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Occidental Petroleum OXY Pretax Asset Impairment And Related Items

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Segments

By segment

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Midstream and marketing$0

Other financials

Income statement

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Revenue$8.1B+53.4%
Gross profit$5.8B-7.5%
Net income$3.0B+540%
EPS (diluted)$2.75+958%

Balance sheet

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Cash & equivalents$4.2B+77.5%
Total debt$15.8B-36.8%
Total equity$41.7B+16.9%
Total assets$80.4B-4.7%

Cash flow

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Operating cash flow$4.3B+44.3%
CapEx$1.6B-6.8%
Free cash flow$2.7B+114%

Valuation

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Market cap$56.02B+33.8%
Enterprise value$67.6B+4.9%
P/E7.7×-8.7×
P/S2.6×+0.5×

Profitability

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Gross margin85%+1.0pp
Net margin33.7%+21.1pp
FCF margin22.1%-7.8pp

Returns & leverage

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Return on equity18.9%+11.3pp
Debt / equity0.4×-0.3×
Current ratio1.4×+0.4×

Where this comes from

Reported directly by Occidental Petroleum in its filing.

Tagged under the XBRL concept oxy:PretaxAssetImpairmentAndRelatedItems.

The source filing: Occidental Petroleum’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053388
millions, except per-share amountsThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Other operating and non-operating expense332445688771
Taxes other than on income342269601533
Depreciation, depletion and amortization1,8471,8233,6413,627
Asset impairments and other charges38158
Acquisition-related costs612
Exploration expense3783147138
Interest and debt expense, net108271540581
Total4,5464,7379,4019,412

Item 1. Financial Statements (unaudited)

FAQ

What is Occidental Petroleum's pretax asset impairment and related items?
Occidental Petroleum (OXY) reported pretax asset impairment and related items of $38M in Q2 2026.
What is the long-term trend for Occidental Petroleum's pretax asset impairment and related items?
Over 3 years (2021 to 2025), Occidental Petroleum's pretax asset impairment and related items has grown at a -41.8% compound annual growth rate (CAGR), from $304M to $60M.
What does pretax asset impairment and related items mean?
Pretax Asset Impairment And Related Items as reported by Occidental Petroleum Corporation.

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