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Occidental Petroleum OXY Asset impairments and other charges
Asset impairments and other charges at other companies
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Where this comes from
Reported directly by Occidental Petroleum in its filing.
Tagged under the XBRL concept oxy:PretaxAssetImpairmentAndRelatedItems.
The source filing: Occidental Petroleum’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-053388
| millions, except per-share amounts | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Other operating and non-operating expense | 332 | 445 | 688 | 771 |
| Taxes other than on income | 342 | 269 | 601 | 533 |
| Depreciation, depletion and amortization | 1,847 | 1,823 | 3,641 | 3,627 |
| Asset impairments and other charges | 38 | — | 158 | — |
| Acquisition-related costs | — | 6 | — | 12 |
| Exploration expense | 37 | 83 | 147 | 138 |
| Interest and debt expense, net | 108 | 271 | 540 | 581 |
| Total | 4,546 | 4,737 | 9,401 | 9,412 |
Item 1. Financial Statements (unaudited)
FAQ
- What is Occidental Petroleum's asset impairments and other charges?
- Occidental Petroleum (OXY) reported asset impairments and other charges of $38M in Q2 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 $304M to $60M.
- What does asset impairments and other charges mean?
- These are non-cash charges recognized when the carrying value of an asset exceeds its fair market value. In the energy sector, this often relates to downward revisions in reserve valuations due to commodity price volatility or technical reassessments.
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