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Occidental Petroleum (OXY) operating margin by quarter

Occidental Petroleum's operating margin was 48.5% in Q2 2026 (second quarter 2026), -18.6 pts from Q1 2026. Over the last 6 quarters it ranged from 8.8% (Q4 2025) to 67.2% (Q1 2026).

Occidental Petroleum operating margin by quarterOccidental Petroleum operating margin by quarter19.6%Q1 202511.5%Q2 202517.6%Q3 20258.8%Q4 202567.2%Q1 202648.5%Q2 2026
QuarterOperating marginQ/QY/Y
Q2 202648.5%-18.6 pts+37.0 pts
Q1 202667.2%+58.4 pts+47.6 pts
Q4 20258.8%-8.8 pts—
Q3 202517.6%+6.1 pts—
Q2 202511.5%-8.1 pts—
Q1 202519.6%——

Q2 2026 at a glance

Occidental Petroleum, Q2 2026: revenue $8.1B (+53% year over year), operating margin 48.5%, net earnings $2.8B, operating cash flow $4.3B. The chart follows the revenue to costs, profit and cash.

Questions

What is Occidental Petroleum's operating margin?

Occidental Petroleum's operating margin was 48.5% in Q2 2026 (second quarter 2026), -18.6 pts from Q1 2026.

How has Occidental Petroleum's operating margin changed?

Over the last 6 quarters it ranged from 8.8% (Q4 2025) to 67.2% (Q1 2026).

Q2 2026 results → · How Occidental Petroleum makes money →