OXY · 8-K · 20260805PR053377

Capital Expenditures and Free Cash Flow

OCCIDENTAL PETROLEUM CORP /DE/ · 2026-08-05 · Importance 69 · Surprise 64 · In source text

Second-quarter 2026 operating cash flow before working capital reached $4.610 billion, compared with $2.408 billion in the second quarter of 2025. Free cash flow before working capital increased to $3.021 billion from $754 million, while capital expenditures totaled $1.589 billion, including $1.458 billion for Oil & Gas and $115 million for Midstream & Marketing. First-half 2026 operating cash flow before working capital was $7.861 billion and free cash flow before working capital was $4.768 billion on $3.093 billion of capital expenditures.

Key facts

• Delivered $3.0 billion of free cash flow before working capital from continuing operations with capital expenditures of $1.6 billion. source
• Capital expenditures, net of noncontrolling interest - continuing operations were $1,589 million in Q2 2026 (Non-GAAP). source
• Free Cash Flow Before Working Capital - Continuing Operations (Non-GAAP) was $3,021 million for Q2 2026. source
• Generated $5.1 billion of operating cash flow from continuing operations. source
• Generated $4.6 billion of operating cash flow before working capital. source
• Operating cash flow before working capital - Continuing Operations was $4,610 million in Q2 2026 (Non-GAAP). source
• Operating cash flow from continuing operations (GAAP) was $5,086 million in Q2 2026 per the Consolidated Condensed Statements of Cash Flows. source
• Capital expenditures (total GAAP) were $(1,589) million in Q2 2026 investing cash flow (Schedule 6a and 6b show capital expenditures and net of noncontrolling interest: $1,589). source

Impact estimates