Occidental Petroleum Reports Q2 2026 Financials

By Tamara Parker • Sunday, July 12 16:06 • Permanent Link

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

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

Average realized oil prices came in at $96.93 a barrel in the United States, $95.83 internationally, and $96.78 worldwide.

For natural gas liquids, Occidental realized $23.79 a barrel in the U.S., $33.49 internationally, and $24.64 worldwide.

Natural gas realizations were negative in the U.S. at $(1.48) per Mcf, positive internationally at $1.95 per Mcf, and $(0.80) per Mcf worldwide.

Benchmark prices for the quarter were $92.79 a barrel for WTI, $97.06 a barrel for Brent, and $2.89 per Mcf for NYMEX gas.

On a percentage basis, worldwide oil realizations were 104% of WTI and 100% of Brent. Worldwide NGL realizations were 27% of WTI, while domestic natural gas realizations were (51)% of NYMEX. 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. If you want to know more, read the company's complete 8-K report here.

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