Occidental Q2 adjusted EPS rose to $2.40 from $1.06; quarterly dividend raised 8%
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing 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 August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.