Occidental Petroleum Previews Q4 2025 Results, Details OxyChem Divestiture Impact
OXY sits 23% above its 52-week low of $34.785.
Summary
Occidental Petroleum provided key financial considerations for its fourth quarter 2025 results, including average realized commodity prices and the reclassification of OxyChem as discontinued operations following its sale.
Key Events · Earnings and Guidance · OXY
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OxyChem Reclassified as Discontinued Operations
Following the sale of Occidental Chemical Corporation (OxyChem) on January 2, 2026, its results of operations and cash flows will be reported as discontinued operations for all periods presented, starting with the Q4 2025 Annual Report on Form 10-K.
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Q4 2025 Average Realized Commodity Prices Provided
The company disclosed average realized prices for Q4 2025: worldwide oil at $58.99/Bbl, worldwide NGL at $16.66/Bbl, and worldwide natural gas at $1.29/Mcf. These figures are compared to average index prices, with natural gas significantly below NYMEX.
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Adjusted Effective Tax Rate Guidance
Occidental expects its Q4 2025 adjusted effective tax rate to be 35% to 37% for continuing operations and 24% to 26% for discontinued operations.
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Average Diluted Shares Outstanding Updated
Average diluted shares outstanding for the fourth quarter of 2025 were reported as 1,002.9 million shares.
Analysis · OXY · Energy & Transportation
Occidental Petroleum's 8-K filing provides crucial preliminary financial insights for Q4 2025, enabling investors to adjust their models ahead of the full earnings report. The reclassification of OxyChem as discontinued operations following its sale fundamentally alters the company's financial reporting structure, impacting how future results will be analyzed. Additionally, the detailed disclosure of average realized commodity prices for oil, NGL, and natural gas offers a direct look into key revenue drivers for the quarter. The reported natural gas prices, significantly below NYMEX, could be a point of concern for investors, while oil prices are also detailed. This combination of a major structural accounting change and early operational performance data makes the filing highly relevant for investment decisions.
At the time of this filing, OXY was trading at $42.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $42.1B. The 52-week trading range was $34.79 to $52.78. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.