Occidental Petroleum said second-quarter 2026 diluted shares averaged 1,012.2 million, while crude oil collar settlements cut operating cash flow before working capital by $156 million.
The company’s average realized oil price worldwide came in at $96.78 a barrel. That was above the average WTI price of $92.79 and just below the average Brent price of $97.06. Worldwide oil realizations equaled 104% of WTI and 100% of Brent.
By region, U.S. oil was realized at $96.93 a barrel and international oil at $95.83.
Natural gas realizations were far weaker. U.S. gas averaged a loss of $1.48 per Mcf, while international gas averaged $1.95 per Mcf, putting the worldwide average at negative $0.80 per Mcf. Compared with the $2.89 per Mcf Nymex benchmark, domestic gas realizations were 51% below the index.
NGL realizations were $24.64 a barrel worldwide, with U.S. NGLs at $23.79 and international NGLs at $33.49. Worldwide NGL realizations were 27% of the average WTI price. As a result of these announcements, the company's shares have moved 1.13% on the market, and are now trading at a price of $52.89. For the full picture, make sure to review OCCIDENTAL PETROLEUM CORP /DE/'s 8-K report.
