OXY · Energy
OCCIDENTAL PETROLEUM CORP /DE/
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
News · 2026-08-07
- Free Cash Flow TrendsImportance 52 · Surprise 42Occidental reported record second-quarter free cash flow of approximately $3 billion, the highest quarterly level since the third quarter of 2022. The cash generation funded $1.9 billion of debt retirement while also…
News · 2026-08-06
- Capital Expenditure OutlookImportance 58 · Surprise 42Occidental expects 2027 capital spending of approximately $5.9 billion, broadly flat compared with 2026. Management expects 2027 production to remain at levels similar to 2026 rather than pursue material volume growth.…
- Upstream Production VolumeImportance 46 · Surprise 42Second-quarter production exceeded Occidental's guidance, with global output rising primarily because of U.S. assets. Occidental expects 2027 production to remain broadly flat relative to 2026. In the Permian Basin,…
- Liquidity and Debt PositionImportance 46 · Surprise 42Occidental generated approximately $3 billion of second-quarter free cash flow. The company used $1.9 billion of that cash flow to retire debt, reducing principal debt to $11.8 billion. Debt reduction remains the…
- Dividend IncreaseImportance 39 · Surprise 50Occidental increased its quarterly dividend by 8% following its second-quarter 2026 results. The dividend increase was supported by record quarterly free cash flow of approximately $3 billion. The company is balancing…
- Enhanced Oil Recovery TechnologyImportance 34 · Surprise 42Occidental is deploying advanced recovery techniques to reduce production declines and improve cash flow from existing oil assets. In the Permian Basin, the company expects further efficiency gains from these methods.…
- Midstream Operating StrengthImportance 20 · Surprise 24Occidental’s Midstream and Marketing segment was reported as a significant contributor to its second-quarter performance. The segment benefited from robust operating results alongside higher realized crude oil prices…
8-K · 2026-08-05
- Liquidity and Debt PositionImportance 89 · Surprise 82Occidental reduced principal debt by $1.9 billion during the quarter to $11.8 billion, advancing toward its $10.0 billion debt milestone. Long-term debt, net, declined to $13.540 billion at June 30, 2026, from $20.623…
- Midstream Capacity OptimizationImportance 77 · Surprise 82Midstream and marketing results improved sequentially as crude margins benefited from the timing of crude sales. Gas margins also increased through transportation capacity optimizations, indicating active management of…
- Revenue Performance and MixImportance 69 · Surprise 64Second-quarter 2026 net sales increased to $8.065 billion from $5.258 billion in the second quarter of 2025, a 53.4% year-over-year increase. Oil & Gas contributed $6.882 billion of sales, while Midstream & Marketing…
- Segment ProfitabilityImportance 69 · Surprise 64Oil & Gas pre-tax income increased to $2.8 billion in the second quarter of 2026 from $1.0 billion in the first quarter. The increase primarily reflected higher realized crude oil prices, partly offset by lower…
- Capital Expenditures and Free Cash FlowImportance 69 · Surprise 64Second-quarter 2026 operating cash flow before working capital reached $4.610 billion, compared with $2.408 billion in the second quarter of 2025. Free cash flow before working capital increased to $3.021 billion from…
- Oil and Gas Price SensitivityImportance 69 · Surprise 64Second-quarter 2026 average WTI and Brent marker prices were $92.79 and $97.06 per barrel, respectively. Worldwide realized crude oil prices increased to $96.78 per barrel from $69.91 in the first quarter and $63.76 in…
- Income Tax Rate ChangesImportance 64 · Surprise 56The reported effective tax rate on continuing operations declined to 23% in the second quarter of 2026 from 40% in the second quarter of 2025. The first-half reported tax rate was 25%, versus 33% for the comparable…
- Dividend IncreaseImportance 45 · Surprise 50Occidental increased its quarterly dividend by an additional 8% during 2026 to $0.28 per share. The dividend is payable October 15, 2026, to stockholders of record as of September 10, 2026. The consolidated statement…
- Guidance / OutlookImportance 31 · Surprise 42Occidental expects to generate significant free cash flow growth by 2030. Management attributes this outlook to advanced recovery capabilities, value-based development, organic resource improvements and cost…
- Upstream Production VolumeImportance 30 · Surprise 40Global production averaged 1,433 thousand barrels of oil equivalent per day in the second quarter of 2026, exceeding the high end of guidance. U.S. production increased to 1,228 Mboed from 1,167 Mboed in the second…
- Geographic Market CommentaryImportance 30 · Surprise 40U.S. production reached 1,228 Mboed in the second quarter, up from 1,167 Mboed in the year-ago quarter, led by the Permian and Gulf of America. International production was 205 Mboed, down from 233 Mboed, with declines…
News · 2026-08-05
- Revenue Performance and MixImportance 63 · Surprise 64Occidental reported second-quarter 2026 revenue of $8.07 billion, up 52.1% year over year and 11.7% above analyst estimates. Adjusted earnings were $2.40 per share, compared with $0.39 per share a year earlier,…
- Free Cash Flow TrendsImportance 52 · Surprise 42Occidental reported record second-quarter free cash flow of approximately $3 billion, the highest quarterly level since the third quarter of 2022. The cash generation funded $1.9 billion of debt retirement while also…
- Oil and Gas Price SensitivityImportance 36 · Surprise 40Benchmark Brent crude prices averaged 19.2% higher in the second quarter because of geopolitical tensions in the Middle East. Occidental's realized crude oil price increased significantly year over year, supporting its…
News · 2026-08-04
- Revenue Performance and MixImportance 63 · Surprise 64Occidental reported second-quarter 2026 revenue of $8.07 billion, up 52.1% year over year and 11.7% above analyst estimates. Adjusted earnings were $2.40 per share, compared with $0.39 per share a year earlier,…