OXY · 8-K · 20260805PR053377
Revenue Performance and Mix
OCCIDENTAL PETROLEUM CORP /DE/ · 2026-08-05 · Importance 69 · Surprise 64 · No source text
Second-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 contributed $1.326 billion and eliminations reduced sales by $143 million. Sequentially, total net sales increased 54.2% from $5.230 billion in the first quarter, driven primarily by higher oil prices and Midstream & Marketing sales.
Key facts
- Reported net income attributable to common stockholders of $2.8 billion for the second quarter of 2026 and EPS of $2.75. source
- Adjusted income attributable to common stockholders was $2.4 billion for the second quarter of 2026 and adjusted EPS from continuing operations was $2.40. source
- Net sales Oil & Gas revenue was $6,882 million in the second quarter of 2026. source
- Net sales Midstream & Marketing revenue was $1,326 million in the second quarter of 2026. source
- Reported income attributable to common stockholders for Q2 2026 was $2,807 million and reported diluted EPS was $2.75. source
- Adjusted income attributable to common stockholders (Non-GAAP) for Q2 2026 was $2,443 million and adjusted diluted earnings per share was $2.40. source
- Total revenues and other income (Total) were $8,327 million in Q2 2026 per Consolidated Condensed Statements of Operations. source
- Average worldwide realized crude oil prices increased 38% from the previous quarter to $96.78 per barrel. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +103.3% | Total revenues and other income (Total) were $8,327 million in Q2 2026 per Consolidated Condensed Statements of Operations. |
| revenue | positive | realized | +85.4% | Net sales Oil & Gas revenue was $6,882 million in the second quarter of 2026. |
| revenue | positive | realized | +16.4% | Net sales Midstream & Marketing revenue was $1,326 million in the second quarter of 2026. |
| net_income | positive | realized | — | Reported income attributable to common stockholders for Q2 2026 was $2,807 million and reported diluted EPS was $2.75. |
| net_income | positive | realized | — | Adjusted income attributable to common stockholders (Non-GAAP) for Q2 2026 was $2,443 million and adjusted diluted earnings per share was… |