Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
Price, not barrels, multiplied pre-tax profit
With costs flat and volumes steady, a higher oil price passed almost straight through to profit.
For investorsWhat Occidental's profit depends on if the war premium fades
For foundersSelling a division to pay down debt: the playbook and its price
Occidental's own Permian gas sold at a negative price, while its marketing arm earned from holding the way out.
Selling OxyChem and repaying debt helped cut quarterly interest to $108M from $271M, so more profit reaches shareholders.
Capital spending stayed under the depletion charge, so high prices became free cash flow of $2.68B rather than new barrels.
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Business Lens describes Occidental Petroleum from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
