Oxy releases transcript of Q2 2026 earnings call

Reuters2026/08/11 12:07

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Occidental’s Q2 2026 earnings-call transcript showed CEO Richard Jackson, CFO Sunil Mathew, SVP Ken Dillon, IR head Babatunde Cole fielding analyst questions.
Quarterly dividend raised 8% to $0.28; Q2 free cash flow about $3 billion; principal debt cut to $11.8 billion; unrestricted cash $4.2 billion.
Management outlined a plan to add more than $4 billion of annual “sustainable cash flow” by 2030 versus 2025, with about 85% achievable at lower prices.
Mathew flagged about $700 million-$800 million of sustainable cash flow improvement in 2027 versus 2026; interest savings versus 2025 pegged at about $740 million.
Buybacks to stay opportunistic until the preferred redemption in August 2029; 2027 capital starting point $5.9 billion, implying flat production versus 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OXY - Occidental Petroleum Corporation published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Oxy releases transcript of Q2 2026 earnings call

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