Occidental Petroleum (NYSE:OXY) reported Q2 2026 metrics—diluted shares 1,012.2M, oil realized $96.78/bbl, NGLs $24.64/bbl, total gas -$0.80/Mcf and a $156M crude collar hit—while filing an 8‑K with earnings considerations as Evercore lifts its $65 target on stronger cash flow and lower debt.
Previous Week Recap
- Occidental Q2 2026 Highlights: Occidental Petroleum (OXY) Q2 2026: diluted shares 1,012.2M; realized oil $96.78/bbl, NGLs $24.64/bbl; total gas -$0.80/Mcf (domestic -$1.48/Mcf); crude oil collar cash flow impact -$156M.
- Evercore Lifts OXY Target: Evercore raised Occidental Petroleum's price target to $65, citing lower debt, better capital efficiency and ~8% annual FCF/share growth through 2030 (assuming $75 WTI); shares rose ~3.4% premarket.
- Oxy 8-K Summary Release: Occidental Petroleum filed an 8-K on July 10, 2026, releasing management’s summary of factors likely to affect Q2 2026 results and attaching the Earnings Considerations document (Exhibit 99.1).
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.