| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 6, 2026 | 8/12 | 4 medium, 3 low flags | 2 | 0 | Call sheet → |
| Q1'26 | May 6, 2026 | 10/12 | 1 medium, 5 low flags | 4 | 1 | Call sheet → |
| Q4'25 | February 19, 2026 | 10/12 | 6 low flags | 4 | 2 | Call sheet → |
| Q3'25 | November 11, 2025 | 10/12 | 2 medium, 4 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | FY2026 midstream guidance midpoint raised to $1.1 billion FY2026 not complete; guidance raised again by $300 million this quarter on top of the prior raise, a revision, not a final result. |
| Q2'26 | Delivered | Richard Jackson to succeed Vicki Holub as President and CEO effective June 1 This quarter's call confirms Richard Jackson as President and CEO; transition period has ended and was completed as stated. |
| Q2'26 | Pending | Near-term cash flow priority to reduce principal debt to $10 billion Milestone not yet reached; principal debt is $11.8B this quarter, down from $13.3B, progress but not completion. |
| Q2'26 | Pending | FY2026 capital guidance range of $5.5 to $5.9 billion FY2026 not complete; range maintained unchanged this quarter. |
| Q2'26 | Pending | Full year 2026 production guidance midpoint of 1.44 million BOE/d FY2026 not complete; guidance was raised this quarter in absolute language without a new stated midpoint, a revision upward, not a final delivery. |
| Q2'26 | Delivered | Stratos: 'we are currently evaluating the repair timeline... will provide an update next quarter' Management did provide the promised update this quarter, disclosing commissioning timing and a 2027 operations start; the update itself was delivered even though the underlying timeline slipped. |
| Q2'26 | Pending | Targeting more than $1.2 billion of incremental free cash flow relative to 2025 in 2026 FY2026 not complete; management reaffirmed 'we expect to deliver more than the targeted $1.2 billion' this quarter, consistent with the original target, not yet a final delivered result. |
| Q1'26 | Delivered | 8% dividend increase Quarterly dividend raised as announced in Q4 call |
| Q1'26 | Exceeded | Maintain production base through safe operations Beat production guidance Q1 with record uptime metrics |
| Q1'26 | Delivered | $500M additional cost savings in 2026 On track with $300M capital and $200M operating/transport savings |
| Q1'26 | Missed | Production guidance 1.45M BOE/d for 2026 Reduced to 1.44M BOE/d for Middle East disruptions and EOR optimization |
| Q1'26 | Pending | STRATOS Phase 1 online Q2 2026 Commissioning complete but operational issue delays startup, timeline TBD |
| Q1'26 | Exceeded | Principal debt target $14.3B Reached $13.3B, $1B ahead of target through tender offers and cash flow |
| Q4'25 | Missed | STRATOS CO2 injection in Q1 2026 Pushed to Q2 2026 for both phases |
| Q4'25 | Missed | Potential to reallocate up to $400M to U.S. onshore Found efficiencies instead - actually better outcome |
| Q4'25 | Delivered | Increase investment in GoA waterflood and Oman by $250M Confirmed $200M increase for mid-cycle projects |
| Q4'25 | Exceeded | Principal debt target of less than $15 billion Hit $15B, now targeting $14.3B with tender offer |
| Q4'25 | Delivered | Initial focus on $4B debt maturing next 3 years Reduced near-term maturities from $5.5B to $450M |
| Q4'25 | Delivered | Use $6.5B of OxyChem proceeds to pay down debt Exceeded - paid down to $15B principal, targeting $14.3B |
| Q3'25 | Delivered | Progress on Gulf of America waterflood projects King Field and Horn Mountain projects moving forward with specific timelines |
| Q3'25 | Exceeded | Continue debt reduction ahead of schedule Repaid $7.5B vs $4.5B target, now $20.8B principal debt |
| Q3'25 | Delivered | Strong second half production performance Q3 exceeded guidance high end across all domestic assets |
| Q3'25 | Exceeded | Sustain operating cost reductions of $150M+ in U.S. onshore Achieved $170M domestic opex reduction plus $50M international |
| Q3'25 | Exceeded | Reduce capital guidance by additional amounts through efficiency Delivered another $100M reduction in Q3 for total $300M annual reduction |
| Q3'25 | Pending | STRATOS on track to start capturing CO2 this year (Q2 2025) Now guiding CO2 circulation Q4 2025, injection Q1 2026 - slight delay but still on track |
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