Occidental Petroleum — Third Quarter 2026 Earnings Summary

Occidental Petroleum reported third-quarter 2026 net income of $1.6 billion, or $1.61 per diluted share, with adjusted earnings per share from continuing operations reaching $1.91. The company achieved a significant debt milestone by reducing principal debt to $10.0 billion, having retired $10.4 billion in debt since the start of the year. Global production averaged 1,427 thousand barrels of oil equivalent per day, exceeding guidance, while generating $4.1 billion in operating cash flow and $2.8 billion in free cash flow before working capital. Midstream and marketing pre-tax adjusted income surpassed the high end of guidance, driven by higher sulfur volumes and prices at Al Hosn despite lower gas margins.