Occidental Q3 2026: Gulf of America curtailment; oil realizations $85.91/bbl, LOE $8.54/boe

OCCIDENTAL PETROLEUM CORP /DE/

Total company Q3 2026 production is within guidance range, but September output at certain Gulf of America facilities was curtailed by a third-party gas pipeline constraint and maintenance.
Gulf of America net sales volumes were 110 Mboed; production has been partially restored with the rest returning as the pipeline constraint resolves.
Domestic lease operating cost was $8.54/boe; oil comprised 48.8% of total company production; average diluted shares outstanding were 1,012.8 million.
Worldwide realized oil averaged $85.91/Bbl (US $85.93, International $85.80) versus WTI $85.79 and Brent $91.62; worldwide oil was 100% of WTI and 94% of Brent.
NGL realized $24.63/Bbl worldwide and natural gas $1.69/Mcf (US $1.61 vs NYMEX $2.97, or 54%); crude oil collar settlements cut Q3 operating cash flow before working capital by $94M.

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