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Occidental Petroleum OXY Oil and gas — Oil and gas lease operating expense

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Other financials

Income statement

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Revenue$5.2B-8.3%
Gross profit$5.8B-7.5%
Net income$3.4B+255%
EPS (diluted)$3.13+306%

Balance sheet

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Cash & equivalents$3.8B+45.6%
Total debt$17.6B-34.4%
Total equity$38.9B+12.2%
Total assets$80.5B-5.3%

Cash flow

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Operating cash flow$1.3B-40.4%
CapEx$1.6B-7.6%
Free cash flow-$273.0M-159%

Valuation

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Market cap$50.94B+13.4%
Enterprise value$64.66B-6.4%
P/E10.7×-3.1×
P/S2.5×+0.5×

Profitability

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Gross margin85.8%+1.8pp
Net margin23.9%+8.9pp
FCF margin16.8%-8.1pp

Returns & leverage

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Return on equity13%+3.1pp
Debt / equity0.5×-0.3×
Current ratio1.2×+0.2×

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 — oil and gas lease operating expense?
Occidental Petroleum (OXY) reported oil and gas — oil and gas lease operating expense of $1.12B in Q1 2026.
How has Occidental Petroleum's oil and gas — oil and gas lease operating expense changed year-over-year?
Occidental Petroleum's oil and gas — 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 — oil and gas lease operating expense?
Over 3 years (2022 to 2025), Occidental Petroleum's oil and gas — oil and gas lease operating expense has grown at a 5.1% compound annual growth rate (CAGR), from $4.03B to $4.68B.
What does oil and gas — oil and gas lease operating expense mean?
These are the direct costs associated with operating and maintaining oil and gas wells and related gathering facilities. It includes labor, repairs, maintenance, and materials necessary to keep production flowing.