<PAGE>

                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C.  20549
                                
                            FORM 10-Q


 X   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended         September 30, 1997

                               OR

____ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ________________ to _____________

         ______________________________________________

Commission file number     1-10053

                             ORYX ENERGY COMPANY
     (Exact name of registrant as specified in its charter)

                 DELAWARE                         23-1743284
   (State or other jurisdiction of            (I.R.S. Employer
 incorporation or organization)          Identification Number)

      13155 NOEL ROAD, DALLAS, TEXAS               75240-5067
     (Address of principal executive offices)     (Zip code)

                                (972) 715-4000
      (Registrant's telephone number, including area code)

                _________________________________

      Indicate by check mark whether the registrant (1) has filed
all  reports required to be filed by Section 13 or 15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.      Yes  X    No

                ________________________________

      The  number  of  shares  of common  stock,  $1  par  value,
outstanding on November 1, 1997 was 105,720,071.
<PAGE>
<PAGE> 2
                       ORYX ENERGY COMPANY
                ________________________________
                                
                              INDEX



                                                           Page

PART I.  FINANCIAL INFORMATION

     Item 1.   Financial Statements

               Condensed Consolidated Statements of Income
               for the Three and Nine Months Ended
               September 30, 1997 and 1996                   3

               Condensed Consolidated Balance Sheets at
               September 30, 1997 and December 31, 1996      4

               Condensed Consolidated Statements of Cash
               Flows for the Nine Months Ended
               September 30, 1997 and 1996                   5

               Notes to Condensed Consolidated Financial
               Statements                                    6

               Report of Independent Accountants             9

     Item 2.   Management's Discussion and Analysis of
               Financial Condition and Results of Operations10


PART II. OTHER INFORMATION

     Item 6.   Exhibits and Reports on Form 8-K             14



SIGNATURE                                                   15
<PAGE>
<PAGE> 3

                             PART I
                      FINANCIAL INFORMATION

Item 1.  Financial Statements
ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME


<TABLE>
<CAPTION>

                       For the Three Months  For the Nine Months
(Millions of Dollars,   Ended September 30    Ended September 30
Except per Share Amounts)   1997     1996        1997     1996
                                      (Unaudited)
                           <C>      <C>         <C>      <C>
<S>
Revenues
  Oil and gas (Note 3)     $294     $ 293       $ 912    $ 797
  Other                      (7)       (4)        (16)      (8)
                           ----     -----       -----    -----
                            287       289         896      789
                           ----     -----       -----    -----
Costs and Expenses
  Operating costs            60        58         196      173
  Production taxes           41        41         121      103
  Exploration costs          18        16          49       41
  Depreciation, depletion
    and amortization         78        71         231      200
  General and administrative
    expense                  14        14          44       43
  Interest and debt
    expense                  28        28          83       84
  Interest capitalized       (4)       (5)        (12)     (12)
                           ----     -----       -----    -----
                            235       223         712      632
                           ----     -----       -----    -----
Income Before Provision for
  Income Taxes               52        66         184      157
Provision for Income
  Taxes (Note 4)             12        26          57       57
Remeasurement of Foreign
  Deferred Tax (Note 4)      (2)        -          (4)       -
                           ----     -----       -----    -----
Net Income                 $ 42      $ 40        $131    $ 100
                           ====     =====       =====    =====

Net Income Per Share
  of Common Stock          $.40     $ .38       $1.24    $ .95
                           ====     =====       =====    =====
Weighted Average Number
  of Common Shares
  Outstanding
  (in millions)           106.0     105.1       105.8    104.9
                          =====     =====       =====    =====
</TABLE>                                
                    (See Accompanying Notes)
<PAGE>
<PAGE> 4
 
ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                   September 30    December 31
(Millions of Dollars)                  1997            1996
                                   (Unaudited)
                                     <C>             <C>
<S>
Assets

Current Assets
  Cash and cash equivalents           $   13          $    9
  Accounts receivable and other
    current assets                       241             241
                                      ------          ------
Total Current Assets                     254             250
Properties, Plants and Equipment
  (net) (Note 5)                       1,801           1,627
Deferred Charges and Other Assets         57              58
                                      ------          ------

Total Assets                          $2,112          $1,935
                                      ======          ======

