Occidental Q2 2026 reported diluted EPS rises to $2.75; adjusted diluted EPS increases to $2.4
OXY•Second-quarter results and cash flow
- Occidental posted 2Q26 reported diluted EPS of $2.75; adjusted diluted EPS (non-GAAP) was $2.40.
- Cash flow from operations before working capital totaled $4.6 billion; free cash flow was $3 billion, the highest since 3Q22.
- Net capital expenditures were $1.6 billion; unrestricted cash ended June 30, 2026 at $4.2 billion.
Production, midstream income and balance sheet
- Total company production reached 1,433 Mboed; midstream adjusted pre-tax income hit $961 million, topping its prior 2018 record.
- Principal debt fell to about $11.8 billion, with $8.6 billion retired year-to-date; Oxy lifted its quarterly dividend by 8%.
