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


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   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.

    




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