Occidental Petroleum (OXY-WT) Research & Development (2009 - 2026)
Occidental Petroleum (OXY-WT) posted quarterly Research & Development of $110.0 million for Q1 2026, up 100.0% year-over-year from $55.0 million in Q1 2025, and up 144.44% quarter-over-quarter from $45.0 million in Q4 2025.
Occidental Petroleum (OXY-WT) Research & Development (2009 - 2026) Analysis & Trends
Occidental Petroleum (OXY-WT) has reported Research & Development for 18 consecutive years, with $110.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 100.0% year-over-year to $110.0 million; the TTM figure through Mar 2026 stood at $304.0 million (up 15.15% YoY), while the FY2025 annual figure was $249.0 million, down 9.45% from the prior year.
- Research & Development climbed to $110.0 million in Q1 2026 per OXY-WT's latest filing, from $45.0 million in the prior quarter.
- Across five years, Research & Development topped out at $125.0 million in Q3 2023 and bottomed at $25.0 million in Q1 2022.
- Historically, Research & Development has averaged $75.9 million across 5 years, with a median of $69.0 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development tumbled 69.77% — and 2023, when it soared 308.0%.
- Occidental Petroleum's Research & Development stood at $118.0 million in 2022, then declined by 5.08% to $112.0 million in 2023, then sank by 38.39% to $69.0 million in 2024, then plunged by 34.78% to $45.0 million in 2025, then soared by 144.44% to $110.0 million in 2026.
- Business Quant data shows OXY-WT's Research & Development at $110.0 million in Q1 2026, $45.0 million in Q4 2025, and $66.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 37.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 16.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.00 Mn |
| Mar 31, 2026 | 110.00 Mn |
| Dec 31, 2025 | 45.00 Mn |
| Sep 30, 2025 | 66.00 Mn |
| Jun 30, 2025 | 83.00 Mn |
| Mar 31, 2025 | 55.00 Mn |
| Dec 31, 2024 | 69.00 Mn |
| Sep 30, 2024 | 57.00 Mn |
| Jun 30, 2024 | 83.00 Mn |
| Mar 31, 2024 | 66.00 Mn |
| Dec 31, 2023 | 112.00 Mn |
| Sep 30, 2023 | 125.00 Mn |
| Jun 30, 2023 | 102.00 Mn |
| Mar 31, 2023 | 102.00 Mn |
| Dec 31, 2022 | 118.00 Mn |
| Sep 30, 2022 | 47.00 Mn |
| Jun 30, 2022 | 26.00 Mn |
| Mar 31, 2022 | 25.00 Mn |
| Dec 31, 2021 | 107.00 Mn |
| Sep 30, 2021 | 31.00 Mn |