Occidental Petroleum (OXY-WT) Operating Expenses (2009 - 2026)
Occidental Petroleum's (OXY-WT) quarterly Operating Expenses came in at $4.9 billion in Q1 2026, up 3.85% year-on-year from $4.7 billion in Q1 2025, and up 154.19% on a QoQ basis from $1.9 billion in Q4 2025.
Occidental Petroleum (OXY-WT) Operating Expenses (2009 - 2026) Analysis & Trends
Occidental Petroleum (OXY-WT) has 18 years of Operating Expenses data on file, last reported at $4.9 billion in Q1 2026.
- On a quarterly basis, Operating Expenses rose 3.85% year-over-year to $4.9 billion in Q1 2026; TTM through Mar 2026 was $18.2 billion, a 0.42% change from a year earlier, with the FY2025 full-year figure at $19.0 billion, changed 0.49% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.9 billion, up from $1.9 billion in the prior quarter.
- Over the last five years, Operating Expenses for OXY-WT reached as high as $6.1 billion in Q3 2022 and fell as low as $1.9 billion in Q4 2025.
- Historically, Operating Expenses has averaged $5.0 billion across 5 years, with a median of $5.6 billion in 2023.
- Across the five-year window, Operating Expenses climbed 6.7% in 2022 and sank 56.11% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $6.1 billion in 2022, then sank by 56.11% to $2.7 billion in 2023, then fell by 9.98% to $2.4 billion in 2024, then fell by 20.98% to $1.9 billion in 2025, then surged by 154.19% to $4.9 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $4.9 billion in Q1 2026, $1.9 billion in Q4 2025, and $5.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 4.12 Bn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 4.86 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 60.22 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 54.49 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.64 Bn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 2.87 Bn |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 2.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.86 Bn |
| Dec 31, 2025 | 1.91 Bn |
| Sep 30, 2025 | 5.72 Bn |
| Jun 30, 2025 | 5.74 Bn |
| Mar 31, 2025 | 4.68 Bn |
| Dec 31, 2024 | 2.42 Bn |
| Sep 30, 2024 | 5.73 Bn |
| Jun 30, 2024 | 5.49 Bn |
| Mar 31, 2024 | 5.30 Bn |
| Dec 31, 2023 | 2.69 Bn |
| Sep 30, 2023 | 5.70 Bn |
| Jun 30, 2023 | 5.59 Bn |
| Mar 31, 2023 | 5.62 Bn |
| Dec 31, 2022 | 6.12 Bn |
| Sep 30, 2022 | 6.12 Bn |
| Jun 30, 2022 | 6.08 Bn |
| Mar 31, 2022 | 5.77 Bn |
| Dec 31, 2021 | 6.12 Bn |
| Sep 30, 2021 | 5.74 Bn |
| Jun 30, 2021 | 5.82 Bn |