Occidental Petroleum presentation outlines plan for $4 billion annual sustainable cash flow uplift by 2030 at $65 WTI

Occidental Petroleum highlighted a push to prioritize excess cash flow toward a $10 billion principal debt milestone; principal debt has been reduced to about $11.8 billion.

Accelerated debt paydown supported an additional 8% increase to the quarterly dividend.

U.S. unconventional well costs are targeted for a 7% improvement versus 2025; operational gains underpin a 3 Mboed increase to FY26 total company production guidance.

The plan targets $4 billion of incremental annual sustainable cash flow by 2030 at $65 WTI, up 95% versus 2025.

Free cash flow improvement in 2026 is expected to exceed $1.2 billion, excluding the impact of higher oil prices.