Liabilities and Shareholders' Deficit
Current Liabilities
  Accounts payable                     $ 161          $  130
  Accrued liabilities                    274             251
  Current portion of long-term debt        4               4
                                      ------          ------
Total Current Liabilities                439             385
Long-Term Debt (Note 6)                1,180           1,183
Deferred Income Taxes                    236             248
Deferred Credits and Other
  Liabilities                            149             156
Shareholders' Equity (Deficit) (Note 7)
  Common stock, par value $1 per
    share                                124             124
  Additional paid-in capital           1,821           1,821
  Accumulated deficit                   (770)           (895)
                                      ------          ------
                                       1,175           1,050

  Less: Common stock in treasury,
        at cost                         (970)           (988)
        Loan to ESOP                     (97)            (99)
                                      ------          ------
Shareholders' Equity (Deficit)           108             (37)
                                      ------          ------
Total Liabilities and Shareholders'
  Equity (Deficit)                    $2,112          $1,935
                                      ======          ======
</TABLE>

The successful efforts method of accounting is followed.

                    (See Accompanying Notes)
<PAGE>
<PAGE> 5

ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                             For the Nine Months
                                              Ended September 30
(Millions of Dollars)                           1997       1996
                                                  (Unaudited)
                                                <C>       <C>
<S>
Cash and Cash Equivalents From Operating
  Activities
Net income                                      $ 131     $ 100
  Adjustments to reconcile net income
    to net cash from operating activities:
      Depreciation, depletion and
        amortization                              231       200
      Dry hole costs and leasehold impairment      18        15
      Loss on sale of assets, net of taxes          3         1
      Deferred income taxes                        21        37
      Remeasurement of foreign deferred tax        (4)        -
      Other                                         6         8
                                                -----     -----
                                                  406       361
  Changes in working capital:
    Accounts receivable and other current
      assets                                       (2)      (29)
    Accounts payable and accrued
      liabilities                                  55       153
                                                -----     -----
Net Cash Flow Provided From Operating
  Activities                                      459       485
                                                -----     -----

Investing Activities
  Capital expenditures                           (410)     (394)
  Proceeds from divestments, net of current
    taxes                                           1         4
  Other                                           (45)      (19)
                                                -----     -----
Net Cash Flow Used For Investing Activities      (454)     (409)
                                                -----     -----
Financing Activities
  Proceeds from borrowings                         75       177
  Repayments of long-term debt                    (78)     (266)
  ESOP loan repayment                               2         -
                                                -----     -----
Net Cash Flow Used For
  Financing Activities                             (1)      (89)

Changes In Cash and Cash Equivalents                4       (13)
Cash and Cash Equivalents at Beginning
  of Period                                         9        20
                                                -----     -----
Cash and Cash Equivalents at End of Period       $ 13      $  7
                                                =====     =====
</TABLE>
                    (See Accompanying Notes)
<PAGE>
<PAGE> 6

                       ORYX ENERGY COMPANY
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1.   Basis of Presentation

     The    accompanying    condensed   consolidated    financial
     statements and related notes of Oryx Energy Company and  its
     subsidiaries  (hereinafter,  unless  the  context  otherwise
     requires,  being referred to as the Company)  are  presented
     in  accordance with the requirements of Form 10-Q and do not
     include  all  disclosures  normally  required  by  generally
     accepted  accounting principles or those  normally  made  in
     annual  reports on Form 10-K.  In management's opinion,  all
     adjustments  necessary  for  a  fair  presentation  of   the
     results  of operations for the periods shown have been  made
     and  are  of  a  normal recurring nature.   The  results  of
     operations  of  the  Company  for  the  nine  months   ended
     September  30,  1997 are not necessarily indicative  of  the
     results for the full year 1997.

     Statements of Cash Flows

     Amounts paid for interest and income taxes were as follows:
<TABLE>
<CAPTION>
                                   Nine Months Ended September 30
                                        1997           1996
                                      (Millions of Dollars)
                                       <C>            <C>
<S>
          Interest paid (net of
            capitalized amounts)        $  77          $ 74
          Income taxes paid             $  42          $  2
</TABLE>

2.   Provision for Restructuring

     In  the fourth quarter of 1995, the Company recognized a net
     $25 million ($16 million after-tax) charge for restructuring
     comprised   of  a  $4  million  adjustment   to   the   1994
     restructuring  provision  and a  $29  million  restructuring
     provision for a plan to achieve further cost reductions.

