Occidental Petroleum 2Q 2026 Performance Highlights

By Ahmed Jamerson • Sunday, July 12 10:51 • 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.

Realized pricing came in at $96.78 per barrel worldwide for oil, $24.64 per barrel for NGLs worldwide, and negative $0.80 per Mcf for worldwide natural gas.

By geography, Occidental realized $96.93 per barrel for U.S. oil and $95.83 for international oil. U.S. NGL realizations were $23.79 per barrel, versus $33.49 internationally. U.S. natural gas realizations were negative $1.48 per Mcf, while international natural gas was $1.95 per Mcf.

Benchmark prices in the period averaged $92.79 per barrel for WTI, $97.06 per barrel for Brent, and $2.89 per Mcf for Nymex gas.

Compared with those benchmarks, worldwide oil realizations were 104% of WTI and 100% of Brent. Worldwide NGL realizations were 27% of WTI, while domestic natural gas realizations were negative 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. Check out the company's full 8-K submission here.

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