Oct 13, 7:01 AM ET
Occidental Petroleum said in an 8-K that its third quarter 2026 production is within guidance, despite temporary September curtailments at Gulf of America facilities caused by a third-party gas pipeline constraint and maintenance. The company also said crude oil collar settlements reduced operating cash flow before working capital by $94 million, and it provided preliminary Q3 price, volume and share count figures ahead of full results. The considerations are preliminary and not an earnings estimate, so shareholders will need the final third quarter report to gauge profit.
- Total company Q3 2026 production is within Occidental's guidance range, including the Gulf of America downtime
- Gulf of America net sales volumes were 110 Mboed and domestic lease operating cost was $8.54 per boe in the quarter
- Crude oil collar settlements reduced Q3 operating cash flow before working capital by $94 million
- Worldwide average realized oil price was $85.91 per barrel versus WTI at $85.79; average diluted shares were 1,012.8 million
Read the filing on SEC.gov ↗
Aug 5, 4:16 PM ET
Occidental reported second-quarter 2026 net income of $2.8 billion, or $2.75 per diluted share, and adjusted EPS from continuing operations of $2.40, up from $1.06 in the first quarter. Reported EPS was below the $3.13 posted in the first quarter, which included $3.1 billion from discontinued operations. For shareholders, the company raised its quarterly dividend 8% to $0.28 per share and cut principal debt by $1.9 billion to $11.8 billion.
- Net sales were $8.1 billion in Q2 2026, up from $5.2 billion in Q1 2026.
- Reported EPS was $2.75 versus $3.13 in Q1 2026; adjusted EPS from continuing operations was $2.40 versus $1.06.
- Dividend increased to $0.28 per share, payable October 15, 2026, to holders of record as of September 10, 2026.
- Principal debt reduced by $1.9 billion to $11.8 billion; operating cash flow from continuing operations was $5.1 billion.
Read the filing on SEC.gov ↗
Jul 10, 4:15 PM ET
Occidental Petroleum released a preliminary summary of factors it expects to affect second-quarter 2026 results, furnished as Exhibit 99.1 to an 8-K. The filing is not a full earnings release or an estimate of quarterly earnings, and the figures are subject to finalization. Shareholders get a first look at realized prices and a $156 million cash flow hit from crude oil collar settlements.
- Crude oil collar settlements reduced operating cash flow before working capital by $156 million in Q2 2026.
- Worldwide realized oil price averaged $96.78 per barrel, versus average WTI of $92.79 and Brent of $97.06.
- Worldwide realized natural gas price was $(0.80) per Mcf, with the United States at $(1.48) per Mcf.
- Average diluted shares outstanding were 1,012.2 million for the quarter.
Read the filing on SEC.gov ↗
May 5, 4:16 PM ET
Occidental reported first-quarter 2026 net income attributable to common stockholders of $3.2 billion, or $3.13 per diluted share, and adjusted EPS from continuing operations of $1.06. The reported profit was driven by the gain on the OxyChem sale within discontinued operations, while adjusted EPS fell from $2.21 in the fourth quarter of 2025, and the company said it repaid $7.1 billion of principal debt through May 5.
- Net sales were $5,230 million, up from $5,112 million in the fourth quarter of 2025 and down from $5,704 million in the first quarter of 2025.
- Adjusted EPS from continuing operations was $1.06, compared with $2.21 in the fourth quarter of 2025 and $0.87 in the first quarter of 2025.
- Total company production of 1,426 Mboed exceeded the high end of guidance, and midstream and marketing adjusted pre-tax income exceeded the high end of guidance.
- Principal debt was reduced to $13.3 billion, with $7.1 billion repaid through May 5, 2026, and the company is progressing toward a $10.0 billion milestone.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
