Occidental Petroleum's second quarter 2026 update highlights a strong realized oil price of $96.78 per barrel.

Occidental released preliminary "Earnings Considerations" for its second quarter 2026, providing key commodity price realizations and hedging impacts. The company did not provide headline revenue or EPS figures in this update, as it is not a full earnings report.

Key Highlights

• The company reported a worldwide average realized crude oil price of $96.78 per barrel, which represents 100% of the average Brent price for the quarter.
• Crude oil collar settlements created a negative impact of $156 million to operating cash flow before working capital.
• The average realized price for U.S. natural gas was negative at ($1.48) per Mcf, a significant discount to the average NYMEX index price of $2.89.