Occidental Q2 2026 EPS $2.75, beats; raises dividend 8% to $0.28; debt cut $1.9B

OCCIDENTAL PETROLEUM CORP /DE/

Net income $2.8B ($2.75 EPS); adjusted EPS $2.40; operating cash flow $5.1B.
Dividend increased 8% to $0.28/share, payable Oct 15, record Sep 10.
Debt reduced by $1.9B to $11.8B, targeting $10B milestone.
Production 1,433 Mboed, exceeding high-end guidance; Permian and Gulf of America outperformed.
Free cash flow before working capital $3.0B, highest since Q3 2022; capex $1.6B.

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