For the year ending 2025-12-31, OXY had -$111M decrease in cash & cash equivalents over the period. $4,105M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,369 | 3,078 | 4,696 | 13,304 |
| Discontinued operations, net | 262 | 182 | 0 | 0 |
| Depreciation, depletion and amortization of assets | 7,533 | 7,371 | 6,865 | 6,926 |
| Deferred income tax provision (benefit) | 127 | -461 | 57 | -1,644 |
| Other noncash charges to income | -420 | -543 | 100 | 8 |
| Asset impairments | 21 | 1,281 | 209 | 0 |
| (gain) loss on sales of equity investments and other assets, net | - | - | - | 308 |
| Losses (gains) on sales of assets and other, net | 263 | -60 | 522 | - |
| Undistributed losses (earnings) from equity investments | -619 | 79 | -144 | 219 |
| Dry hole expense | 109 | 106 | 299 | 84 |
| (increase) decrease in trade receivables | -252 | 133 | -1,088 | 97 |
| (increase) decrease in inventories | -12 | 46 | 91 | 230 |
| Increase in other current assets | - | - | 13 | 335 |
| (increase) decrease in joint interest receivables and other current assets | 62 | -303 | - | - |
| Decrease in accounts payable and accrued liabilities | -964 | -661 | -549 | -478 |
| Increase (decrease) in current domestic and foreign income taxes | -305 | 559 | 225 | -185 |
| Operating cash flow from continuing operations | 9,606 | 11,739 | 12,308 | 16,810 |
| Operating cash flow from discontinued operations | 926 | -300 | 0 | 0 |
| Net cash provided by operating activities | 10,532 | 11,439 | 12,308 | 16,810 |
| Capital expenditures | 6,427 | 7,018 | 6,270 | 4,497 |
| Change in capital accrual | 32 | 96 | 25 | 147 |
| Purchase of businesses, assets and equity investments, net | - | - | 713 | 990 |
| Purchases of assets, businesses and equity investments, net | 280 | 9,129 | - | - |
| Proceeds from sale of assets and equity investments, net | 2,278 | 1,673 | 448 | 584 |
| Equity investments and other, net | 286 | 212 | 470 | 116 |
| Investing cash flow from continuing operations | -4,683 | - | -6,980 | -4,872 |
| Investing cash flow from discontinued operations | -1,116 | - | 0 | 0 |
| Net cash used by investing activities | -5,799 | -14,590 | -6,980 | -4,872 |
| Draws on receivables securitization facility | 0 | 0 | 900 | - |
| Payment of receivables securitization facility | 0 | 0 | 900 | - |
| Debt issuance costs | - | - | 46 | - |
| Proceeds from long-term debt, net | 0 | 9,612 | - | - |
| Draws on receivables securitization facility-Parent Company | - | - | - | 400 |
| Payments of long-term debt, net | 3,754 | 4,514 | 22 | - |
| Payment of receivables securitization facility-Parent Company | - | - | - | 400 |
| Redemption of preferred stock | 0 | 0 | 1,661 | - |
| Proceeds from long-term debt, net-Parent Company | - | - | - | 0 |
| Purchases of treasury stock | 0 | 27 | 1,798 | 3,099 |
| Payments of long-term debt, net-Parent Company | - | - | - | 9,484 |
| Cash dividends paid on common and preferred stock | 1,594 | 1,446 | 1,365 | 1,184 |
| Proceeds from issuance of common stock | 966 | 584 | 135 | 293 |
| Payment of liabilities associated with the sale of future royalties | - | - | - | 0 |
| Contributions from noncontrolling interest | 200 | 200 | 100 | - |
| Financing portion of net cash paid for derivative instruments | - | 0 | 0 | 111 |
| Deferred payments for purchases of assets and businesses | 417 | 318 | - | - |
| Other financing, net | -236 | -247 | -233 | -130 |
| Financing cash flow from continuing operations | -4,835 | - | -4,890 | -13,715 |
| Financing cash flow from discontinued operations | -9 | - | 0 | 0 |
| Net cash provided (used) by financing activities | -4,844 | 3,844 | -4,890 | -13,715 |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | -111 | 693 | 438 | -1,777 |
| Cash and cash equivalents at beginning of period | 2,157 | 1,464 | 1,026 | 2,803 |
| Cash and cash equivalents at end of period | 2,046 | 2,157 | 1,464 | 1,026 |
OCCIDENTAL PETROLEUM CORP DE (OXY)
OCCIDENTAL PETROLEUM CORP DE (OXY)