Occidental Petroleum 4Q Revenue Falls as Oil and Gas Sales Decline

Dow Jones
02/19

By Kelly Cloonan

 

Occidental Petroleum logged lower revenue in its latest quarter, driven by a decline in its oil-and-gas segment.

The energy producer on Wednesday posted a loss of $68 million, or 7 cents a share, compared with a loss of $297 million, or 30 cents a share, a year earlier. Results for the quarter include charges and transaction costs related to the sale of OxyChem, the company said.

Adjusted earnings per share were 31 cents, compared with estimates of 17 cents a share according to analysts polled by FactSet.

Revenue fell to $5.11 billion from $5.64 billion. Analysts forecast $5.55 billion.

The company's oil-and-gas segment, which makes up the bulk of its top line, recorded revenue of $4.81 billion, down from $5.62 billion a year ago. Revenue from its midstream and marketing unit rose.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

February 18, 2026 16:43 ET (21:43 GMT)

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