     An analysis of the 1995 restructuring liability follows:
<TABLE>
<CAPTION>
                                 1997     1997     1997
                      Balance   First    Second   Third   Balance
                         at    Quarter  Quarter  Quarter     at
                      12/31/96 Activity Activity Activity 9/30/97
                                 (Millions of Dollars)
                      <C>      <C>      <C>      <C>      <C>
<S>
     Office lease
       obligation*      $13     $(1)     $(1)     $ -      $ 11
                        ===     ====     ====     ====     ====
</TABLE>
           *      Represents  contractual  obligations   existing
           prior  to the commitment date that will continue  with
           no economic benefit to the Company.
<PAGE>
<PAGE> 7

                       ORYX ENERGY COMPANY
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                           (continued)


3.   The Company utilizes collar, swap and put contracts to hedge
     crude oil and natural gas prices.

4.   Income Taxes

     The  Company's provisions for income taxes for the three and
     nine  months ended September 30, 1997 reflect provisions  of
     $12  million and $57 million.  The Company's provisions  for
     income  taxes for the three and nine months ended  September
     30,  1996 reflect provisions of $26 million and $57 million.
     Foreign  income tax provisions included within the Company's
     consolidated  provisions  are  determined  based  upon   the
     appropriate  foreign statutory rates which differ  from  the
     U.S. statutory rate.

     Deferred  income  taxes  are provided  to  reflect  the  tax
     consequences  in  future  periods  of  differences   between
     financial statements and tax basis of assets and liabilities
     at  period  end  in accordance with Statement  of  Financial
     Accounting Standards No. 109, "Accounting for Income  Taxes"
     (SFAS  No. 109).  The remeasurement provisions of  SFAS  No.
     109  have  affected the reported earnings  of  the  Company.
     Earnings  for the three and nine months ended September  30,
     1997  increased  $2  million and $4 million  while  reported
     earnings  for the three and nine months ended September  30,
     1996  were  unaffected.  Management believes that such  non-
     cash  remeasurements distort current period economic results
     and should be disregarded in analyzing the Company's current
     business.   Future  economic results may also  be  distorted
     because  payment  of  the  deferred  tax  liability  is  not
     expected  to  occur in the near-term and it is  likely  that
     exchange   rates  will  fluctuate  prior  to  the   eventual
     settlement of the liability.


5.   Properties, Plants and Equipment

     At  September 30, 1997 and December 31, 1996, the  Company's
     properties,  plants  and equipment; and related  accumulated
     depreciation, depletion and amortization were as follows:
<TABLE>
<CAPTION>
                                  September 30,    December 31,
                                       1997            1996
                                       (Millions of Dollars)
                                  <C>              <C>
<S>
     Gross investment                $ 5,561         $ 5,354
     Less accumulated depreciation,
        depletion and amortization    3,760            3,727
                                    -------          -------
     Net investment                 $ 1,801          $ 1,627
                                    =======          =======
</TABLE>
<PAGE>
<PAGE> 8

                       ORYX ENERGY COMPANY
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                           (continued)


6.   Long-Term Debt

     On  July  3,  1997, the Board of Directors  of  the  Company
     authorized a plan to repurchase up to $50 million of its 7 1/2
     percent Convertible Subordinated Debentures Due 1999 through
     2014.  The purchases, if and when made, will be in the  open
     market  from  time  to time depending on market  conditions.
     There is no specific deadline for the program.


7.   Shareholders' Equity (Deficit)

     Shares   of  the  Company's  preferred  and  common   stocks
     authorized, issued, outstanding and in treasury at September
     30, 1997 and December 31, 1996 were as follows:
<TABLE>
<CAPTION>
                        Authorized Issued Outstanding In Treasury
                                 (Thousands of Shares)
                         <C>      <C>      <C>        <C>
<S>
     September 30, 1997
       Preferred stock     15,000       -         -           -
       Preference stock     7,741       -         -           -
       Common stock       250,000 126,704   105,623    (18,079)

     December 31, 1996
       Preferred stock     15,000       -         -           -
       Preference stock     7,741       -         -           -
       Common stock       250,000 126,704   104,983    (18,719)
</TABLE>

