Occidental Q4 EPS Jump 63% to $0.31 as Revenues Drop 7.8% to $5.42B
Occidental exceeded Q4 EPS forecasts with 31 cents per share, topping estimates by 63.2%, while revenues of $5.42 billion missed by 7.8% and fell 5.2% year-over-year. Production rose to 1.481 Mboe/d, surpassing guidance, and debt declined by $5.8 billion after completing the OxyChem sale.
1. Q4 Financial Results
Occidental reported fourth-quarter adjusted EPS of $0.31, beating the 19-cent estimate by 63.2%, while GAAP loss narrowed to 7 cents from a 30-cent loss a year earlier. Total revenues were $5.42 billion, missing estimates by 7.8% and falling 5.2% year-over-year as Oil & Gas segment contributions declined.
2. Production and Operations
Total production rose to 1.481 Mboe/d, exceeding the company’s guided range of 1.440–1.480 Mboe/d, driven by a 5.1% increase in Gulf of America output. Midstream & Marketing revenues jumped 196.7% to $451 million, reflecting optimized gas transportation and higher sulfur pricing.
3. Balance Sheet Strength and Guidance
Completion of the OxyChem sale on Jan. 2 reduced debt by $5.8 billion since mid-December, lowering principal debt to $15 billion and cutting interest expense by 26.6%. For Q1 2026, production is projected at 1.385–1.425 Mboe/d, and full-year capital expenditure is set at $5.5–$5.9 billion.