Occidental Petroleum shared its third-quarter results, showing strong production and hitting a $10 billion debt goal.

Nov 10, 2026, 2:16 PM ETResultsRead the original at Benzinga

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Occidental exceeded the midpoint of its production forecast and reached its $10 billion principal-debt milestone. Its cash-flow target is for 2030, so that increase has not happened yet.

OXY · Occidental Petroleum

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Lower debt can cut interest costs, and management said lower debt interest is part of its cash-flow plan. Midstream also delivered over $300 million in adjusted profit before taxes. The planned cash-flow increase by 2030 has not happened yet, so it depends on future work.

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