Occidental Q1 2026 preview: realized oil averaged $69.91 a barrel, below WTI's $71.93
Occidental Petroleum filed a preliminary summary of factors it says will affect its first quarter 2026 results, furnished as Exhibit 99.1 to an 8-K dated April 10, 2026. The document does not report revenue, net income or earnings per share, and it states that it is not an estimate of first quarter earnings. It does show average realized prices for oil, NGLs and natural gas, which give shareholders a view of pricing for the quarter.
Key points
- Worldwide realized oil price averaged $69.91 per barrel for the three months ended March 31, 2026, versus average WTI of $71.93 and Brent of $77.93.
- Worldwide realized natural gas price averaged $1.20 per Mcf, against an average NYMEX gas index price of $3.93.
- Worldwide realized NGL price averaged $18.99 per barrel; average diluted shares outstanding were 1,006.9 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 10, 2026.
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.