secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001628280-26-030567
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000162828026030567/0001628280-26-030567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000162828026030567/oxy-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-030567

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer