Highest-materiality recent filing
Occidental Q1 2026: adj EPS $1.06, debt cut $7.1B to $13.3B
Reported EPS $3.13 (gain on OxyChem sale); adjusted EPS from continuing ops $1.06.
CEO Vicki Hollub to retire June 1, 2026; COO Richard Jackson named successor
Vicki Hollub to retire as President and CEO effective June 1, 2026; will remain on Board.
Occidental pre-announces Q1 2026 factors: diluted shares 1,006.9M; oil realized $69.91/Bbl
Average diluted shares outstanding for Q1 2026: 1,006.9M.
Occidental upsizes tender offer to $1.2B, accepts early tenders for notes
Increased aggregate cap from $700M to $1.2B; accepted $1.2B in tenders at March 4, 2026 early deadline.
Occidental commences $700M debt tender offer and consent solicitation on five note series
Tender offers for five series: 0% 2036 notes, 6.125% 2031, 6.625% 2030, 7.2% 2029 debentures, 7.95% 2029 debentures.
Occidental completes $9.7B sale of OxyChem to Berkshire Hathaway, cuts debt $6.5B
Closed Jan 2, 2026; all-cash consideration of $9.7B subject to working capital adjustments.
Occidental Q3 net income $661M ($0.65/diluted), production beat guidance at 1,465 Mboed
Net income $661M ($0.65 diluted EPS); adjusted EPS $0.64; operating cash flow $2.8B.
Occidental sells OxyChem to Berkshire Hathaway for $9.7B all-cash
Deal value $9.7B, subject to customary adjustments for cash, debt, and working capital.
Berkshire Hathaway to acquire Occidental's OxyChem for $9.7B cash
Berkshire Hathaway to acquire OxyChem from Occidental for $9.7B in all-cash transaction.
Occidental Q2 net income $288M, adjusted EPS $0.39; cuts 2025 capex guidance $100M
Q2 net income attributable to common stockholders $288M ($0.26 diluted EPS); adjusted income $396M ($0.39 adjusted EPS).
Occidental files pro forma financials for CrownRock acquisition for FY 2024
Pro forma combined revenue of $28.3B for year ended Dec 31, 2024.
Occidental provides preliminary Q2 2025 guidance: Gulf production curtailed, tax rate up
Gulf of America sales volumes estimated at 125 Mboed due to third-party constraints and maintenance; total production within guidance.
Occidental Q1 net income $766M ($0.77 EPS), adjusted EPS $0.87; cuts capex guide $200M
Net income $766M ($0.77 diluted); adjusted income $860M ($0.87 diluted) for Q1 2025.
Occidental Q3 2024: EPS $0.98; production 1,412 Mboed above guidance; $4B debt repaid
Net income $964M ($0.98 diluted EPS); adjusted income $977M ($1.00 adjusted EPS).
CrownRock Holdings sells 29.56M OXY shares in underwritten public offering
CrownRock Holdings, L.P. sold 29,560,619 shares of Occidental common stock in the offering.
Occidental Q2 net income $1.0B, EPS $1.03; production exceeds guidance
Net income $1.0B ($1.03 diluted EPS); operating cash flow $2.4B; free cash flow before working capital $1.3B.
Occidental terminates exchange offer for up to $376M CrownRock Notes
Terminated exchange of any/all outstanding 5.000% CrownRock Notes due 2029 for new Occidental notes plus cash.
Occidental completes $12.4B acquisition of CrownRock, closing on August 1, 2024
Aggregate consideration $12.4B: $9.4B cash, 29.56M OXY shares, assumption of $1.2B CrownRock debt.
Ecopetrol decides not to acquire 30% stake in CrownRock assets from Occidental
Ecopetrol informed Occidental on July 31, 2024 that it will not acquire any interest in the CrownRock assets.
Occidental issues $5B in senior notes to fund CrownRock acquisition and refinancing
Issued $5B in senior notes: $600M 5.000% due 2027, $1.2B 5.200% due 2029, $1B 5.375% due 2032, $1.2B 5.550% due 2034, $1B 6.050% due 2054.
HSR clearance for CrownRock deal; Ecopetrol may buy 30% stake for ~$3.6B
HSR waiting period for CrownRock acquisition expired; closing expected August 2024.
Occidental launches exchange offer for up to $376M of CrownRock 5% notes due 2029
Occidental commenced private exchange offer for any and all outstanding $376M CrownRock 5% Senior Notes due 2029; offers new Occidental notes and cash.
Occidental Q1 net income $718M ($0.75 EPS); adjusted EPS $0.63; beats midstream/chem guidance
Net income $718M ($0.75 diluted EPS); adjusted income $604M ($0.63 adjusted EPS).
On April 30, 2026, as part of its management succession planning, the Board unanimously approved the appointment of Richard A. Jackson, 50, as Occidental’s President and CEO and as a member of the Board, in each case effective as of the Transition Date.
On April 30, 2026, Vicki Hollub, President and Chief Executive Officer (“CEO”) of Occidental Petroleum Corporation (“Occidental”), informed the Board of Directors of Occidental (the “Board”) of her decision to retire, effective as of June 1, 2026 (the “Transition Date”).
Max materiality 0.95 · Median 0.60 · Most common event earnings