Occidental Petroleum OXY Oil and gas lease operating expense
Oil and gas lease operating expense at other companies
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Where this comes from
Reported directly by Occidental Petroleum in its filing.
Tagged under the XBRL concept us-gaap:ResultsOfOperationsExpenseFromOilAndGasProducingActivities.
The official record: Occidental Petroleum’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Occidental Petroleum's oil and gas lease operating expense?
- Occidental Petroleum (OXY) reported oil and gas lease operating expense of $1.12B in Q1 2026.
- How has Occidental Petroleum's oil and gas lease operating expense changed year-over-year?
- Occidental Petroleum's oil and gas lease operating expense decreased by 8.1% year-over-year, from $1.22B to $1.12B.
- What is the long-term trend for Occidental Petroleum's oil and gas lease operating expense?
- Over 4 years (2021 to 2025), Occidental Petroleum's oil and gas lease operating expense has grown at a 10.3% compound annual growth rate (CAGR), from $3.16B to $4.68B.
- What does oil and gas lease operating expense mean?
- This represents the direct costs associated with the day-to-day operation of oil and gas wells and related production facilities. It includes expenses such as labor, maintenance, power, and supplies required to keep production flowing. This is a critical efficiency metric for upstream energy companies.