Occidental Petroleum Corporation (OXY)

The company now

In its third-quarter earnings considerations, filed in October, Occidental said production was within its guidance range 4. The range includes unplanned Gulf of America downtime in September, caused by a third-party gas pipeline constraint and maintenance 4. The company put Gulf of America net sales volumes for the quarter at 110 thousand barrels of oil equivalent a day 4.

For the second quarter of 2026, net income attributable to common stockholders was $2.8 billion, or $2.75 per diluted share 3. Free cash flow before working capital from continuing operations was $3.0 billion, the highest since the third quarter of 2022 3.

Higher oil prices drove the quarter, with the average worldwide realized crude oil price up 38 percent from the first quarter to $96.78 a barrel 3. The quarterly report says part of that came from risk premiums tied to the conflict involving Iran 2.

Richard Jackson became president and chief executive on 1 June 2026, succeeding Vicki Hollub, who stays on the board 5. Occidental also cut principal debt by $1.9 billion in the quarter, to $11.8 billion, as it works toward a $10.0 billion milestone 3.

Open questions are how fast the Gulf of America volumes return and whether Middle East shipping conditions hold, which the quarterly report calls fragile 24.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.