Filing Flows › Occidental Petroleum (OXY) › Q3 2026
Occidental Petroleum (OXY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Occidental Petroleum (OXY) reported revenue of $6.6B for the third quarter 2026 (Q3 2026), +19% from a year earlier and -19% from the quarter before. Operating margin was 36.2%, net earnings $1.6B (24.8% of revenue).
Occidental Petroleum, Q3 2026: revenue $6.6B (+19% year over year), operating margin 36.2%, net earnings $1.6B, operating cash flow $3.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6B | -19% | +19% |
| Operating profit | $2.4B | -39% | +112% |
| Net earnings | $1.6B | -42% | +148% |
| Operating cash flow | $3.7B | -14% | +32% |
| Free cash flow | $2.4B | -12% | +84% |
What changed
Revenue was $6.6B in Q3 2026, up 19% year over year and down 19% from the previous quarter.
Operating profit was $2.4B, a 36.2% margin (up 15.9 points year over year). Of the extra revenue versus Q3 2025, 120% reached operating profit, above the 20% margin then. Total costs fell 5% while revenue rose 19%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $1.6B, up 148% year over year. The effective tax rate was 23.3%.
Operating cash flow was $3.7B (up 32% year over year), 202% of net income including minority interests. Non-cash charges added back $1.8B of depreciation and amortization. Capital expenditures of $1.3B left free cash flow of $2.4B.
Questions
What was Occidental Petroleum's revenue in the third quarter 2026?
Occidental Petroleum (OXY) reported revenue of $6.6B for the third quarter 2026 (Q3 2026), +19% from a year earlier and -19% from the quarter before.
Was Occidental Petroleum profitable in the third quarter 2026?
Operating profit was $2.4B (36.2% of revenue) and net earnings $1.6B.