
• Reported GAAP EPS of -$0.07 up 78.12% YoY • Reported revenue of $2.06B down -69.88% YoY • Occidental plans 2026 capital expenditures between $5.5B and $5.9B, while continuing emphasis on controlling total costs from a per-barrel perspective to maximize shareholder returns.
Bullish
Occidental is strategically advancing low-carbon solutions and significantly reduced debt by repaying $9.4B. The company also enhanced proved reserves through positive revisions, improved recovery, and new discoveries in 2025.
Bearish
Occidental faces challenges from volatile commodity prices, significant environmental liabilities of up to $1.9B, and substantial indebtedness of $15B, which could limit financial flexibility.