Earnings Release

Occidental Petroleum Corporation's latest earnings press release, filed Oct 13, 2026, scored line by line for tone, guidance and what changed since the prior release.

Guidance lowered14 lines scoredFiled Oct 13, 2026SEC 8-K · Exhibit 99

Release Tone

CAUTIOUS

GuidanceGuidance loweredWhat this release does to the company's outlook

Tone change▼ 32.6pointsvs the prior release (Aug 5, 2026)

Hedging language0.00per 100 words▼ 0.00 vs prior

New this quarter14of 14 linesWording that was not in the prior release

The lines that matter most

Ranked by how material, how strongly worded and how new each sentence is.

1
Crude oil collar settlements for the third quarter of 2026 negatively impacted operating cash flow before working capital by $94 million.
New this quarterNegative tone
2
In September, Occidental temporarily curtailed production at certain Gulf of America facilities due to a third-party gas pipeline constraint and maintenance activities.
New this quarterNegative tone
3
Domestic lease operating cost ($/boe)$8.54
New this quarter
4
Gulf of America net sales volumes (Mboed)110
New this quarter
5
Total company production oil (%)48.8%
New this quarter
6
Average diluted shares outstanding for the third quarter of 2026 were 1,012.8 million shares.
New this quarter
7
Production has been partially restored, with the remaining impacted production expected to return as the third-party gas pipeline constraint is resolved.
New this quarter

Release by release

Tone and guidance for the last 2 earnings releases.

Oct 13, 2026Guidance lowered37.7-32.6
Aug 5, 2026New outlook issued70.3

Bar length: tone on a 32–76 scale.

The release, annotated

1Highlight rankPositive toneNeutralNegative toneDimmed text: low materiality

Outlook

Factors impacting third quarter 2026 results include:

Results

Total company production for the third quarter of 2026 is within Occidental's guidance range and includes the temporary Gulf of America downtime described below.

Management commentary

2In September, Occidental temporarily curtailed production at certain Gulf of America facilities due to a third-party gas pipeline constraint and maintenance activities.

7Production has been partially restored, with the remaining impacted production expected to return as the third-party gas pipeline constraint is resolved.

Outlook

Occidental is providing the following estimates of third quarter 2026 results impacted by the unplanned downtime referenced above:

Results

4Gulf of America net sales volumes (Mboed)110

3Domestic lease operating cost ($/boe)$8.54

5Total company production oil (%)48.8%

Average Diluted Shares Outstanding

6Average diluted shares outstanding for the third quarter of 2026 were 1,012.8 million shares.

Cash Flow related to Crude Oil Collars

1Crude oil collar settlements for the third quarter of 2026 negatively impacted operating cash flow before working capital by $94 million.

Realizations

The following table presents information about Occidental's average realized prices and index prices:

17 boilerplate lines (safe-harbor disclaimer, contacts, call details) are set aside.

How this is scored

Source: the press release Occidental Petroleum Corporation filed with the SEC as Exhibit 99 to Form 8-K (Item 2.02). Financial statements and boilerplate are set aside.
Tone: a financial sentiment model scores each sentence 0 to 100; the release score weights sentences by how material they are.
Materiality and guidance: a classifier judges whether each sentence is specific information, and what the release does to the outlook.
New this quarter: wording that does not appear in the prior release.
Hedging: uncertainty words (may, could, approximately, headwinds and similar) per 100 words of narrative.

These scores describe the release's language. They are not a forecast or a recommendation. Read the original filing

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