Quarterly UpdatesJul 10, 2026, 04:23 PM
Occidental Q2 2026 Crude Oil Collars Impact Cash Flow by $156M
AI Summary
Occidental Petroleum Corporation provided a summary of factors expected to impact its second quarter 2026 results, referred to as "Earnings Considerations." The company reported average diluted shares outstanding of 1,012.2 million and a negative $156 million impact on operating cash flow from crude oil collar settlements. Key realized prices included $96.78/Bbl for worldwide oil and $(0.80)/Mcf for worldwide natural gas. This summary is preliminary and not an estimate of final earnings.
Key Highlights
- Average diluted shares outstanding for Q2 2026 were 1,012.2 million shares.
- Crude oil collar settlements negatively impacted operating cash flow by $156 million.
- Total worldwide average realized oil price was $96.78 per barrel.
- Total worldwide average realized NGL price was $24.64 per barrel.
- Total worldwide average realized natural gas price was $(0.80) per Mcf.
- Worldwide oil realized 104% of average WTI index price.
- Domestic natural gas realized (51)% of average NYMEX index price.
Price Impact
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