Occidental Q3 EPS $1.61, adjusted $1.91, both down from Q2; principal debt cut $1.8 billion
Occidental reported third-quarter 2026 net income attributable to common stockholders of $1.6 billion, or $1.61 per diluted share, and adjusted income of $2.0 billion, or $1.91 per share. Both measures fell from the second quarter, with the decline mainly reflecting lower realized crude prices, a sharp drop in midstream and marketing income, and derivatives losses. The company reduced principal debt by $1.8 billion to $10.0 billion, and production of 1,427 Mboed exceeded the midpoint of guidance.
Key points
- Reported EPS $1.61 versus $2.75 in Q2 2026; adjusted EPS $1.91 versus $2.40 in Q2 2026
- Pre-tax income from oil and gas $2.6 billion versus $2.8 billion in Q2; midstream and marketing pre-tax income $55 million versus $1.3 billion in Q2
- Operating cash flow of $4.1 billion and free cash flow before working capital of $2.8 billion, with capital expenditures of $1.3 billion
- Principal debt reduced to $10.0 billion after retiring $10.4 billion of debt since the start of 2026
The filing
Written by AI on Nov 9, 2026, 4:16 PM ET, from this filing only.
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