8.   Subsequent Events

     Effective  October 17, 1997, the Company replaced  its  $500
     million  borrowing-base  credit facility  with  a  new  $500
     million  corporate credit facility which matures on  October
     17,  2002. The new credit facility provides the Company with
     increased   financial  flexibility  and   less   restrictive
     covenants, while lowering interest expense.
<PAGE>
<PAGE> 9

                REPORT OF INDEPENDENT ACCOUNTANTS


To the Shareholders and Board of Directors, Oryx Energy Company:


We  have reviewed the accompanying condensed consolidated balance
sheet of Oryx Energy Company and its Subsidiaries as of September
30, 1997, the related condensed consolidated statements of income
for  the three and nine months ended September 30, 1997 and 1996,
and  the related condensed consolidated statements of cash  flows
for  the  nine months ended September 30, 1997 and  1996.   These
financial  statements  are the responsibility  of  the  Company's
management.

We  conducted our review in accordance with standards established
by  the  American Institute of Certified Public  Accountants.   A
review  of interim financial information consists principally  of
applying  analytical  review procedures  to  financial  data  and
making  inquiries  of  persons  responsible  for  financial   and
accounting  matters.  It is substantially less in scope  than  an
audit  conducted  in accordance with generally accepted  auditing
standards, the objective of which is the expression of an opinion
regarding   the   financial  statements   taken   as   a   whole.
Accordingly, we do not express such an opinion.

Based   on   our  review,  we  are  not  aware  of  any  material
modifications  that should be made to the accompanying  condensed
consolidated  financial statements for them to be  in  conformity
with generally accepted accounting principles.

We have previously audited, in accordance with generally accepted
auditing standards, the consolidated balance sheet of Oryx Energy
Company  and  its Subsidiaries as of December 31, 1996,  and  the
related consolidated statements of income and cash flows for  the
year  then ended (not presented herein); and in our report  dated
February  19, 1997, we expressed an unqualified opinion on  those
consolidated   financial  statements.   In   our   opinion,   the
information  set forth in the accompanying condensed consolidated
balance  sheet as of December 31, 1996 is fairly stated,  in  all
material respects, in relation to the consolidated balance  sheet
from which it has been derived.


                              /s/ COOPERS & LYBRAND L.L.P.

Dallas, Texas
November 4, 1997
<PAGE>
<PAGE> 10

Item 2.   Management's  Discussion  and  Analysis  of   Financial
          Condition and Results of Operations

FINANCIAL CONDITION

The  Company's cash and cash equivalents increased by $4  million
over the nine months ended September 30, 1997.  The increase  was
comprised  of  $459  million  of  net  cash  flow  provided  from
operating  activities, $454 million of net  cash  flow  used  for
investing  activities and $1 million of net cash  flow  used  for
financing activities.  The $459 million in net cash flow provided
from  operating activities consisted of $406 million in net  cash
flow provided from operating activities before changes in current
assets  and liabilities and $53 million provided from changes  in
current  assets and liabilities.  The $406 million  in  net  cash
flow provided from operating activities before changes in current
assets and liabilities was primarily impacted by increased  crude
oil  and  U.S.  natural gas volumes, an increase in  natural  gas
prices,  offset in part, by a decrease in crude oil prices.   The
$53  million  of net cash flow provided from changes  in  current
assets  and  liabilities consisted of a $2  million  increase  in
accounts  receivable and other current assets and a  $55  million
increase in accounts payable and accrued liabilities.

The  $454  million in net cash flow used for investing activities
is primarily due to $410 million of capital expenditures.

In  the  fourth quarter of 1995, the Company incurred a  net  $25
million  ($16  million  after-tax)  provision  for  restructuring
comprised  of  a $4 million adjustment to the 1994  restructuring
provision and a $29 million restructuring provision for a plan to
achieve  further  cost  reductions.  For  an  analysis   of   the
restructuring provision, see Note 2 to the Condensed Consolidated
Financial Statements.

