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Occidental Petroleum OXY Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax at other companies
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Where this comes from
Reported directly by Occidental Petroleum in its filing.
Tagged under the XBRL concept us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax.
The source filing: Occidental Petroleum’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 4:18 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001628280-26-030584
| millions | Three months ended March 31, 2026 | Three months ended March 31, 2025 |
|---|---|---|
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net income | $3,359 | $945 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Discontinued operations, net | (3,123) | (115) |
| Depreciation, depletion and amortization of assets | 1,794 | 1,804 |
| Deferred income tax provision (benefit) | 50 | (125) |
| Asset impairments and other charges | 105 | — |
| Losses on sales of assets and other, net | 202 | 19 |
Item 1. Financial Statements (unaudited)
FAQ
- What is Occidental Petroleum's discontinued operation gain loss on disposal of discontinued operation net of tax?
- Occidental Petroleum (OXY) reported discontinued operation gain loss on disposal of discontinued operation net of tax of $3.12B in Q1 2026.
- How has Occidental Petroleum's discontinued operation gain loss on disposal of discontinued operation net of tax changed year-over-year?
- Occidental Petroleum's discontinued operation gain loss on disposal of discontinued operation net of tax increased by 2615.7% year-over-year, from $115M to $3.12B.
- What is the long-term trend for Occidental Petroleum's discontinued operation gain loss on disposal of discontinued operation net of tax?
- Over 3 years (2021 to 2025), Occidental Petroleum's discontinued operation gain loss on disposal of discontinued operation net of tax has grown at a -17.6% compound annual growth rate (CAGR), from -$468M to $262M.
- What does discontinued operation gain loss on disposal of discontinued operation net of tax mean?
- This metric represents the net gain or loss recognized from the divestiture or sale of a business unit, subsidiary, or significant asset group classified as a discontinued operation. It reflects the financial impact of exiting non-core business lines and is essential for investors to isolate the performance of ongoing operations from one-time strategic restructuring events. By excluding these gains or losses, analysts can better assess the underlying profitability and cash-generating capability of the company's core business.
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