Filing Flows › Occidental Petroleum (OXY) › Q2 2026
Occidental Petroleum (OXY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Occidental Petroleum (OXY) reported revenue of $8.1B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +54% from the quarter before. Operating margin was 48.5%, net earnings $2.8B (34.6% of revenue).
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.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.1B | +54% | +53% |
| Operating profit | $3.9B | +11% | +467% |
| Net earnings | $2.8B | -12% | +968% |
| Operating cash flow | $4.3B | +233% | +44% |
| Free cash flow | $2.7B | — | +114% |
What changed
Revenue was $8.1B in Q2 2026, up 53% year over year and up 54% from the previous quarter.
Operating profit was $3.9B, a 48.5% margin (up 35.4 points year over year). Of the extra revenue versus Q2 2025, 115% reached operating profit, above the 13% margin then. Total costs fell 9% while revenue rose 53%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $2.8B, up 968% year over year. The effective tax rate was 23.4%.
Operating cash flow was $4.3B (up 44% year over year), 143% of net income including minority interests. Non-cash charges added back $1.8B of depreciation and amortization. Working capital and other items used $0.57B. Capital expenditures of $1.6B left free cash flow of $2.7B.
Questions
What was Occidental Petroleum's revenue in the second quarter 2026?
Occidental Petroleum (OXY) reported revenue of $8.1B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +54% from the quarter before.
Was Occidental Petroleum profitable in the second quarter 2026?
Operating profit was $3.9B (48.5% of revenue) and net earnings $2.8B.