Occidental Petroleum reported that total company production for the third quarter of 2026 remains within its previous guidance range. Results were impacted by temporary production curtailments at certain Gulf of America facilities in September due to third-party gas pipeline constraints and scheduled maintenance activities, though production has since been partially restored.
Key Highlights
- Gulf of America net sales volumes averaged 110 Mboed for the quarter.
- Average worldwide realized oil prices were $85.91 per barrel, representing 100% of the average WTI index price.
- Crude oil collar settlements resulted in a $94 million negative impact on operating cash flow before working capital.
- Domestic lease operating costs for the quarter were estimated at $8.54 per boe.