v3.26.1
EARNINGS PER SHARE AND EQUITY (Tables)
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Calculation of Basic and Diluted EPS
The following table presents the calculation of basic and diluted EPS attributable to common stockholders:
Three months ended Six months ended
millions except per-share amountsJune 30, 2026June 30, 2025June 30, 2026June 30, 2025
Income from continuing operations $3,000 $338 $3,236 $1,168 
Discontinued operations, net of taxes(4)130 3,119 245 
Net income$2,996 $468 $6,355 $1,413 
Less: Income attributable to noncontrolling interest(19)(10)(33)(19)
Less: Preferred stock dividends(170)(170)(340)(340)
Net income attributable to common stock$2,807 $288 $5,982 $1,054 
Less: Incremental fair value for warrants inducement— (25)— (25)
Less: Net income allocated to participating securities(20)(2)(37)(7)
Net income, net of participating securities$2,787 $261 $5,945 $1,022 
Weighted-average number of basic shares997.1985.1993.7963.5
Basic income per common share$2.80 $0.27 $5.98 $1.06 
Net income attributable to common stock$2,807 $288 $5,982 $1,054 
Less: Incremental fair value for warrants inducement— (25)— (25)
Less: Net income allocated to participating securities(19)(2)(37)(7)
Net income, net of participating securities$2,788 $261 $5,945 $1,022 
Weighted-average number of basic shares997.1 985.1 993.7 963.5 
Dilutive securities15.1 25.3 16.1 33.5 
Total diluted weighted-average common shares1,012.2 1,010.4 1,009.8 997.0 
Diluted income per common share$2.75 $0.26 $5.89 $1.03 
Anti-dilutive securities excluded from diluted shares (millions)83.9 84.2 83.9 83.9 
Schedule of Repurchase Agreements
The following table presents Occidental's common share activity, including exercises of warrants, and other transactions in Occidental's common stock in 2026:

Period
Exercise of Warrants (a)
Other (b)
Treasury Stock Purchases (c)
Common Stock Outstanding
December 31, 2025986,026,416 
First Quarter 20263,609,243 2,939,668 (1,382,767)991,192,560 
Second Quarter 20268,929,988 222,559 (636,556)999,708,551 
Total12,539,231 3,162,227 (2,019,323)999,708,551 
(a)    $276 million of cash was received in the first six months of 2026 from the exercise of Common Stock Warrants.
(b)    Includes issuances under the 2015 long-term incentive plan and the OPC savings plan.
(c)    Includes purchases from the trustee of Occidental's defined contribution savings plan that are not part of publicly announced plans or programs.