Occidental Petroleum Corp

Company facts

Industry

Crude Petroleum & Natural Gas

Headquarters

Houston, Texas

Most recent report

10-Q, filed Aug 5, 2026

Incorporated

Delaware

Filings on record

1,002+ filings

On EDGAR

CIK 797468

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 3 positive, 3 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Material debt reduction, contingent liabilities, and segment results.
  Positive

  • Repaid $8.6B of debt in H1 2026 using OxyChem proceeds, interest expense fell 60% to $108M in Q2.
  Notable

  • BlackRock invested full $550M commitment; $1.3B construction in progress for first commercial-scale DAC facility.
  Negative

  • If IRS wins, Occidental would repay $1.4B taxes and $1.0B interest ($2.4B total). Tax Court decision pending.

• Management's Discussion (Item 2)

  MD&A with OxyChem sale, $8.6B debt repaid, dividend hike, strong Q2 results.
  Positive

  • Dividend raised 8% to $0.28/share, payable Oct 15, 2026.
  • Oil and gas earnings surged to $2.8B in Q2 2026 from $1.0B in Q1, up 180%.
  Notable

  • One-time gain of $3.1 billion from OxyChem sale in Jan 2026.
  • Midstream swung from $87M loss in Q1 to $1.3B profit in Q2, helped by crude and gas margins.

• Exhibits (Item 6)

  CEO separation agreement filed, a material governance event.
  Negative

  • CEO Vicki Hollub has a separation agreement effective June 1, 2026, indicating her exit from the company.

What changed: Jun 2026 vs. Mar 2026

About 9% of OXY's Jun 2026 10-Q is new information. 26 paragraphs were added, 123 changed, and 35 removed. Below are the most important lines SECSift identified.

• Item 2 49
• Item 1 46
• Item 6 2
• Item 4 2
• Item 3 1
• Item 5 1