Earnings call briefSecond-quarter 2026
Occidental Petroleum expects $4 billion in added sustainable cash flow by 2030
Chief Executive Richard Jackson said the plan can be delivered without increasing production.
GetSignal Occidental Petroleum OXY
On its second-quarter call, Occidental Petroleum said it expects to add $4 billion of annual sustainable cash flow by 2030 relative to 2025, with about 85% of the improvement expected even at lower prices.
Chief Financial Officer Sunil Mathew said the 2027 sustainable cash flow improvement relative to 2026 is expected to be around $700 million to $800 million.
Quotes from the call
“By 2030, we expect to deliver $4 billion of annual sustainable cash flow improvement relative to 2025.”
Key facts from the call
- Expected 2027 sustainable cash flow improvement relative to 2026
- $700 million to $800 million
- Expected 2027 capital spending starting point
- $5.9 billion
- Principal debt milestone
- $10 billion
Source: Occidental Petroleum's second-quarter 2026 earnings call, August 6, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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