Highest-materiality recent filing
Occidental Q2 2026 EPS $2.75, beats; raises dividend 8% to $0.28; debt cut $1.9B
Net income $2.8B ($2.75 EPS); adjusted EPS $2.40; operating cash flow $5.1B.
Average diluted shares outstanding for Q2 2026: 1,012.2 million.
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).
Occidental provides Q1 2024 operational update; production within guidance despite Gulf outage
Gulf of Mexico oil and gas sales volumes estimated at 90 Mboed for Q1 2024.
Occidental provides Q4 2023 preliminary estimates; production in range despite Gulf outage
Total company production expected within guidance range despite third-party MPOG outage in eastern Gulf of Mexico since Nov 16, 2023.
OXY enters $4.7B term loan agreement to fund CrownRock acquisition
Total commitments: $2.0B 364-day tranche and $2.7B two-year tranche.
Occidental acquires CrownRock for ~$12B; adds 170 Mboed, 1,700 Permian locations
Total consideration ~$12.0B: $9.1B cash, ~$1.7B OXY stock, assumption of $1.2B CrownRock debt.
Occidental Q3 net income $1.2B, adj EPS $1.18; production exceeds guidance, full-year outlook raised
Net income of $1.2B ($1.20 diluted EPS); adjusted EPS of $1.18.
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”).
Sunil Mathew, 53, was appointed Senior Vice President and Chief Financial Officer of the Company effective as of August 9, 2023.
On August 9, 2023, Robert Peterson, 52, was appointed Executive Vice President, Essential Chemistry, of Occidental Chemical Corporation (“OxyChem”).
On February 16, 2023, the Board of Directors (the “Board”) of Occidental Petroleum Corporation (“Occidental”) increased the size of the Board from nine to ten directors in order to elect Ken Robinson to the Board, effective immediately.
On January 17, 2023, the Board of Directors (the “Board”) of Occidental Petroleum Corporation (“Occidental”) increased the size of the Board from eight to nine directors in order to elect Claire O’Neill, the former Managing Director for Climate and Energy of the World Business Council for Sustainable Development (WBCSD) and a former member of UK Parliament, to the Board effective as of January 17, 2023.
On September 29, 2022, Marcia E. Backus announced that she will step down from her role as Senior Vice President, General Counsel and Chief Compliance Officer of Occidental Petroleum Corporation (“Occidental” or the “Company”) effective as of December 31, 2022. Thereafter, Ms. Backus will continue to serve as Occidental’s Executive Adviser – Legal and will retire from employment with the Company effective as of March 1, 2023.
Thereafter, Ms. Backus will continue to serve as Occidental’s Executive Adviser – Legal and will retire from employment with the Company effective as of March 1, 2023.
On March 17, 2022, the Board of Directors (the “Board”) of Occidental Petroleum Corporation (“Occidental”) increased the size of the Board from nine to ten directors in order to elect Vicky A. Bailey, the President of Anderson Stratton International, LLC (“ASI”) and a former equity partner of BHMM Energy Services, LLC, to the Board effective as of March 22, 2022.
On March 4, 2022, Andrew Langham and Gary Hu each notified Occidental Petroleum Corporation (the “ Company ”) that he was resigning from the Board of Directors of the Company (the “ Board ”) and all committees of the Board on which he sits, effective immediately.
On March 4, 2022, Andrew Langham and Gary Hu each notified Occidental Petroleum Corporation (the “ Company ”) that he was resigning from the Board of Directors of the Company (the “ Board ”) and all committees of the Board on which he sits, effective immediately.
Max materiality 0.95 · Median 0.60 · Most common event earnings