AI Takeaway
OXY reported a challenging FY2025 with revenue declining 1.9% to $21.6B and EPS falling 36.3% to $1.65, though the company made meaningful progress reducing long-term debt by 15.5% to $21.4B following its CrownRock acquisition integration.
Revenue
$21.59B
-1.93% YoY
EPS (Basic)
$1.65
-36.29% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-K filing
Total revenue fell 1.9% year-over-year to $21.6B in FY2025, reflecting softer commodity price realizations compared to the prior year's $22.0B. This top-line pressure flowed through to significantly lower earnings, with basic EPS dropping 36.3% from $2.59 to $1.65.
Source: Source: 10-K Income Statement
Long-term debt declined by $3.9B (15.5%) from $25.3B to $21.4B, demonstrating OXY's commitment to deleveraging its balance sheet following the large-scale CrownRock acquisition. This represents a significant capital allocation priority for the company in FY2025.
Source: Source: 10-K Balance Sheet
Operating cash flow remained robust at $10.5B despite declining 7.9% year-over-year from $11.4B, underpinned by $7.5B in depreciation and amortization (up 8.4% YoY), which reflects the expanded asset base from recent acquisitions.
Source: Source: 10-K Cash Flow Statement
2 more insights available
Upgrade to unlockWith $21.4B in long-term debt remaining after significant paydowns, OXY carries a substantial debt burden that creates financial risk if commodity prices decline sharply. The current ratio of 0.94 indicates current liabilities slightly exceed current assets, leaving limited short-term liquidity buffer. Sustained low oil and gas prices could impair the company's ability to service debt while maintaining capital investment.
Source: Source: 10-K Balance Sheet
Unlock 4 more detailed risk analysis
Upgrade to unlockReported EPS of $0.31 versus the $0.18 analyst consensus — a +68.2% beat for FY2025.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $21.59B | $22.02B | -1.93% |
EPS (Basic) | $1.65 | $2.59 | -36.29% |
EPS (Diluted) | $1.61 | $2.44 | -34.02% |
SG&A Expense | $986M | $960M | +2.71% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $84.19B | $85.44B | -1.47% |
Current Assets | $8.83B | $9.07B | -2.68% |
Current Liabilities | $9.43B | $9.52B | -0.98% |
Stockholders' Equity | $36.03B | $34.16B | +5.49% |
Cash & Equivalents | $1.97B | $2.13B | -7.39% |
Long-Term Debt | $21.4B | $25.32B | -15.51% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $10.53B | $11.44B | -7.93% |
Investing Cash Flow | $-5.8B | $-14.59B | +60.25% |
Financing Cash Flow | $-4.84B | $3.84B | -226.01% |
Share Buybacks | $0 | $27M | -100.00% |
D&A | $7.53B | $6.95B | +8.37% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Current Ratio | $0.936 | — | — |
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OXY reported revenue of $21.6B in FY2025, down 1.9% from $22.0B in the prior year, with basic EPS declining sharply by 36.3% to $1.65 from $2.59. Despite the earnings pressure, the company generated strong operating cash flow of $10.5B and made significant progress reducing long-term debt by $3.9B to $21.4B.
OXY's basic EPS fell 36.3% to $1.65 in FY2025 despite only a 1.9% revenue decline, illustrating the company's high sensitivity to commodity price movements. Higher depreciation and amortization charges of $7.5B (up 8.4% YoY) from the expanded post-CrownRock acquisition asset base also weighed on reported earnings.
Yes, OXY made substantial progress on debt reduction in FY2025, cutting long-term debt by $3.9B (15.5%) from $25.3B to $21.4B. This deleveraging was funded by strong operating cash flows of $10.5B and significantly reduced investing outflows of $5.8B compared to $14.6B in the prior year.
OXY's liquidity position is somewhat tight, with a current ratio of 0.94 (below 1.0), meaning current liabilities of $9.4B slightly exceed current assets of $8.8B, and cash declining 7.4% to $2.0B. However, the company's strong operating cash flow of $10.5B and growing stockholders' equity of $36.0B (up 5.5%) provide a solid underlying financial foundation.
No, OXY did not repurchase any shares in FY2025, compared to $27M in buybacks in the prior year, as the company prioritized debt repayment over shareholder returns. With $21.4B in long-term debt still outstanding, capital allocation remains focused on deleveraging before resuming meaningful share repurchases.