Strong Cash Flow Generation: Occidental reported $2.6 billion in operating cash flow for Q2 2025, indicating a significant increase compared to the same period in 2024, even with WTI oil prices averaging $11 per barrel lower. This reflects operational resilience and effective cash management, leading to a year-to-date cash flow from operations that has exceeded the previous year's figures.

Debt Reduction Progress: The company successfully repaid $7.5 billion of debt, translating to a nearly 70% reduction of the debt incurred from the CrownRock acquisition. This is ahead of their earlier target to reduce $4.5 billion in debt within a year, suggesting a stronger balance sheet and reduced annual interest expense by approximately $410 million.

Production Expectations and Guidance: Occidental's oil and gas production in Q2 reached 1.4 million BOE per day, surpassing guidance expectations. They forecast total production for Q3 2025 to increase to between 1.42 million and 1.46 million BOE per day, driven by operational momentum and enhanced performance across their U.S. onshore assets, particularly in the Rockies and Oman.