Energy
Occidental Petroleum's Q2 FY2026 results were dominated by a $3.1B after-tax gain from the OxyChem sale, transforming it into a debt-light, pure-play oil and gas producer.
Key risk: Commodity Price Volatility
As a pure-play oil and gas producer, Occidental's revenue and cash flow are highly sensitive to oil and natural gas prices. The $234 million loss on crude collars in H1 2026 demonstrates the financial impact even when hedging.
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