Oxy announces Q1 2026 results
Reports $1.4B operating cash flow, $7.1B debt repayment, and 1,426 Mboed production exceeding guidance.
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Energy and chemicals company with carbon management
oxy.comLast updated
In short: Oxy announced the retirement of long-time CEO Vicki Hollub, completed the $9.7 billion sale of OxyChem, and reported strong production performance.
Reports $1.4B operating cash flow, $7.1B debt repayment, and 1,426 Mboed production exceeding guidance.
Vicki Hollub retires June 1, 2026. Richard Jackson, COO, succeeds her and joins the Board. Hollub remains a director.
The bipartisan delegation views offshore oil production. Oxy announces oil discovery at Bandit prospect in Gulf of America.
The discovery in Gulf of America, Green Canyon Block 680, involves high-quality Miocene sands. Oxy operates with 45.375% interest alongside Chevron and Woodside. Co-owners evaluate next steps.
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