OXY(US:OXY) 智通财经网·2026-02-19 00:20Core Viewpoint - Occidental Petroleum (OXY.US) reported fourth-quarter profits that exceeded Wall Street expectations, driven by strong midstream performance which offset the impact of declining crude oil prices [1] Group 1: Financial Performance - Adjusted earnings per share for the fourth quarter were $0.31, surpassing the expected $0.18 [1] - Revenue decreased by 5.2% year-over-year to $5.42 billion [1] - The company experienced a drop in oil prices from $69.73 per barrel in the same quarter last year to $59.22 per barrel [1] - The pre-tax income from oil and gas operations totaled $700 million in Q4 2025, down from $1.3 billion in Q3 2025 [1] Group 2: Midstream Business - The midstream segment reported pre-tax profits of $204 million, up from $81 million in the previous quarter and a loss of $123 million in the same quarter last year [2] - Increased natural gas margins due to optimized transportation capacity in the Permian Basin and reduced long-haul crude transportation costs contributed to the growth [2] Group 3: Capital Expenditure and Debt Management - The company expects capital expenditures for 2026 to be between $5.5 billion and $5.9 billion, with average production projected between 1.42 million and 1.48 million barrels of oil equivalent per day [2] - As of mid-December, the company has reduced its debt by $5.8 billion, bringing total debt principal down to $15 billion, with a target of approximately $14.3 billion by 2026 [2] Group 4: Dividend Increase - The quarterly dividend was increased by over 8% to $0.26 per share, payable on April 15, 2026, to shareholders on record as of March 10, 2026; the dividend has doubled over the past four years [3]