Occidental Petroleum Corporation
Occidental Petroleum Announces Completion of OxyChem Sale and Preliminary Q4 2025 Earnings Considerations
Summary
On January 20, 2026, Occidental Petroleum Corporation announced the completion of the sale of its subsidiary Occidental Chemical Corporation (OxyChem) on January 2, 2026. The company also provided preliminary estimates for its fourth quarter 2025 earnings, highlighting average realized prices for oil, natural gas liquids (NGL), and natural gas, as well as expected effective tax rates for continuing and discontinued operations. Occidental expects the OxyChem results to be reported as discontinued operations starting with the filing of its Annual Report on Form 10-K for the year ending December 31, 2025.
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About Occidental Petroleum Corporation
Occidental Petroleum Corporation is a global energy producer, primarily focused on the exploration and production of oil and natural gas. Its operations span key regions such as the United States, the Middle East, and Latin America, contributing significantly to the energy supply chain. Aside from its core oil and gas activities, Occidental is actively engaged in chemical production through its subsidiary Occidental Chemical Corporation, which provides essential building blocks for a variety of industries, including agriculture, water treatment, and plastics. As a leader in its field, Occidental is committed to advancing sustainable and low-carbon energy solutions, notably through carbon capture and enhanced oil recovery techniques. The company plays a vital role in meeting global energy demands while striving to reduce environmental impact, thus positioning itself as a key player in the evolving energy landscape.
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