion, down 8.4% year over year [3] - Chemical revenues amounted to $1.2 billion, down 3.7% year over year [3] - Midstream & Marketing revenues improved significantly to $426 million, up 51.1% year over year [3][8] Production and Sales - Total production volume was 1,400 thousand barrels of oil equivalent per day (Mboe/d), within the company's guidance of 1,377-1,417 Mboe/d [4] - Total sales volume increased by 10.9% year over year to 1,397 Mboe/d [4] Price Realization - Realized prices for crude oil decreased by 20.2% year over year to $63.76 per barrel [5] - Realized natural gas liquids prices fell by 2.4% year over year to $20.71 per barrel [5] - Natural gas prices surged by 146.3% year over year to $1.33 per thousand cubic feet [5] Operational Efficiency - The company reduced the mid-point of 2025 capital guidance by $100 million and international operating costs by $50 million due to operational efficiency [6] - In the first half of 2025, OXY reduced Delaware Basin drilling duration per well by 20% from 2024 levels, leading to a 14% reduction in per-well costs [6] Future Guidance - For Q3 2025, OXY expects production of 1,415-1,455 Mboe/d, with Permian Resources segment output anticipated at 779-799 Mboe/d [12] - Capital expenditure for 2025 is projected to be between $7.1 billion and $7.3 billion [13]

Core Viewpoint - Western Oil (OXY.US) reported second-quarter earnings that exceeded Wall Street expectations, with production growth effectively offsetting the impact of declining oil prices [1][3]. Financial Performance - The company achieved quarterly revenue of $6.46 billion, surpassing analyst expectations of $6.24 billion, with adjusted earnings per share of $0.39, significantly higher than the average forecast of $0.29 [1]. - Global average daily production reached 1.4 million barrels of oil equivalent, representing an approximate 11% year-over-year increase [1]. - Natural gas prices doubled year-over-year to $1.33 per thousand cubic feet, providing support for the company's profitability, while average realized oil prices fell about 20% to $63.76 per barrel [3]. Asset Management - Since the beginning of the second quarter, Western Oil has completed $950 million in new asset divestiture transactions, with $370 million already closed [3]. - As part of its asset divestiture plan, the company agreed to sell a portion of its natural gas gathering assets in the Midland Basin to a subsidiary of Enterprise Products Partners (EPD.US) for $580 million [3]. Strategic Outlook - The company is actively pursuing a dual-track development strategy that focuses on both traditional energy and low-carbon business initiatives [5]. - Western Oil has lowered its median capital expenditure forecast by $100 million and reduced international operating costs by $50 million for the year [5].

Group 1 - The core viewpoint of the article highlights that Occidental Petroleum (OXY.US) reported second-quarter earnings that exceeded Wall Street expectations, driven by production growth offsetting the impact of declining oil prices [1][3] - The company achieved quarterly revenue of $6.46 billion, surpassing analyst expectations of $6.24 billion, with adjusted earnings per share of $0.39, significantly higher than the average forecast of $0.29 [1] - Occidental's global average daily production reached 1.4 million barrels of oil equivalent, representing an approximate 11% year-over-year increase [1] Group 2 - Occidental Petroleum has completed $950 million in new asset divestiture transactions since the beginning of the second quarter, with $370 million already closed [3] - The company sold a portion of its natural gas gathering assets in the Midland Basin to Enterprise Products Partners (EPD.US) for $580 million as part of its divestiture plan [3] - The company has repaid $3 billion in debt this year, and its stock price rose over 2% in after-hours trading following the positive earnings report [3] Group 3 - Natural gas prices have significantly supported the company's profitability, doubling year-over-year to $1.33 per thousand cubic feet, while average realized oil prices fell approximately 20% to $63.76 per barrel [3] - The average Brent crude futures price dropped about 20% year-over-year to around $70 per barrel, influenced by global uncertainties exacerbated by U.S. tariff policies [3] - Occidental Petroleum is a leading player in the U.S. shale oil sector, with significant operations in the Permian Basin, DJ Basin, and Gulf of Mexico, while also advancing its carbon management strategy [5] Group 4 - The company has adjusted its capital expenditure forecast down by $100 million and reduced international operating costs by $50 million for the year [5] - The management emphasized the operational strength of its diversified asset portfolio and the dual-track development strategy of traditional energy and low-carbon business [5]

Core Viewpoint - Occidental Petroleum reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, but down from $1.03 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +39.29%, following a previous surprise of +19.18% when actual earnings were $0.87 per share against an expectation of $0.73 [2] - Revenues for the quarter were $6.46 billion, slightly missing the Zacks Consensus Estimate by 0.34%, and down from $6.88 billion year-over-year [3] Stock Performance and Outlook - Occidental shares have declined approximately 12.8% year-to-date, contrasting with the S&P 500's gain of 7.1% [4] - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $6.66 billion, and for the current fiscal year, it is $2.29 on revenues of $26.68 billion [8] Industry Context - The Oil and Gas - Integrated - United States industry is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges for stock performance [9] - Epsilon Energy Ltd., another company in the same industry, is expected to report earnings of $0.08 per share, reflecting a year-over-year change of +100%, with revenues projected at $11.85 million, up 62.1% from the previous year [10][11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-9210 _____________________ OCCIDENTAL PETROLEUM CORPORATION (Exact name of registrant as specified in its charter) Del ...

