Occidental Petroleum entered the second quarter of 2025 with a strong focus on capital discipline, operational efficiency and strengthening the balance sheet. Despite weaker oil and gas prices, the company was able to maintain stable operating results, generate strong cash flow and continue to reduce debt. Improved performance across key segments - from upstream to the chemicals division and midstream - confirms that the strategy of focusing on portfolio optimization and productivity improvements is delivering results.

At the same time, restructuring efforts to enhance financial flexibility and long-term return on capital continue. Sales of non-core assets, lower capital expenditure and identified savings in operating costs are creating scope for further debt reduction and maintaining a solid liquidity position. Management, led by Vicki Hollub, thus confirms that Occidental $OXY can generate value in a less favorable commodity environment and remains poised to take advantage of any…