Occidental reports Gulf of America downtime and $94 million collar impact
Filed with the SEC on · Summarized by InvestorsBot
Occidental said third-quarter 2026 production remained within its guidance range despite temporary Gulf of America curtailments in September caused by a third-party gas pipeline constraint and maintenance; some production has returned, with the rest expected to resume as the constraint is resolved. Gulf of America net sales volumes were 110 Mboed, average diluted shares totaled 1,012.8 million, and crude oil collar settlements reduced operating cash flow before working capital by $94 million; worldwide realized oil prices averaged $85.91 per barrel.