Occidental Petroleum Q2 2026: EPS $2.75 as crude rally lifts cash
Occidental Petroleum's second quarter beat on both profit and cash: reported EPS of $2.75 and adjusted EPS of $2.40 against a $1.8577 consensus, with the strongest free cash flow since 2022. Read this as a crude-price quarter first and an operational quarter second. Production and midstream both topped guidance, but realized crude prices jumped 38% from the prior quarter, and the filing's own revenue figures do not reconcile.
1 · Expected vs. Actual
Free preview belowReported EPS was $2.75 and adjusted EPS from continuing operations was $2.40, versus a $1.8577 consensus — a 29.2% beat on the adjusted figure. The prior quarter's $3.13 GAAP EPS was padded by discontinued-operations gains, so the sequential decline is not a deterioration in the core business. Adjusted income of $2.443 billion is the cleaner read on the quarter.
The filing's data feed puts revenue at $7.053 billion, up 34.1% from $5.258 billion a year earlier. The tension: the same press release's income statement shows $8.065 billion of total net sales, and the two reported segments add to $8.208 billion before $143 million of eliminations. The quarter was stronger than the headline number suggests, but the gap is a flag worth remembering.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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