Occidental Cuts Debt and Lifts Dividend After OxyChem Sale

Occidental Petroleum posted a net loss of $68 million, or $0.07 per diluted share, for the fourth quarter of 2025, compared with adjusted earnings of $315 million, or $0.31 per share. The gap between GAAP and adjusted results was primarily due to charges tied to the divestment of its chemical unit, OxyChem, which officially closed on January 2, 2026. The headline loss did little to obscure what management characterized as a quarter of operational outperformance and balance sheet repair. Proceeds from th ...