Income StatementBalance SheetCash FlowSegments
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Occidental Petroleum Business Segments

Business, geographic, and product segment breakdowns

Occidental Petroleum generates $20.0B in annual revenue across 2 key segments: Midstream and marketing ($1.5B), and Oil and gas ($20.5B). Based on the Q1 2026 filing.

Midstream and marketing (TTM)$1.5BOil and gas (TTM)$20.5B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$58.5B
P/E Ratio8.42
ROE18.86%

Products & Services

Revenue from Contract with Customer, Excluding Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil$4.7B$4.5B$4.1B$4.5B$4.1B$4.5B
NGL$648.0M$674.0M$543.0M$557.0M$475.0M$518.0M
Gas$292.0M$465.0M$293.0M$331.0M$280.0M$247.0M

Geographic

Property, plant, and equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other International$44.0M———$40.0M—

Revenue from Contract with Customer, Excluding Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International$776.0M$994.0M$1.1B$1.1B$830.0M$1.1B

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Outside North America$7.7B———$7.8B—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Outside North America$1.1B$1.1B$1.1B$1.1B$1.1B—

Environmental Remediation Sites Number

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Western New York, Oklahoma, California, New York, Pennsylvania————7.00—

Business Segments

Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas————$70.3B$71.9B
Midstream and marketing————$3.3B$2.6B

Asset impairments and other charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Midstream and marketing—$0.0———$105.0M

Costs and Other Deductions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$4.4B$4.0B$4.1B$4.1B$4.1B$3.9B
Midstream and marketing$368.0M$386.0M$422.0M$451.0M$328.0M$473.0M

Depreciation, depletion and amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$1.8B$1.7B$1.7B$1.8B$1.9B$1.7B
Midstream and marketing$24.0M$73.0M$88.0M$87.0M$32.0M$71.0M

Gains (losses) on sales of assets and other, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Midstream and marketing$17.0M$27.0M$38.0M$95.0M$341.0M-$149.0M
Oil and gas-$5.0M-$6.0M-$2.0M-$20.0M-$42.0M-$29.0M

Income from continuing operations before income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$1.2B$1.7B$934.0M$1.3B$655.0M$1.0B
Midstream and marketing—-$72.0M$49.0M$93.0M$187.0M-$87.0M

Income from equity investments and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Midstream and marketing$135.0M$114.0M$7.0M$143.0M—$138.0M
Oil and gas-$8.0M$0.0-$11.0M$2.0M-$9.0M-$2.0M

Income (Loss) From Continuing Operations Before Nonoperating Income (Expense), Equity Method Investments, Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$1.2B$1.7B$945.0M$1.3B$664.0M$1.0B
Midstream and marketing-$286.0M-$186.0M$42.0M-$50.0M$357.0M-$225.0M

Investments in unconsolidated entities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Midstream and marketing$2.6B$2.5B$2.3B$2.4B$2.3B$2.2B
Oil and gas$94.0M$115.0M$115.0M$126.0M$129.0M$137.0M

Other operating and non-operating expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$262.0M$244.0M$357.0M$261.0M$299.0M$273.0M
Midstream and marketing$77.0M$81.0M$98.0M$93.0M$83.0M$79.0M

Other segment expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$500.0M$150.0M$187.0M$158.0M$138.0M$203.0M
Midstream and marketing$39.0M$29.0M$37.0M$41.0M$55.0M$34.0M

Property Plant and Equipment, Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas————$126.9B$128.1B
Midstream and marketing————$9.6B$8.8B

Property, Plant and Equipment, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas————$56.6B$56.2B
Midstream and marketing————$6.4B$6.2B

Purchased commodities and midstream cost of sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Midstream and marketing$258.8M$200.0M$200.0M$200.0M$200.0M—

Revenue from Contract with Customer, Excluding Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$5.6B$5.7B$5.0B$5.4B$4.8B$5.3B
Midstream and marketing$166.0M$282.0M$426.0M$365.0M$271.0M$397.0M

Revenues, Operating and Nonoperating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$5.6B$5.7B$5.0B$5.4B$4.8B$4.9B
Midstream and marketing$82.0M$200.0M$464.0M$401.0M$685.0M$248.0M

Segment, Expenditure, Addition to Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$1.3B$1.6B$1.5B$1.3B$1.3B$1.4B
Midstream and marketing$244.0M$148.0M$195.0M$210.0M$253.0M$192.0M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$63.6B$61.8B$61.7B$60.5B$60.4B$60.4B
Midstream and marketing$13.2B$14.1B$13.7B$13.8B$13.9B$15.2B

Transportation and gathering expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$435.0M$407.0M$403.0M$408.0M$411.0M$391.0M
Midstream and marketing—$203.0M———$184.0M

Oil and gas lease operating expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$1.2B$1.2B$1.1B$1.2B$1.2B$1.1B

Taxes other than on income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Oil and gas$278.0M$260.0M$262.0M$243.0M$244.0M$252.0M