Occidental Q3 FY2026: $7.08B revenue, $1.61 EPS, principal debt at $10.0B
Occidental's third quarter was a cash quarter, not a growth quarter: $2.78 billion of free cash flow before working capital on $1.32 billion of capex, principal debt down to $10.0 billion, and $522 million returned to shareholders. Read GAAP EPS of $1.61 against adjusted EPS of $1.91 — the gap is mostly derivatives, not operations. Watch the oil price, which fell 11.0% sequentially.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $1.61 and adjusted EPS of $1.91 compare with $0.65 and $0.51 a year ago, but both fell from the second quarter's $2.75 and $2.40. The $0.30 gap between the two is mainly derivatives losses, per the release, and the adjusted tax rate was 22.0%. Adjusted income of $1.95 billion spread over 1,012.8 million diluted shares is the cleanest read on the operating quarter.
Revenue of $7.08 billion is up 28.3% from $5.52 billion a year ago, and the driver is price: worldwide realized crude averaged $85.91 per barrel versus $64.78 in the year-ago quarter. Sequentially it was flat, up 0.4% from $7.05 billion, as an 11.0% drop in realized crude was offset by domestic gas swinging from negative $1.48 per Mcf to $1.61. Be careful with the headline: the release's own net sales line is $6.57 billion and total revenues and other income is $6.77 billion, so $7.08 billion is broader than oil and gas sales.
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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 2026-11-09
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