Occidental Q1 2026: adj EPS $1.06, debt cut $7.1B to $13.3B

OCCIDENTAL PETROLEUM CORP /DE/

2026-Q1 EPS reported $3.13 revenue$5,230,000,000

Reported EPS $3.13 (gain on OxyChem sale); adjusted EPS from continuing ops $1.06.
Repaid $7.1B of debt since year-end; principal debt now $13.3B, targeting $10.0B milestone.
Production of 1,426 Mboed exceeded guidance; average crude realized price $69.91/bbl, up 18% QoQ.
Operating cash flow from continuing ops $1.4B; free cash flow before working capital $1.7B.
Midstream & marketing pre-tax loss $87M vs $204M profit prior quarter, but beat high-end guidance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OCCIDENTAL PETROLEUM CORP /DE/ reported first quarter of 2026 results: net income $3.2 billion, EPS $3.13.

Period: first quarter of 2026
Net income: $3.2 billion
EPS: $3.13
Result: reported results

Exact text from the filing

Occidental (NYSE: OXY) today announced results for the first quarter of 2026, including net income attributable to common stockholders of $3.2 billion, or earnings per diluted share (EPS) of $3.13, and adjusted income from continuing operations attributable to common stockholders of $1.1 billion, or adjusted EPS from continuing operations of $1.06.

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Source: SEC EDGAR

accession 0001628280-26-030567

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