OXY · News · 20260805N

Free Cash Flow Trends

OCCIDENTAL PETROLEUM CORP /DE/ · 2026-08-05 · Importance 52 · Surprise 42

Occidental 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 supporting an 8% quarterly dividend increase. Occidental targets more than $4 billion of annual sustainable cash-flow gains by 2030. The targeted gains are expected to come from lower costs, lower capital requirements, and a stronger balance sheet.

Key facts

• Occidental reported an operating margin of 51.9% and a free cash flow margin of 63.1%. source