Occidental Petroleum (OXY) Operating Expenses (2009 - 2026)
Occidental Petroleum's Operating Expenses came in at $4.55 billion for Q2 2026, down 4.0% from $4.74 billion a year earlier and down 6.4% from the prior quarter.
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Analysis
Occidental Petroleum (OXY) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Occidental Petroleum reported Operating Expenses of $17.03 billion, down 3.0% year-over-year; for FY2025, it was $19.02 billion, up 0.5% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of -9.8% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $18.93 billion in FY2024 (-3.4%), $19.6 billion in FY2023 (-18.7%), $24.09 billion in FY2022 (+3.1%) and $23.36 billion in FY2021 (-26.8%).
- The five-year range for quarterly Operating Expenses is $1.91 billion (Q4 2025) to $6.12 billion (Q4 2021).
- Year-over-year, Operating Expenses increased in two of the last eight quarters, with an average decline of 7.0%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 19.8%), and the weakest in Q4 2023 (a decline of 56.1%).
- Business Quant data shows OXY's Operating Expenses at $4.86 billion (Q1 2026), $1.91 billion (Q4 2025) and $5.72 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 3.19 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 53.37 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 46.44 Bn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 114.95 Mn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 17.00 Mn |
| 10 | Occidental Petroleum | 56.09 Bn | 44.64 Bn | - | 4.55 Bn |
Historic Data
Download Data
Historic 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 | 4.74 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 |
API Access
Occidental Petroleum Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=OXY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "OXY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=OXY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();