Occidental Petroleum (OXY) Q3 GAAP EPS $1.61
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Occidental Petroleum reported third-quarter 2026 GAAP EPS of $1.61 and adjusted EPS from continuing operations of $1.91, with net income attributable to common stockholders of $1.6 billion. The company said it reduced principal debt by $1.8 billion in the quarter and has retired $10.4 billion since the start of the year, reaching a $10.0 billion principal debt milestone, according to CEO Richard Jackson. Occidental generated $4.1 billion of operating cash flow and $2.8 billion of free cash flow before working capital, with capital expenditures of $1.3 billion. Total production averaged 1,427 Mboed, above the midpoint of guidance, while oil and gas pre-tax income fell to $2.6 billion from $2.8 billion in the prior quarter as worldwide realized crude prices dropped 11% to $85.91 per barrel.
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Occidental Petroleum (OXY), Richard Jackson
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