Occidental Petroleum (OXY-WT) Operating Expenses (2009 - 2026)
Occidental Petroleum (OXY-WT) posted quarterly Operating Expenses of $4.9 billion for Q1 2026, up 3.85% year-over-year from $4.7 billion in Q1 2025, and up 154.19% quarter-over-quarter from $1.9 billion in Q4 2025.
Occidental Petroleum (OXY-WT) Operating Expenses (2009 - 2026) Analysis & Trends
Occidental Petroleum (OXY-WT) has reported Operating Expenses for 18 consecutive years, with $4.9 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 3.85% year-over-year to $4.9 billion; the TTM figure through Mar 2026 stood at $18.2 billion (changed 0.42% YoY), while the FY2025 annual figure was $19.0 billion, changed 0.49% from the prior year.
- Operating Expenses grew to $4.9 billion in Q1 2026 per OXY-WT's latest filing, from $1.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $6.1 billion in Q3 2022 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses increased 6.7% — and 2023, when it tumbled 56.11%.
- Occidental Petroleum's Operating Expenses stood at $6.1 billion in 2022, then sank by 56.11% to $2.7 billion in 2023, then dropped by 9.98% to $2.4 billion in 2024, then dropped by 20.98% to $1.9 billion in 2025, then soared by 154.19% to $4.9 billion in 2026.
- Business Quant data shows OXY-WT's Operating Expenses at $4.9 billion in Q1 2026, $1.9 billion in Q4 2025, and $5.7 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 2.30 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.55 Bn |
| 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 |