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Occidental Petroleum OXY Q3 2022 earnings

Reported August 5, 2026 · After market close

Revenue$8.1BBeat by $990.6M
EPS$2.40Beat by $0.57
Revenue estimate$7.1B
EPS estimate$1.83
“Our second quarter results demonstrate the strength of Oxy's resources and the competitive advantages that position us for continued value creation. We are unlocking more from our assets through our industry-leading advanced recovery capabilities and differentiated value-based development approach. At the same time, we remain focused on executing from a strong balance sheet, organically improving our resources and continuing to deliver cost efficiencies. Through consistent execution on these priorities, we expect to generate significant free cash flow growth by 2030 and sustainable long-term value for our shareholders.”
Richard Jackson

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$6.4B
EPS estimate$1.28

Financials

Q3 2022

Income statement

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Revenue$9.4B+38.3%
Gross profit$8.6B+41.1%
Net income$2.7B+232%
EPS (diluted)$2.52+288%

Balance sheet

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Cash & equivalents$1.3B-44.2%
Total debt$23.1B-29.8%
Total equity$28.7B+52.2%
Total assets$72.1B-4.8%

Cash flow

See full
Operating cash flow$4.3B+36.9%
CapEx$1.1B+74.8%
Free cash flow$3.1B+26.7%

Valuation & ratios

Valuation

as of 06/30/26
See full
Market cap$57.24B+107%
Enterprise value$79.09B+35.7%
P/E4.4×—
P/S1.6×+0.3×

Profitability

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Gross margin91%+2.7pp
Net margin35.5%+34.2pp
FCF margin33.1%+5.1pp

Returns & leverage

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Return on equity54.3%+52.7pp
Debt / equity0.8×-0.9×
Current ratio1.1×0.0×

Segments

By product

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Oil$5.4B+42.1%
Gas$874.0M+84.0%
NGL$785.0M+7.2%

By segment

See full
Oil and gas segment$7.1B+40.4%

By geography

See full
International$1.5B+31.8%

FAQ

When did Occidental Petroleum report Q3 2022 earnings?
Occidental Petroleum (OXY) reported Q3 2022 earnings on August 5, 2026 after market close.
What were Occidental Petroleum's Q3 2022 revenue and EPS?
Occidental Petroleum reported revenue of $8.1B and eps of $2.40 for Q3 2022.
Did Occidental Petroleum beat estimates in Q3 2022?
Revenue beat the consensus estimate of $7.1B by $990.6M. EPS beat the consensus estimate of $1.83 by $0.57.
How did Occidental Petroleum's Q3 2022 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 27.7% from $6.3B a year earlier and eps grew 515.4% from $0.39.
Where can I find Occidental Petroleum's Q3 2022 SEC filings?
You can read the 8-K earnings release (0001628280-26-053377) and the 10-Q periodic report (0001628280-26-053388) directly on SEC EDGAR. The filing index links above go to sec.gov.