Oxy Q4 Net Loss Down 77% Y-O-Y, Fueled by Permian Output

SECAUCUS, NJ (DTN) – Occidental Petroleum cut net loss in the fourth quarter of 2025 by 77% from a year ago as record production in the Permian Basin helped it offset lower realized prices for oil and gas.

• Net loss shrank to $68 million from $297 million in the fourth quarter of 2024.

• Permian production averaged 818,000 bpd in the referenced quarter from a global output of 1.481 million bpd.

• Average realized crude oil prices for the quarter in review fell 15% year-on-year to $59.22 bbl – virtually matching the drop in the price of Brent, which slid 14.7% to $63.09.

• Average realized price for gas price also fell to $1.12 per thousand cubic feet (Mcf), down 11% from $1.26 Mcf a year ago.

• Midstream and marketing activity reported a pre-tax profit of $204 million for the quarter versus a loss of $134 million in the previous year.

• Completion of the $9.7 billion sale of OxyChem to Berkshire Hathaway on January 2 reduced principal debt to $15 billion from a prior debt level of $20.8 billlion, strengthening the balance sheet.