Occidental Petroleum said its second-quarter 2026 earnings considerations show average diluted shares outstanding of 1,012.2 million and that crude oil collar settlements negatively impacted operating cash flow before working capital by $156 million. The company reported average realized worldwide oil price of $96.78 per barrel, NGLs at $24.64 per barrel and total domestic natural gas realized at $(1.48) per Mcf for the quarter. Occidental also disclosed index comparisons: WTI averaged $92.79/bbl and Brent $97.06/bbl for the period.
Financial Highlights
- Average diluted shares outstanding (Q2 2026): 1,012.2 million shares.
- Crude oil collar cash flow impact (Q2 2026): Negative $156 million to operating cash flow before working capital.
- Average realized oil price (Total worldwide): $96.78 per barrel.
- Average realized NGL price (Total worldwide): $24.64 per barrel.
- Average realized natural gas (Total worldwide): $(0.80) per Mcf; domestic natural gas realized $(1.48) per Mcf.
Business Highlights
- Realizations versus market indices: worldwide oil realized ~104% of average WTI and ~100% of average Brent for the quarter.
- Average market indices for the quarter: WTI $92.79/bbl, Brent $97.06/bbl, NYMEX gas $2.89/Mcf.
- International oil realizations were $95.83 per barrel while U.S. oil realizations were $96.93 per barrel for Q2 2026.
- Regional NGL performance: U.S. NGLs realized $23.79/bbl; international NGLs realized $33.49/bbl.
- International natural gas realized $1.95 per Mcf for the quarter, contrasting with negative domestic realization driven figures reported.
Original SEC Filing:
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