Capital Expenditures for Occidental Petroleum (OXY)
According to Occidental Petroleum's latest reported financial statements, the company's current capital expenditures (TTM) is $6.43B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$6.43B
YoY change
-8.4%
5Y CAGR
+20.4%
Peak year (2012)
$10.23B
Cumulative capital expenditures
$133.31B
CapEx history chart for Occidental Petroleum (OXY) from 1989 to 2025
CapEx history table for Occidental Petroleum (OXY) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $6.43B | -8.4% | ||
| 2024 | $7.02B | +12.4% | ||
| 2023 | $6.25B | +43.6% | ||
| 2022 | $4.35B | +51.6% | ||
| 2021 | $2.87B | +13.2% | ||
| 2020 | $2.54B | -60.2% | ||
| 2019 | $6.37B | +28.0% | ||
| 2018 | $4.97B | +38.2% | ||
| 2017 | $3.60B | +27.1% | ||
| 2016 | $2.83B | -46.3% | ||
| 2015 | $5.27B | -37.1% | ||
| 2014 | $8.39B | +5.3% | ||
| 2013 | $7.96B | -22.1% | ||
| 2012 | $10.23B | +36.0% | ||
| 2011 | $7.52B | +90.8% | ||
| 2010 | $3.94B | +10.0% | ||
| 2009 | $3.58B | -61.8% | ||
| 2008 | $9.37B | +92.0% | ||
| 2007 | $4.88B | +62.3% | ||
| 2006 | $3.00B | +29.3% | ||
| 2005 | $2.32B | +26.1% | ||
| 2004 | $1.84B | +15.1% | ||
| 2003 | $1.60B | +29.5% | ||
| 2002 | $1.24B | -11.8% | ||
| 2001 | $1.40B | +47.2% | ||
| 2000 | $952.00M | +27.8% | ||
| 1999 | $745.00M | -30.6% | ||
| 1998 | $1.07B | -31.6% | ||
| 1997 | $1.57B | +30.6% | ||
| 1996 | $1.20B | +22.9% | ||
| 1995 | $979.00M | -11.2% | ||
| 1994 | $1.10B | +1.8% | ||
| 1993 | $1.08B | +14.7% | ||
| 1992 | $944.00M | -11.6% | ||
| 1991 | $1.07B | -26.1% | ||
| 1990 | $1.45B | +4.2% | ||
| 1989 | $1.39B | — |
CapEx values are taken from Occidental Petroleum's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Occidental Petroleum (OXY) capital expenditures totalled $6.43B – declined 8.4% year-over-year.
Occidental Petroleum capital expenditures compound annual growth for the 2020–2025 (5 years) window is +20.4%, with the latest reading among the more recent periods of the dataset.
Occidental Petroleum capital expenditures plunged from $10.23B in 2012 to $6.43B in 2025, a 37.2% drawdown.
$10.23B stands as the all-time-high annual capital expenditures, posted in 2012, against a low of $745.00M during 1999.
Within Energy, Occidental Petroleum (OXY) ranks 4th among 8 peers we track. The peer median for capital expenditures is $5.50B.
Occidental Petroleum Capital Expenditures by Year
Occidental Petroleum Capital Expenditures 2025: $6.43B
Occidental Petroleum capital expenditures in 2025 was $6.43B, declined 8.4% below 2024.
Occidental Petroleum Capital Expenditures 2024: $7.02B
Occidental Petroleum capital expenditures in 2024 was $7.02B, grew 12.4% from 2023.
Occidental Petroleum Capital Expenditures 2023: $6.25B
Occidental Petroleum capital expenditures in 2023 was $6.25B, surged 43.6% from 2022.
Occidental Petroleum Capital Expenditures 2022: $4.35B
Occidental Petroleum capital expenditures in 2022 was $4.35B, surged 51.6% from 2021.
Occidental Petroleum Capital Expenditures 2021: $2.87B
Occidental Petroleum capital expenditures in 2021 was $2.87B.
See more financial history for Occidental Petroleum (OXY).
Sector peers — CapEx
Companies in the same sector as Occidental Petroleum, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Occidental Petroleum's capital expenditures?
- Latest reported capital expenditures for Occidental Petroleum (OXY) is $6.43B (period ending December 31, 2025).
How has Occidental Petroleum capital expenditures changed year-over-year?
- Occidental Petroleum (OXY) capital expenditures changed -8.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Occidental Petroleum capital expenditures?
- Occidental Petroleum (OXY) capital expenditures compound annual growth rate is +20.4% over the most recent 5 years available.
When did Occidental Petroleum capital expenditures hit its highest annual value?
- Occidental Petroleum capital expenditures reached its highest annual value of $10.23B in 2012.
What was Occidental Petroleum capital expenditures in 2024?
- Occidental Petroleum (OXY) capital expenditures in 2024 was $7.02B.
What was Occidental Petroleum capital expenditures in 2025?
- Occidental Petroleum (OXY) capital expenditures in 2025 was $6.43B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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