Occidental Petroleum (OXY) 10-K Summary — Year Ended Dec 31, 2024
Occidental Petroleum Corporation filed its annual report for the most recent fiscal year. The filing covers the company's business, financial results, risk factors, and liquidity position.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Occidental Petroleum Corporation filed its annual report for the most recent fiscal year. The filing covers the company's business, financial results, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$22.7B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$3.1B
Net income reported for the year.
Operating cash flow
$11.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $26B | n/a |
| Dec 31, 2022 | $36.2B | +39.6% |
| Dec 31, 2023 | $23.2B | -35.9% |
| Dec 31, 2024 | $22.7B | -2.2% |
Business overview
Occidental Petroleum Corporation is an energy company engaged in oil and gas exploration and production. The filing also references global investments and environmental expenditures as part of its operations. The company's business is described in the management discussion and analysis section.
Financial performance
Revenue for the reported period decreased compared to the prior year. Net income and operating cash flow were reported, but operating income was not provided. The trend shows revenue declined from a higher level two years ago.
Material risks
The filing identifies risk factors in Item 1A, which are referenced but not detailed in the supplied context. The company also notes lawsuits, claims, commitments, and contingencies as potential material risks. Environmental expenditures are mentioned as a separate risk consideration.
Liquidity and capital
The liquidity and capital resources section discusses the company's financial condition and capital allocation. The filing references global investments and environmental expenditures as part of capital themes.
What to watch
Monitor the outcome of lawsuits, claims, commitments, and contingencies disclosed in the filing.