Occidental 3Q 2026: Revenue $6.57B, EPS $1.61 — 10-Q Summary

What happened

Occidental reported third-quarter 2026 revenue of $6.57 billion and diluted earnings per share of $1.61. Net income attributable to common stockholders increased year over year. Higher realized crude oil prices supported oil and gas results, while lower marketing margins and crude-derivative losses weighed on results.

Confirmed

Global impact / market context

The higher reported sales and earnings show stronger year-over-year results, but the article also identifies pressures that could limit performance. Lower marketing margins and derivative losses reduce the benefit of stronger oil prices, while maintenance and a pipeline constraint reduced production volumes and therefore potential sales.

Analyst inference

The results combine favorable pricing with operational and marketing headwinds: oil and gas segment earnings were $2.6 billion, while midstream and marketing earnings were $55 million. Occidental also completed a $9.5 billion adjusted-price sale of OxyChem on January 2, 2026, but the article gives no use of proceeds.

Confirmed

What to watch

1. Future reported production volumes can show whether maintenance and the third-party gas pipeline constraint continue to limit output and the revenue Occidental can generate. Analyst inference
2. Changes in realized crude oil and domestic natural gas prices could alter oil and gas earnings; the article notes these prices influenced results in different ways. Analyst inference
3. Watch whether marketing margins and crude oil derivative results improve or worsen, since the article identifies both as factors weighing on quarterly performance. Analyst inference

Evidence

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