Occidental previews Q4 2025 factors; OxyChem sale now reported as discontinued operations
Occidental Petroleum released preliminary fourth-quarter 2025 earnings considerations and furnished them as Exhibit 99.1 to an 8-K filed January 20, 2026. The document does not give a fourth-quarter earnings estimate and says the figures are preliminary and subject to finalization, so it does not show whether results improved or declined.
Key points
- OxyChem sale closed January 2, 2026; its results will be reported as discontinued operations, starting with the 2025 Form 10-K.
- Expected fourth-quarter 2025 adjusted effective tax rate: 35% to 37% for continuing operations and 24% to 26% for discontinued operations.
- Worldwide realized oil price averaged $58.99 per barrel versus an average WTI index price of $59.14; worldwide realized natural gas averaged $1.29 per Mcf versus a NYMEX index price of $3.61.
- Average diluted shares outstanding for the fourth quarter of 2025 were 1,002.9 million.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.