Occidental Petroleum OXY Exploration Expense

Exploration Expense at other companies

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$2.93M+1,132%

TMC the metals company Inc.TMC

$13.26M+39.3%

Lithium AmericasLAC

$0-100%

Perpetua Resources Corp.PPTA

$53.1M+306%

APA CorporationAPA

$26M-13.3%

Westwater ResourcesWWR

$312K+4,357%

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?

This metric represents the costs incurred by an energy company related to the search for new oil and gas reserves, including geological and geophysical studies and the costs of carrying and retaining unproved properties. It reflects the company's commitment to replenishing its reserve base and long-term production potential. High levels of this expense indicate an active pursuit of future growth opportunities, while lower levels may suggest a focus on capital discipline or a shift toward developing existing assets.