Occidental Petroleum Corp Reports Second Quarter 2025 Financial Results
Occidental Petroleum Corp has released its financial results for the second quarter of 2025. Key highlights from the report include:
- Revenue: $646 million
- Earnings: Exceeded market estimates
The company’s revenue exceeded analyst predictions, despite a decline in oil prices. Occidental’s increased production helped mitigate the impact of lower oil prices.
Debt Reduction Efforts
The company has made progress in reducing its debt through asset sales. A recent deal worth $950 million has been completed, which is expected to help alleviate the company’s financial burden.
Key Financial Metrics
- Revenue: $646 million
- Earnings: Exceeded market estimates
- Debt reduction: $950 million through asset sales