Occidental Petroleum Reports Q2 2026 Earnings

By Hao Liu • Saturday, July 11 16:06 • Permanent Link

Occidental Petroleum said second-quarter 2026 average diluted shares outstanding were 1,012.2 million.

Crude oil collar settlements cut operating cash flow before working capital by $156 million in the quarter.

Average realized oil prices came in at $96.78 a barrel worldwide, with U.S. crude averaging $96.93 and international crude averaging $95.83.

That compared with benchmark prices of $92.79 for WTI and $97.06 for Brent, putting worldwide oil realizations at 104% of WTI and 100% of Brent.

Natural gas realizations were negative in the U.S. at $(1.48) per Mcf, while international gas averaged $1.95 per Mcf and worldwide gas averaged $(0.80) per Mcf. Against a $2.89 per Mcf Nymex benchmark, domestic gas realizations were equal to (51)% of the index.

Natural gas liquids averaged $24.64 per barrel worldwide, including $23.79 in the U.S. and $33.49 internationally, equal to 27% of average WTI. Following these announcements, the company's shares moved 1.13%, and are now trading at a price of $52.89. Check out the company's full 8-K submission here.

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