The financials
Occidental Petroleum by the numbers
Occidental Petroleum (OXY) reported revenue of $8.06B in Q2 2026 (quarter ended June 30, 2026), up 53% from the same quarter a year earlier. That came with net income of $3.00B (37% of revenue). For the full year FY2025, revenue was $21.6B (−1.9% year on year) and net income $2.37B. Its largest product in 2026-Q2 was Oil Reserves at $5.42B, 90% of the disclosed total, just ahead of Natural Gas Liquids Reserves at 9.9%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $8.06B | $5.26B | +53% |
| Gross profit | n/a | $4.41B | n/a |
| Net income | $3.00B | $468M | +540% |
| Diluted EPS | $2.75 | $0.26 | +958% |
| Product | Revenue | Share |
|---|---|---|
| Oil Reserves | $5.42B | 90% |
| Natural Gas Liquids Reserves | $592M | 9.9% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $5.73B (+27%)
Oil Reserves grew +57% year on yearNatural Gas Reserves -222% year on year
Segment Latestquarter on quarteryear on year
- Oil Reserves$5.42B$5.42BQoQ +40%year on year +57%+40%+57%
- Natural Gas Liquids Reserves$592.0M$592.0MQoQ +33%year on year +30%+33%+30%
- Product And Service Other−$26.0M−$26.0MQoQ -208%year on year -200%-208%-200%
- Natural Gas Reserves−$250.0M−$250.0MQoQ -252%year on year -222%-252%-222%