OXY · 8-K · 20260805PR053377
Liquidity and Debt Position
OCCIDENTAL PETROLEUM CORP /DE/ · 2026-08-05 · Importance 89 · Surprise 82 · In source text
Occidental 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 billion at December 31, 2025, while current maturities declined to $203 million from $1.773 billion. Cash and cash equivalents increased to $4.150 billion at June 30, 2026, from $1.968 billion at year-end 2025.
Key facts
- Reduced principal debt by $1.9 billion to $11.8 billion. source
- Cash and cash equivalents at June 30, 2026 were $4,150 million per the consolidated balance sheet current assets. source
- Long-term debt, net was $13,540 million as of June 30, 2026 per the consolidated balance sheet. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | — | Reduced principal debt by $1.9 billion to $11.8 billion. |
| cash | negative | realized | — | Reduced principal debt by $1.9 billion to $11.8 billion. |