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1、 PRESS RELEASE Occidental Announces 3rd Quarter 2025 Results Strong operational performance drove operating cash flow of$2.8 billion and operating cash flow before working capital of$3.2 billion Capital spending of$1.8 billion and contributions from noncontrolling interest of$39 million resulted in

2、quarterly free cash flow before working capital of$1.5 billion Total company average production exceeded the high end of guidance with 1,465 Mboed Midstream and marketing exceeded the high end of guidance for pre-tax adjusted income Repaid$1.3 billion of debt during the third quarter of 2025,reducin

3、g Occidentals principal debt balance to$20.8 billion Earnings per diluted share of$0.65 and adjusted earnings per diluted share of$0.64 HOUSTON November 10,2025 Occidental(NYSE:OXY)today announced net income attributable to common stockholders of$661 million,or$0.65 per diluted share,and adjusted in

4、come attributable to common stockholders of$649 million,or$0.64 per diluted share,for the third quarter of 2025.Occidentals third quarter results are a testament to the exceptional operational execution of our teams and the strength of our upstream portfolio.We achieved notable outperformance across

5、 our oil and gas assets as well as within our midstream and marketing operations,said President and Chief Executive Officer Vicki Hollub.The sale of OxyChem is an important milestone in the strategic transformation of our company and will enable us to further strengthen our balance sheet,accelerate

6、shareholder returns and unlock high-return opportunities across our core oil and gas business.QUARTERLY RESULTS Oil and Gas Oil and gas pre-tax income was$1.3 billion for the third quarter of 2025.Excluding items affecting comparability,the increase in third quarter oil and gas income,compared to th