OXY · News · 20260805N

Revenue Performance and Mix

OCCIDENTAL PETROLEUM CORP /DE/ · 2026-08-05 · Importance 63 · Surprise 64

Occidental 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, reflecting substantially higher oil prices and production. The Midstream and Marketing segment contributed to the earnings beat through robust performance. Global production exceeded guidance, with growth primarily from U.S. assets.

Key facts

• Occidental reported year-ago comparison revenue growth of 52.1% year-on-year. source
• Occidental reported revenue of $8.07 billion, surpassing analyst estimates by 11.7%. source
• Occidental reported non-GAAP EPS of $2.40, beating expectations by 29.8%. source