OXY · Full Picture

OCCIDENTAL PETROLEUM CORP /DE/ — the full picture

Trailing window · 2026-05-11 to 2026-08-09

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

1. Revenue Performance and Mix · Revenue growth & mixPriority 72
   +205.1% revenue (realized); 2 sources (news, press_release); quote_verified
   Reported net income attributable to common stockholders of $2.8 billion for the second quarter of 2026 and EPS of $2.75.
2. Segment Profitability · Operating income & profitabilityPriority 69
   +40.0% operating_income (realized); quote_verified
   Pre-tax income from oil and gas totaled $2.8 billion for the second quarter of 2026, compared to $1.0 billion for the first quarter of 2026.
3. Liquidity and Debt Position · UnclassifiedPriority 66
   2 sources (news, press_release); 1 forward row(s); quote_verified
   The company used $3 billion in free cash flow to retire $1.9 billion in debt, bringing its principal down to $11.8 billion.
4. Capital Expenditures and Free Cash Flow · Cash flow generationPriority 62
   2 sources (news, press_release); 1 forward row(s); quote_verified
   Occidental outlined a plan to add over $4 billion in annual sustainable cash flow by 2030.
5. Midstream Capacity Optimization · UnclassifiedPriority 57
   quote_verified
   Midstream and marketing pre-tax adjusted income exceeded the high end of guidance for the second quarter of 2026.
6. Capital Expenditure Outlook · Capital expenditurePriority 56
   2 forward row(s); quote_verified
   Occidental expects flat production and capital spending in 2027 and aims for $5.9 billion in capital spending for 2027.
7. Income Tax Rate Changes · TaxPriority 53
   quote_verified
   Effective tax rate - Adjusted income - Continuing Operations was 23% for Q2 2026.
8. Oil and Gas Price Sensitivity · Commodity & energy pricesPriority 53
   2 sources (news, press_release); quote_verified
   Benchmark Brent crude prices averaged 19.2% higher, which contributed to Occidental's performance and impacted its international output.
9. Upstream Production Volume · Demand, orders & backlogPriority 45
   2 sources (news, press_release); 1 forward row(s); quote_verified
   Occidental expects production levels in 2027 to be similar to 2026 (flat production).
10. Dividend Increase · Buybacks & dividendsPriority 42
    2 sources (news, press_release); 2 forward row(s); quote_verified
    Occidental increased its quarterly dividend by 8%.
11. Enhanced Oil Recovery Technology · UnclassifiedPriority 36
    2 forward row(s); quote_verified
    Oxy is focusing on advanced recovery techniques to combat production declines and boost cash flow and plans to reduce its rig count by three in the fourth quarter while bringing 15 new wells online in the Permian Basin.
12. Guidance / Outlook · Guidance & outlookPriority 24
    qualitative only

Threads by pillar

Revenue & Demand Priority 75 · 3 threads

• Revenue Performance and MixPriority 72 · News, Release
• Upstream Production VolumePriority 45 · News, Release
• Geographic Market CommentaryPriority 23 · Release

Costs & Margins Priority 69 · 1 thread

• Segment ProfitabilityPriority 69 · Release

Capital & Balance Sheet Priority 71 · 4 threads

• Capital Expenditures and Free Cash FlowPriority 62 · News, Release
• Capital Expenditure OutlookPriority 56 · News
• Income Tax Rate ChangesPriority 53 · Release
• Dividend IncreasePriority 42 · News, Release

Guidance & Outlook Priority 24 · 1 thread

• Guidance / OutlookPriority 24 · Release

Macro & Market Conditions Priority 53 · 1 thread

• Oil and Gas Price SensitivityPriority 53 · News, Release

Unclassified Priority 72 · 4 threads

• Liquidity and Debt PositionPriority 66 · News, Release
• Midstream Capacity OptimizationPriority 57 · Release
• Enhanced Oil Recovery TechnologyPriority 36 · News
• Midstream Operating StrengthPriority 24 · News

Expected impact by metric