---
schema_version: "secwatch.filing_event.v1"
accession: "0000797468-23-000074"
form_type: "8-K"
ticker: "OXY"
cik: "0000797468"
company_name: "OCCIDENTAL PETROLEUM CORP /DE/"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:39:55.835005+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Occidental Q2 net income $605M ($0.63/diluted); raises FY production guidance to 1,210 Mboed

## Summary
- Adjusted EPS $0.68; cash flow from ops before WC $2.7B; free cash flow $1.0B.
- Production of 1,218 Mboed exceeded guidance midpoint by 42 Mboed; FY guidance raised.
- Repurchased $425M of common stock; redeemed $522M preferred (YTD ~$1.2B or 12% of preferred).
- OxyChem pre-tax income $436M exceeded guidance; oil & gas pre-tax $1.1B vs $1.6B Q1.
- Fitch upgraded OXY to investment grade; asset impairments of $164M in Powder River Basin.

## SEC filing metadata
- accession: 0000797468-23-000074
- form_type: 8-K
- ticker: OXY
- cik: 0000797468
- company_name: OCCIDENTAL PETROLEUM CORP /DE/
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797468/000079746823000074/0000797468-23-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797468/000079746823000074/oxy-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000797468-23-000074
- JSON: https://secwatch.observer/filing/0000797468-23-000074.json
- Plain text: https://secwatch.observer/filing/0000797468-23-000074.txt

## Key facts
- Earnings Releases
  OCCIDENTAL PETROLEUM CORP /DE/ reported the quarter ended June 30, 2023 results: net income $605 million, EPS $0.63 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Net income: $605 million
  - EPS: $0.63 per diluted share
  - Result: reported results
  source text: Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the second quarter of 2023 of $605 million, or $0.63 per diluted share, and adjusted income attributable to common stockholders of $661 million, or $0.68 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000079746823000074/0000797468-23-000074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.