Occidental Petroleum Corp

OXY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Occidental Earnings: Guidance Revisions Won't Stop Deleveraging

Adam Baker

May 6, 2026

Occidental reduced its debt to under $14 billion in the first quarter and has set $10 billion as its next target. It guided production down 1% as asset sales, production-sharing agreements, and disruptions in the Middle East more than offset performance improvements in the Permian and Rockies.

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Occidental Petroleum Corp

Occidental Earnings: Guidance Revisions Won't Stop Deleveraging

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