Energy company Occidental Petroleum Corporation (NYSE: OXY) has announced results for the third quarter of FY25, reporting a decrease in revenues and adjusted earnings.
- Net income attributable to the company was $661 million or $0.65 per share in Q3, vs. $964 million or $0.98 per share last year
- Adjusted net income declined to $649 million or $0.64 per share in the September quarter from $977 million or $1.00 per share in the year-ago quarter
- Total revenue and other income came in at $6.62 billion in Q3, compared to $7.17 billion in the prior-year quarter
- Operating cash flow was $2.8 billion in the third quarter, and operating cash flow before working capital came in at $3.2 billion
- Capital spending totaled $1.8 billion, and free cash flow before working capital was $1.5 billion
- During the quarter, the company repaid $1.3 billion of debt, reducing its principal debt balance to $20.8 billion
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