---
title: "Oxy releases transcript of Q2 2026 earnings call"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295534082.md"
description: "Occidental Petroleum released its Q2 2026 earnings call transcript. The company raised its quarterly dividend by 8% to $0.28, reported approximately $3 billion in free cash flow, and reduced principal debt to $11.8 billion. Management outlined a plan to add over $4 billion in annual sustainable cash flow by 2030, with significant improvements expected in 2027. Capital spending for 2027 is set at $5.9 billion, implying flat production levels compared to 2026."
datetime: "2026-08-11T12:07:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295534082.md)
  - [en](https://longbridge.com/en/news/295534082.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295534082.md)
generator: "portal-rs"
---

# Oxy releases transcript of Q2 2026 earnings call

-   Occidental’s Q2 2026 earnings-call transcript showed CEO Richard Jackson, CFO Sunil Mathew, SVP Ken Dillon, IR head Babatunde Cole fielding analyst questions. \* Quarterly dividend raised 8% to $0.28; Q2 free cash flow about $3 billion; principal debt cut to $11.8 billion; unrestricted cash $4.2 billion. \* Management outlined a plan to add more than $4 billion of annual “sustainable cash flow” by 2030 versus 2025, with about 85% achievable at lower prices. \* Mathew flagged about $700 million-$800 million of sustainable cash flow improvement in 2027 versus 2026; interest savings versus 2025 pegged at about $740 million. \* Buybacks to stay opportunistic until the preferred redemption in August 2029; 2027 capital starting point $5.9 billion, implying flat production versus 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OXY - Occidental Petroleum Corporation published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**