Filing Flows › Occidental Petroleum (OXY) › Q2 2026 › vs Q1 2026
Occidental Petroleum (OXY) Q2 2026 vs Q1 2026 (quarter over quarter)
Occidental Petroleum's revenue rose $2.8B (+54%) from $5.2B in Q1 2026 to $8.1B in Q2 2026. Operating margin 48.5% against 67.2% (-18.6 pts).
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 draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 48.5% | 67.2% | -18.6 pts |
| Net margin | 34.6% | 60.3% | -25.8 pts |
| Free cash flow margin | 33.3% | -5.2% | +38.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $8.1B | $5.2B | $2.8B | +54% |
| Operating profit | $3.9B | $3.5B | $402M | +11% |
| Costs & expenses | $4.2B | $1.7B | $2.4B | +142% |
| Pre-tax earnings | $3.9B | $3.5B | $402M | +11% |
| SG&A | $262M | $245M | $17.0M | +7% |
| Other operating costs | $3.9B | $1.5B | $2.4B | +164% |
| Net earnings | $2.8B | $3.2B | −$368M | -12% |
| Minority interests | $209M | $204M | $5.0M | +2% |
| Income tax | $915M | $154M | $761M | +494% |
| Depreciation & amortization | $1.8B | $1.8B | $53.0M | +3% |
| Working capital & other | $363M | $3.7B | −$3.3B | -90% |
| Operating cash flow | $4.3B | $1.3B | $3.0B | +233% |
| Free cash flow (OCF − capex) | $2.7B | −$273M | $3.0B | — |
| Capital expenditures | $1.6B | $1.6B | $35.0M | +2% |
Questions
How much did Occidental Petroleum's revenue grow quarter over quarter in Q2 2026?
Occidental Petroleum's revenue rose $2.8B (+54%) from $5.2B in Q1 2026 to $8.1B in Q2 2026. Operating margin 48.5% against 67.2% (-18.6 pts).