Occidental forecasts fourth-quarter midstream pre-tax income of $100 million-$200 million
OXY•Occidental forecasts fourth-quarter 2026 production of 1.43 million-1.47 million barrels of oil equivalent per day and midstream pre-tax income of $100 million-$200 million, with net capital expenditures of about $1.3 billion.
1. Fourth-quarter forecasts
Occidental forecasts fourth-quarter 2026 production of 1,430,000-1,470,000 barrels of oil equivalent per day, compared with 1,427,000 in the third quarter. Net capital expenditures are projected at about $1.3 billion, and midstream pre-tax income is forecast at $100 million-$200 million.
2. Cash flow and debt targets
Annual sustainable cash flow is expected to rise by $4 billion by 2030, a 95% increase from 2025. Occidental set a new $6 billion principal debt target after achieving its $10 billion milestone.
