Two Updates post-OXY Q2 Review: FCF and LCV

August 22, 2025

Two updates to our article about OXY’s future pathway post-Q2 results, which again reaffirm our stance that the company’s ability to generate FCF continues to be greatly under-appreciated.

First, recall that we had raised questions about the Q2 investor slide deck in which OXY claims that 2026 free cash flow (“FCF”) will increase by $1B from 2025?