Oil and gas — Costs and Other Deductions
Occidental Petroleum Oil and gas — Costs and Other Deductions decreased by 4.2% to $3.93B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.3%, from $3.98B to $3.93B. Over 3 years (FY 2022 to FY 2025), Oil and gas — Costs and Other Deductions shows an upward trend with a 3.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests rising production costs or operational inefficiencies, while a decrease indicates improved cost management or lower service costs.
Detailed definition
This metric represents the total operating expenses, production costs, and other deductions directly attributable to the...
Peer comparison
Comparable to 'Lease Operating Expenses' or 'Production Costs' reported by other independent E&P companies.
oxy_segment_oil_and_gas_costs_and_other_deductionsHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.64B | $3.64B | $3.64B | $3.64B | $3.80B | $3.80B | $3.80B | $3.80B | $3.67B | $3.83B | $3.97B | $4.44B | $3.98B | $4.06B | $4.09B | $4.10B | $3.93B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +4.4% | +0.0% | +0.0% | +0.0% | -3.6% | +4.5% | +3.5% | +11.9% | -10.3% | +2.1% | +0.6% | +0.3% | -4.2% |
| YoY Change | — | — | — | — | +4.4% | +4.4% | +4.4% | +4.4% | -3.6% | +0.7% | +4.3% | +16.7% | +8.6% | +6.0% | +3.0% | -7.6% | -1.3% |
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Frequently Asked Questions
- What is Occidental Petroleum's oil and gas — costs and other deductions?
- Occidental Petroleum (OXY) reported oil and gas — costs and other deductions of $3.93B in Q1 2026.
- How has Occidental Petroleum's oil and gas — costs and other deductions changed year-over-year?
- Occidental Petroleum's oil and gas — costs and other deductions decreased by 1.3% year-over-year, from $3.98B to $3.93B.
- What is the long-term trend for Occidental Petroleum's oil and gas — costs and other deductions?
- Over 3 years (2022 to 2025), Occidental Petroleum's oil and gas — costs and other deductions has grown at a 3.6% compound annual growth rate (CAGR), from $14.58B to $16.23B.
- What does oil and gas — costs and other deductions mean?
- The total operating expenses incurred by the oil and gas segment to produce and transport hydrocarbons.