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Companies / Energy / Occidental Petroleum
OXY

Occidental Petroleum

EnergyOil & Gas ExtractionS&P 500
Ticker OXYHOUSTON, TXFiscal year ends DecemberBook value per share $41.34Diluted shares 1.0B

Occidental Petroleum Corporation (NYSE: OXY) is an international energy company engaged in oil and gas exploration, production, and midstream operations, with a strategic focus on low-carbon energy solutions. The company maintains a diversified portfolio of premier assets primarily located in the United States, the… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$22.07BFY2025
−17.9% year over year
Last 12 mo $22.21B
13.83%FY2025
+1.9 percentage points
Last 12 mo 23.32%
$2.37BFY2025
−23.0% year over year
Last 12 mo $7.31B
6.57%FY2025
−5 percentage points
Last 12 mo 17.38%
Cash & financing
$10.53BFY2025
−7.9% year over year
Last 12 mo $10.98B
$4.11BFY2025
−7.1% year over year
Last 12 mo $5.31B
0.62FY2025
Was 0.76× a year earlier
Last 12 mo 0.33
1.0BFY2025
+3.4% year over year
Last 12 mo 1.0B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Occidental Petroleum does

In the company’s own words

Occidental Petroleum Corporation (NYSE: OXY) is an international energy company engaged in oil and gas exploration, production, and midstream operations, with a strategic focus on low-carbon energy solutions. The company maintains a diversified portfolio of premier assets primarily located in the United States, the Middle East, and North Africa, positioning it among the largest oil and gas producers in the U.S. with leading positions in the Permian and Denver-Julesburg basins as well as offshore operations in the Gulf of America. Internationally, Occidental operates as the largest independent oil producer in Oman with significant assets in Algeria, Qatar, and the United Arab Emirates.

The company operates through two primary reportable segments: oil and gas operations and midstream and marketing operations. The oil and gas segment focuses on conventional and unconventional field development using primary, secondary, and tertiary recovery methods, with particular expertise in carbon dioxide separation, transportation, utilization, and storage for enhanced oil recovery. The midstream and marketing segment provides gathering, processing, transportation, and storage services while optimizing market access for the company's products and third-party participants. This segment also houses Oxy Low Carbon Ventures, which advances decarbonization technologies including direct air capture and carbon sequestration initiatives.

As of December 31, 2025, Occidental employed approximately 10,412 people across continuing operations, with workforce distribution spanning North America, the Middle East, Latin America, and other regions. The company's proved reserves totaled 4,603 million barrels of oil equivalent, comprising 2,162 million barrels of oil, 1,150 million barrels of natural gas liquids, and 7,745 billion cubic feet of natural gas.

In January 2026, Occidental completed the sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion, substantially refocusing the company on its core energy and low-carbon businesses. The company maintains its website at www.oxy.com, where investors can access financial reports and material information regarding operations and strategic initiatives.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
797468
SIC
1311

Financial performance, year by year

Fiscal 2013–2025 · USD
$-20.02B$-4.45B$11.13B$26.71B$42.29B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Occidental Petroleum — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

692
funds hold it
2 of 35
superinvestors hold it
$14.41B
held by funds, at market
28.1%
of shares held by funds
27
bond issues held by funds

Superinvestors in Occidental Petroleum · what they did last quarter

Warren BuffettUNCHANGED
Berkshire Hathaway
4.3%of 13F portfolio
Bill SmeadDECREASED -6.6%
Smead Capital Management
3.0%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Occidental Petroleum’s weight in each

Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
2.02%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.35%of fund net assets
2.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Occidental Petroleum’s bonds, as funds hold them

Funds report holding 27 issues of Occidental Petroleum’s debt, $3.79B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.63%, maturing 2026 to 2096.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Occidental Petroleum and its peers compare on margins and cash generation over ten years?”
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