Occidental Petroleum Corporation Q2 2026 Earnings Results vs. Expectations

What the Street expects

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Q2 2026 reported results

What to watch

1. Whether the $96.78/barrel realized oil price translates into a clean EPS beat against the ~$1.84 consensus, given how much of the recent oil-price spike is disruption-driven and potentially transient.
2. Debt paydown pace toward the $10.0 billion target, and any signal on the timing of a buyback program once that milestone is close.
3. Berkshire Hathaway's stake, which has remained untouched through both the OxyChem sale and the CEO transition — any change in position size would be a significant signal.
4. 1PointFive Stratos DAC startup progress, after the recently disclosed non-DAC component delay.
5. New CEO Richard Jackson's first quarterly commentary, as the market gets its first extended read on strategic continuity versus change under his leadership.

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Estimate against reported

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

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