8/1010 sources · 5 publishersUpdated Nov 10, 17:57 UTC
Occidental reports Q3 2026 earnings, cuts debt to $10 billion and generates $4.1 billion cash flow
Occidental Petroleum posted third‑quarter 2026 results with net income of $1.6 billion, EPS of $1.61 and adjusted EPS of $1.91. The company reduced its principal debt to $10.0 billion after retiring $10.4 billion of debt this year and generated $4.1 billion of operating cash flow. Production averaged 1.427 million barrels of oil equivalent per day, exceeding the midpoint of guidance.
Why it matters
The company said the debt reduction strengthens its balance sheet and supports its plan to add more than $4 billion of sustainable cash flow by 2030, which could enable higher shareholder returns.
Key facts
- 1Principal debt was reduced to $10.0 billion, down $1.8 billion from the prior quarter. energy-pedia.com
- 2Occidental retired $10.4 billion of debt during the year. 247wallst.com
- 3Operating cash flow from continuing operations was $4.1 billion. energy-pedia.com
- 4Adjusted EPS from continuing operations was $1.91. energy-pedia.com
- 5Net income attributable to common stockholders was $1.6 billion, or $1.61 per diluted share. energy-pedia.com
- 6Total global production averaged 1,427 thousand barrels of oil equivalent per day. energy-pedia.com
Open questions
- Revenue is reported as $6.77 billion in materials 4, 6 and 8, but material 10 lists revenue of $6.57 billion.
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.