Occidental flags Gulf of America downtime and $94 million collar hit to Q3 2026 cash flow
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.
Key points
- 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
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 October 13, 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.