Core Viewpoint - Occidental has signed four agreements to divest select Permian Basin assets, generating approximately $950 million for debt reduction, contributing to a total of about $4 billion in divestitures since December 2023 [1][5] Group 1: Financial Performance - The company has repaid approximately $7.5 billion in debt since July 2024, including proceeds from non-core Delaware Basin transactions [1][5] - An additional $580 million is expected to be applied to debt reduction upon closing of the Midland Basin gas gathering divestiture [1][5] Group 2: Strategic Initiatives - President and CEO Vicki Hollub expressed satisfaction with the strategic strengthening of the portfolio, emphasizing the creation of long-term value for shareholders [2] - Occidental aims to high-grade its portfolio and believes it possesses the best assets in its history [2] Group 3: Company Overview - Occidental is an international energy company with significant assets in the U.S., Middle East, and North Africa, being one of the largest oil and gas producers in the U.S. [2] - The company operates in various segments, including midstream and marketing, and is advancing technologies through its Oxy Low Carbon Ventures subsidiary [2]

Core Viewpoint - Occidental announced its second quarter 2025 financial results, with details available on its Investor Relations website and the SEC's website [1] Group 1: Financial Results - The company will hold a conference call on August 7, 2025, to discuss the financial results, accessible via phone or webcast [2] Group 2: Company Overview - Occidental is an international energy company with significant assets in the U.S., Middle East, and North Africa, being one of the largest oil and gas producers in the U.S. [3] - The company operates in the Permian and DJ basins and offshore Gulf of America, with a midstream and marketing segment that enhances the value of its oil and gas [3] - Occidental's Oxy Low Carbon Ventures subsidiary focuses on advancing technologies that promote business growth while reducing emissions [3] - The chemical subsidiary, OxyChem, manufactures essential products, and the company is committed to carbon management for a lower-carbon future [3]

Core Viewpoint - Occidental Petroleum Corporation (OXY) is anticipated to report a decline in both revenue and earnings for the second quarter of 2025, with revenues expected at $6.48 billion, reflecting a 5.83% decrease year-over-year, and earnings per share (EPS) projected at 28 cents, indicating a 72.82% decline from the previous year [1][2][7]. Earnings Estimates - The Zacks Consensus Estimate for OXY's second-quarter earnings is 28 cents per share, down 72.82% from the year-ago figure of 1.03 [2][3]. - The current quarter's estimates show a significant drop, with the average surprise in the last four quarters being 24.34% [4][5]. - OXY's Earnings ESP is -3.84%, and it currently holds a Zacks Rank of 3 (Hold) [6]. Production and Financial Performance - OXY is projected to produce between 760,000 to 780,000 barrels of oil equivalent per day from its Permian Resources assets, contributing to total production of 1,377,000 to 1,417,000 Mboe/d for the second quarter [11][12]. - The company has successfully reduced its debt by $6.8 billion, which is expected to lower annual interest expenses by $370 million, positively impacting earnings [14][7]. - Despite the anticipated decline in earnings, cash flow generation and debt reduction initiatives are expected to support overall performance [20]. Market Position and Stock Performance - OXY shares have increased by 11.9% over the past three months, outperforming the industry average increase of 6% [15]. - The company's current trailing 12-month EV/EBITDA ratio stands at 5.15, which is higher than the industry average of 4.45, indicating that OXY shares are trading at a premium [17]. Strategic Focus - Occidental Petroleum's strategic focus on its domestic operations and Permian resources continues to yield strong results, with new asset acquisitions contributing to production volumes [19]. - The company is also working to reduce operating expenses, which is expected to enhance margins and positively affect earnings [13].

Core Viewpoint - Berkshire Hathaway's Q2 2025 results indicate significant challenges, including a 59.24% year-over-year decline in net profit attributable to shareholders, primarily due to a $3.76 billion impairment loss on its investment in Kraft Heinz and a 73.49% drop in investment income [2][6]. Group 1: Financial Performance - In Q2 2025, Berkshire's net profit attributable to shareholders fell to $12.37 billion, down from the previous year [2]. - The company's sustainable consolidated operating profit was $11.16 billion, a slight decrease of 3.78% year-over-year, indicating overall stability in its core operations [3]. - Investment income for Q2 2025 decreased to $4.97 billion, reflecting a significant decline of 73.49% compared to the previous year [6]. Group 2: Business Segments - The insurance underwriting business reported a post-tax profit of $1.99 billion, down 11.98% year-over-year, influenced by unexpected losses from wildfires in Southern California [3]. - Other segments, including railroads, utilities, manufacturing, services, and retail, showed net profit growth, contributing to the overall stability of Berkshire's consolidated operations [3]. Group 3: Investment Insights - Berkshire recognized a $5 billion pre-tax impairment loss on its investment in Kraft Heinz, reflecting a reassessment of the investment's long-term value [8]. - The investment in Occidental Petroleum also showed a significant unrealized loss, with a fair value of $11.13 billion against a book value of $16.46 billion, indicating a potential future impairment [9]. - Despite a substantial cash reserve increase to $174 billion by the end of June 2025, Berkshire continued to reduce its equity investments, indicating a cautious approach to market conditions [11][13]. Group 4: Market Environment and Strategy - The ongoing macroeconomic and geopolitical uncertainties have impacted Berkshire's energy and consumer goods businesses, leading to a more cautious investment strategy [4][16]. - The management's focus on increasing cash reserves while maintaining a stable operating performance suggests a strategic pivot in response to market volatility [16].