Occidental Petroleum Corp

OXY: XNYS (USA)

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Occidental Earnings: Production Beat and Debt Reduction Followed by M&A Rumors

Adam Baker

Feb 19, 2026

Occidental reported production over the top end of guidance, 1481 thousand barrels of oil equivalent per day, versus a midpoint of 1460 mboe/d, while retiring $5.4 billion of debt and increasing the dividend. On Feb. 18, the Financial Times reported that subsidiary WES was looking to acquire KNTK.

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Occidental Petroleum Corp

Occidental Earnings: Production Beat and Debt Reduction Followed by M&A Rumors

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