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Side-by-side financial comparison of ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) and Occidental Petroleum (OXY), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
ENTERPRISE PRODUCTS PARTNERS L.P. is the larger business by last-quarter revenue ($13.8B vs $1.7B, roughly 8.3× Occidental Petroleum). ENTERPRISE PRODUCTS PARTNERS L.P. runs the higher net margin — 11.9% vs 6.9%, a 5.0% gap on every dollar of revenue. On growth, ENTERPRISE PRODUCTS PARTNERS L.P. posted the faster year-over-year revenue change (-2.9% vs -75.8%). Over the past eight quarters, ENTERPRISE PRODUCTS PARTNERS L.P.'s revenue compounded faster (-3.3% CAGR vs -50.4%).
Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010.
Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. It is incorporated under the Delaware General Corporation Law and headquartered in Houston. The company ranked 183rd on the 2021 Fortune 500 based on its 2020 revenues and 670th on the 2021 Forbes Global 2000.
EPD vs OXY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $13.8B | $1.7B |
| Net Profit | $1.6B | $114.0M |
| Gross Margin | 27.0% | — |
| Operating Margin | 14.7% | -6.5% |
| Net Margin | 11.9% | 6.9% |
| Revenue YoY | -2.9% | -75.8% |
| Net Profit YoY | 1.5% | 195.0% |
| EPS (diluted) | — | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $13.8B | $1.7B | ||
| Q3 25 | $12.0B | $6.7B | ||
| Q2 25 | $11.4B | $6.3B | ||
| Q1 25 | $15.4B | $6.9B | ||
| Q4 24 | $14.2B | $6.9B | ||
| Q3 24 | $13.8B | $7.0B | ||
| Q2 24 | $13.5B | $6.8B | ||
| Q1 24 | $14.8B | $6.7B |
| Q4 25 | $1.6B | $114.0M | ||
| Q3 25 | $1.3B | $842.0M | ||
| Q2 25 | $1.4B | $468.0M | ||
| Q1 25 | $1.4B | $945.0M | ||
| Q4 24 | $1.6B | $-120.0M | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.5B | $888.0M |
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.6% | 87.8% | ||
| Q2 25 | 30.5% | 86.6% | ||
| Q1 25 | 22.1% | 88.4% | ||
| Q4 24 | 25.3% | 89.0% | ||
| Q3 24 | 24.6% | 88.5% | ||
| Q2 24 | 24.5% | 87.9% | ||
| Q1 24 | 22.7% | 89.0% |
| Q4 25 | 14.7% | -6.5% | ||
| Q3 25 | 14.0% | 17.4% | ||
| Q2 25 | 15.8% | 11.7% | ||
| Q1 25 | 11.4% | 19.3% | ||
| Q4 24 | 13.9% | -2.5% | ||
| Q3 24 | 12.9% | 22.7% | ||
| Q2 24 | 13.1% | 24.0% | ||
| Q1 24 | 12.3% | 15.0% |
| Q4 25 | 11.9% | 6.9% | ||
| Q3 25 | 11.1% | 12.6% | ||
| Q2 25 | 12.6% | 7.4% | ||
| Q1 25 | 9.0% | 13.7% | ||
| Q4 24 | 11.4% | -1.7% | ||
| Q3 24 | 10.3% | 16.2% | ||
| Q2 24 | 10.4% | 17.2% | ||
| Q1 24 | 9.9% | 13.2% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $0.65 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $0.98 | ||
| Q2 24 | — | $1.03 | ||
| Q1 24 | — | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $969.0M | $2.0B |
| Total DebtLower is stronger | — | $20.6B |
| Stockholders' EquityBook value | — | $36.0B |
| Total Assets | $77.9B | $84.2B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $969.0M | $2.0B | ||
| Q3 25 | $206.0M | $2.2B | ||
| Q2 25 | $870.0M | $2.3B | ||
| Q1 25 | $220.0M | $2.6B | ||
| Q4 24 | $583.0M | $2.1B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $138.0M | $1.8B | ||
| Q1 24 | $283.0M | $1.3B |
| Q4 25 | — | $20.6B | ||
| Q3 25 | — | $20.8B | ||
| Q2 25 | — | $23.3B | ||
| Q1 25 | — | $24.0B | ||
| Q4 24 | — | $25.0B | ||
| Q3 24 | — | $25.5B | ||
| Q2 24 | — | $18.4B | ||
| Q1 24 | — | $18.5B |
| Q4 25 | — | $36.0B | ||
| Q3 25 | — | $36.3B | ||
| Q2 25 | — | $35.7B | ||
| Q1 25 | — | $34.7B | ||
| Q4 24 | — | $34.2B | ||
| Q3 24 | — | $34.7B | ||
| Q2 24 | — | $32.1B | ||
| Q1 24 | — | $30.8B |
| Q4 25 | $77.9B | $84.2B | ||
| Q3 25 | $77.8B | $83.5B | ||
| Q2 25 | $77.4B | $84.4B | ||
| Q1 25 | $75.4B | $85.0B | ||
| Q4 24 | $77.2B | $85.4B | ||
| Q3 24 | $75.1B | $85.8B | ||
| Q2 24 | $73.6B | $76.2B | ||
| Q1 24 | $71.4B | $74.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.5B | $2.6B |
| Free Cash FlowOCF − Capex | — | $1.9B |
| FCF MarginFCF / Revenue | — | 113.4% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 45.4% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.50× | 23.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.1B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $2.5B | $2.6B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $2.1B | $3.0B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.1B | $3.7B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $2.1B | $2.0B |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $762.0M | $962.0M | ||
| Q1 25 | $1.3B | $240.0M | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $898.0M | $2.0B | ||
| Q2 24 | $310.0M | $623.0M | ||
| Q1 24 | $1.1B | $224.0M |
| Q4 25 | — | 113.4% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | 6.7% | 15.2% | ||
| Q1 25 | 8.1% | 3.5% | ||
| Q4 24 | 9.1% | 23.0% | ||
| Q3 24 | 6.5% | 28.5% | ||
| Q2 24 | 2.3% | 9.2% | ||
| Q1 24 | 7.2% | 3.3% |
| Q4 25 | — | 45.4% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | 11.4% | 31.6% | ||
| Q1 25 | 6.9% | 27.6% | ||
| Q4 24 | 7.5% | 26.0% | ||
| Q3 24 | 8.5% | 24.0% | ||
| Q2 24 | 9.4% | 26.0% | ||
| Q1 24 | 7.1% | 26.5% |
| Q4 25 | 1.50× | 23.11× | ||
| Q3 25 | 1.30× | 3.31× | ||
| Q2 25 | 1.44× | 6.32× | ||
| Q1 25 | 1.66× | 2.27× | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | 1.46× | 3.23× | ||
| Q2 24 | 1.12× | 2.05× | ||
| Q1 24 | 1.45× | 2.26× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
EPD
| Sales Of Crude Oil | $5.2B | 37% |
| Sales Of NG Ls And Related Products | $4.3B | 31% |
| Petrochemical And Refined Products Services | $2.3B | 17% |
| Oil And Gas Service | $740.0M | 5% |
| Sales Of Natural Gas | $462.0M | 3% |
| Transportation | $365.0M | 3% |
| Natural Gas Processing And Fractionation | $272.0M | 2% |
| Equity Method Investee | $14.0M | 0% |
OXY
Segment breakdown not available.
