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Occidental Petroleum OXY Exploration Expense

Exploration Expense at other companies

Contango Silver & Gold logo
Contango Silver & GoldCTGO
$2.93M+1,132%
Occidental Petroleum logo
Occidental PetroleumOXY
$37M-55.4%
MGY
Magnolia Oil & Gas CorporationMGY
$213K-41.3%
Chevron logo
ChevronCVX
$256M+1.6%
Ivanhoe Electric logo
Ivanhoe ElectricIE
$21.41M+52.1%
Jaguar Uranium logo
Jaguar UraniumJAGU
$2.52K-98.6%

Other financials

Income statement

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Revenue$8.1B+53.4%
Gross profit$5.8B-7.5%
Net income$3.0B+540%
EPS (diluted)$2.75+958%

Balance sheet

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Cash & equivalents$4.2B+77.5%
Total debt$15.8B-36.8%
Total equity$41.7B+16.9%
Total assets$80.4B-4.7%

Cash flow

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Operating cash flow$4.3B+44.3%
CapEx$1.6B-6.8%
Free cash flow$2.7B+114%

Valuation

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Market cap$53.52B+27.8%
Enterprise value$65.11B+1.0%
P/E7.3×-9.1×
P/S2.5×+0.4×

Profitability

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Gross margin85%+1.0pp
Net margin33.7%+21.1pp
FCF margin22.1%-7.8pp

Returns & leverage

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Return on equity18.9%+11.3pp
Debt / equity0.4×-0.3×
Current ratio1.4×+0.4×

Where this comes from

Reported directly by Occidental Petroleum in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The source filing: Occidental Petroleum’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053388

FAQ

What is Occidental Petroleum's exploration expense?
Occidental Petroleum (OXY) reported exploration expense of $37M in Q2 2026.
How has Occidental Petroleum's exploration expense changed year-over-year?
Occidental Petroleum's exploration expense decreased by 55.4% year-over-year, from $83M to $37M.
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 $252M to $249M.
What does exploration expense mean?
Exploration Expense as reported by Occidental Petroleum Corporation.

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