Other
Asset impairments and other charges
Occidental Petroleum Asset impairments and other charges increased by 100.0% to $120.00M in Q1 2026 compared to the prior quarter. Over 3 years (FY 2021 to FY 2025), Asset impairments and other charges shows a downward trend with a -41.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
Increases signal potential overvaluation of assets or adverse changes in market conditions, suggesting future earnings pressure.
Detailed definition
These are non-cash charges recognized when the carrying value of an asset exceeds its fair market value. In the energy s...
Peer comparison
Common in cyclical industries like energy and mining; peers often report these during commodity price downturns.
Metric ID:
other_pretax_asset_impairment_and_related_itemsHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $21.00M | $17.00M | $131.00M | $0.00 | $0.00 | $0.00 | $0.00 | $209.00M | $0.00 | $0.00 | $0.00 | $21.00M | $335.00M | $0.00 | $0.00 | $0.00 | $60.00M | $120.00M |
| QoQ Change | — | -19.0% | +670.6% | -100.0% | — | — | — | — | -100.0% | — | — | — | >999% | -100.0% | — | — | — | +100.0% |
| YoY Change | — | — | — | — | -100.0% | -100.0% | -100.0% | — | — | — | -100.0% | — | — | — | — | -100.0% | -82.1% | — |
Range$0.00 – $335.00M
CAGR+50.7%
Avg YoY Growth-97.0%
Median YoY Growth-100.0%
Business Segments
| Segment | Q1 '26 |
|---|---|
| Midstream and marketing | $105.00M |
| Total | $120.00M |
Asset impairments and other charges at Other Companies
Frequently Asked Questions
- What is Occidental Petroleum's asset impairments and other charges?
- Occidental Petroleum (OXY) reported asset impairments and other charges of $120.00M in Q1 2026.
- What is the long-term trend for Occidental Petroleum's asset impairments and other charges?
- Over 3 years (2021 to 2025), Occidental Petroleum's asset impairments and other charges has grown at a -41.8% compound annual growth rate (CAGR), from $304.00M to $60.00M.
- What does asset impairments and other charges mean?
- A write-down of asset values when they are determined to be worth less than their recorded book value.