Short answer
Occidental Petroleum (OXY) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Occidental issued its March 31, 2026 quarterly results on May 5, 2026.
Occidental Petroleum 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Occidental issued its March 31, 2026 quarterly results on May 5, 2026
- Financial results and condition details are provided in Exhibit 99.1 press release
- Disclosure furnished under Regulation FD, not treated as filed under Exchange Act Section 18
Item EX-99.1 · Exhibit EX-99.1
- Q1 2026 adjusted EPS $1.06, while reported EPS $3.13 included a $3.123 billion after-tax gain from discontinued operations
- Debt reduction accelerated, with $7.1 billion repaid through May 5 and principal debt reduced to $13.3 billion
- Operating cash flow before working capital reached $3.2 billion, supporting $1.7 billion free cash flow before working capital after $1.6 billion capital spending
- Production of 1,426 Mboed exceeded guidance, strengthening operating execution despite domestic gas realizations declining to $1.01/Mcf
- Deleveraging remains the primary investor catalyst, with management progressing toward its $10.0 billion principal-debt milestone
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