Occidental Petroleum (OXY-WT) issued preliminary considerations for the third quarter ended September 30, 2026, stating that total company production was within its guidance range. The company said temporary Gulf of America curtailments resulted from a third-party gas pipeline constraint and maintenance activity.
The release is not an estimate of third-quarter earnings and remains subject to finalization of Occidental's financial reporting process.
- Gulf of America net sales volumes were estimated at 110 Mboed for the quarter.
- Average diluted shares outstanding were 1,012.8 million.
- Crude oil collar settlements negatively affected operating cash flow before working capital by $94 million.
- Total worldwide realized oil price was $85.91 per barrel, while U.S. realized natural gas price was $1.61 per Mcf.
- Domestic lease operating cost was estimated at $8.54 per boe, and oil represented 48.8% of total company production.
