Short answer
Occidental Petroleum (OXY) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5.6B (down 19.4% year over year) with net income of $3.2B.
Q1 2026 key financials · XBRL
- Revenue
- $5.6B
- −19.4% YoY
- Net income
- $3.2B
- +314.6% YoY
- EPS (diluted)
- $3.13
- +306.5% YoY
Source: XBRL data from the Occidental Petroleum (OXY) Q1 2026 10-Q on SEC EDGAR. USD.
Occidental Petroleum Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- WTI $71.93/barrel, up from $71.42 YoY
- OxyChem sale $9.5B, generating $3.1B after-tax gain
- Debt-reduction priority until principal debt reaches approximately $10.0B
- Oil-price volatility from geopolitical risk, Iran conflict, OPEC actions and trade-policy uncertainty
- Potential tariff-related supplier cost increases and weaker product demand; no material impact to date
Risk Factors
- No risk-factors section provided; only share-repurchase disclosures and exhibits included
- Share repurchase authorization: $1.223 billion remaining under February 2023 $3.0 billion program
- First-quarter 2026 repurchases: 1,382,767 shares at average $56.81 per share
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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