What is Occidental Petroleum's exploration expense?

Occidental Petroleum (OXY) reported exploration expense of $110.00M in Q1 2026.

How has Occidental Petroleum's exploration expense changed year-over-year?

Occidental Petroleum's exploration expense increased by 100.0% year-over-year, from $55.00M to $110.00M.

What is the long-term trend for Occidental Petroleum's exploration expense?

Over 4 years (2021 to 2025), Occidental Petroleum's exploration expense has grown at a -0.3% compound annual growth rate (CAGR), from $252.00M to $249.00M.

Operating Expenses

Exploration Expense

Occidental Petroleum Exploration Expense increased by 144.4% to $110.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 100.0%, from $55.00M to $110.00M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows relatively stable performance with a -0.3% CAGR.

Analysis

StatementIncome Statement

SectionOperating Expenses

First reportedQ1 2013

Last reportedQ1 2026May 5, 2026

Metric ID: cop_exploration_expense

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$86.00M	$31.00M	$107.00M	$25.00M	$26.00M	$47.00M	$118.00M	$102.00M	$102.00M	$125.00M	$112.00M	$66.00M	$83.00M	$57.00M	$69.00M	$55.00M	$83.00M	$66.00M	$45.00M	$110.00M
QoQ Change	—	-64.0%	+245.2%	-76.6%	+4.0%	+80.8%	+151.1%	-13.6%	+0.0%	+22.5%	-10.4%	-41.1%	+25.8%	-31.3%	+21.1%	-20.3%	+50.9%	-20.5%	-31.8%	+144.4%
YoY Change	—	—	—	—	-69.8%	+51.6%	+10.3%	+308.0%	+292.3%	+166.0%	-5.1%	-35.3%	-18.6%	-54.4%	-38.4%	-16.7%	+0.0%	+15.8%	-34.8%	+100.0%

Range$25.00M – $125.00M

CAGR+5.3%

Avg YoY Growth+41.9%

Median YoY Growth-2.5%

Frequently Asked Questions

What is Occidental Petroleum's exploration expense?: Occidental Petroleum (OXY) reported exploration expense of $110.00M in Q1 2026.
How has Occidental Petroleum's exploration expense changed year-over-year?: Occidental Petroleum's exploration expense increased by 100.0% year-over-year, from $55.00M to $110.00M.
What is the long-term trend for Occidental Petroleum's exploration expense?: Over 4 years (2021 to 2025), Occidental Petroleum's exploration expense has grown at a -0.3% compound annual growth rate (CAGR), from $252.00M to $249.00M.