1、PRESS RELEASEOccidental Announces 2nd Quarter 2025 Results Announcing$950 million of additional divestitures since the start of the second quarter of 2025,of which approximately$370 million has already closed.Occidental has repaid$3.0 billion of debt year-to-date through a combination of asset sales
2、,organic cash flow and proceeds from warrants exercised Operating cash flow of$3.0 billion and operating cash flow before working capital of$2.6 billion Capital spending of$2.0 billion and contributions from noncontrolling interest of$51 million resulted in quarterly free cash flow before working ca
3、pital of$0.7 billion Total company production above the mid-point of guidance with 1,400 Mboed Midstream and marketing exceeded the high-end of guidance for pre-tax adjusted income Earnings per diluted share of$0.26 and adjusted earnings per diluted share of$0.39 Reducing the mid-point of 2025 capit
4、al guidance by$100 million and international operating costs by$50 million,driven by continued operational efficiency gains.Year-to-date,Occidental has realized or identified$500 million in capital and operating cost reductions from the original guidance HOUSTON August 6,2025 Occidental NYSE:OXY)tod
5、ay announced net income attributable to common stockholders of$288 million,or$0.26 per diluted share,and adjusted income attributable to common stockholders of$396 million,or$0.39 per diluted share,for the second quarter of 2025.Continued well performance leadership and a focus on enhanced operation
6、al efficiencies enabled us to generate strong financial results in the second quarter,said President and Chief Executive Officer Vicki Hollub.By unlocking lower cost resources,accelerating our deleveraging efforts and advancing our strategic growth projects,we have positioned our portfolio to delive