---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-030567"
form_type: "8-K"
ticker: "OXY"
cik: "0000797468"
company_name: "OCCIDENTAL PETROLEUM CORP /DE/"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:39:41.917485+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-030567
- form_type: 8-K
- ticker: OXY
- cik: 0000797468
- company_name: OCCIDENTAL PETROLEUM CORP /DE/
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797468/000162828026030567/0001628280-26-030567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797468/000162828026030567/oxy-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-030567
- JSON: https://secwatch.observer/filing/0001628280-26-030567.json
- Plain text: https://secwatch.observer/filing/0001628280-26-030567.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000162828026030567/0001628280-26-030567-index.htm

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