During  February  1997, the Financial Accounting Standards  Board
(FASB)  issued Statement of Financial Accounting Standard  (SFAS)
No.   128,  "Earnings  per  Share" and SFAS No. 129, "Disclosure
of Information about Capital Structure," effective for fiscal years
beginning  after December 15, 1997.  The impact of these statements
when  adopted,  will  not be material.  In June  1997,  the  FASB
issued  SFAS No. 130, "Reporting Comprehensive Income," and  SFAS
No. 131, "Disclosures about Segments of an Enterprise and Related
Information," effective for fiscal years beginning after December
15,  1997.  The impact of these statements when adopted, will not
be material.

On July 3, 1997, the Board of Directors of the Company authorized
a  plan  to  repurchase up to $50 million  of  its  7  1/2  percent
Convertible Subordinated Debentures Due 1999 through  2014.   The
purchases, if and when made, will be in the open market from time
to  time  depending on market conditions.  There is  no  specific
deadline for the program.
<PAGE>
<PAGE> 11

Item 2.   Management's  Discussion  and  Analysis  of   Financial
          Condition and Results of Operations - continued


FINANCIAL CONDITION (continued)

Effective October 17, 1997, the Company replaced its $500 million
borrowing-base credit facility with a new $500 million  corporate
credit facility which matures on October 17, 2002. The new credit
facility   provides   the   Company  with   increased   financial
flexibility  and  less  restrictive  covenants,  while   lowering
interest expense.


RESULTS OF OPERATIONS - NINE MONTHS

The  Company's net income for the nine months ended September 30,
1997  was  $131 million, or $1.24 per share, as compared  to  net
income  of  $100  million, or $.95 per share for the  first  nine
months  of 1996.  Revenues for the nine months were $896  million
in  1997  versus $789 million in 1996.  Year-to-date results  for
1997  include a $3 million net loss on the sale of assets,  a  $5
million  benefit associated with a change in the U.K. income  tax
rate  and  a  $4  million benefit from remeasurement  of  foreign
deferred taxes.

Average worldwide net production of crude oil and condensate  for
the nine months ended September 30, 1997 was 116 thousand barrels
daily  compared  to average net production for  the  nine  months
ended  September 30, 1996 of 103 thousand barrels daily.  Average
net  production  of  crude  oil and condensate  was  46  thousand
barrels daily in the United States and 70 thousand barrels  daily
from foreign locations during the nine months ended September 30,
1997,  compared to 43 thousand barrels daily in the United States
and  60 thousand barrels daily from foreign locations during  the
nine  months ended September 30, 1996.  The worldwide  crude  oil
and condensate price for the first nine months of 1997 was $18.58
per  barrel  compared to $18.75 per barrel  for  the  first  nine
months of 1996.
<PAGE>
<PAGE> 12

Item 2.   Management's  Discussion  and  Analysis  of   Financial
          Condition and Results of Operations - continued


RESULTS OF OPERATIONS - NINE MONTHS (continued)

Average  worldwide net production of natural gas was 508  million
cubic  feet daily for the nine months ended September  30,  1997,
compared  to  487  million cubic feet in the  nine  months  ended
September  30, 1996.  Average net production of natural  gas  was
497  million cubic feet daily in the United States and 11 million
cubic feet daily from the United Kingdom in the first nine months
of  1996, compared to 479 million cubic feet daily in the  United
States  and  8 million cubic feet daily in the United Kingdom  in
the  first  nine months of 1996.  The worldwide price of  natural
gas  for  the  first nine months of 1997 and 1996 was  $2.35  and
$2.01 per thousand cubic feet.


RESULTS OF OPERATIONS - THREE MONTHS

The  Company  reported  net income of $42 million,  or  $.40  per
share, for the quarter ended September 30, 1997, compared to  net
income  of  $40 million, or $.38 per share, for the same  quarter
last year.  Revenues for the 1997 third quarter were $287 million
versus $289 million for the 1996 third quarter.

The  1997  third  quarter includes a $2 million benefit  for  the
remeasurement of foreign deferred taxes and a $2 million  benefit
primarily  from  a  change  in the  U.K.  income  tax  rate.   By
comparison, the 1996 third quarter included $8 million  resulting
from insurance refunds.

Compared  to  the  same quarter last year, worldwide  oil  prices
decreased  by  $1.75  per  barrel and  U.S.  natural  gas  prices
increased by $.17 per mcf.  Crude oil volumes increased by  8,000
barrels  per day, or 7 percent, and natural gas volumes decreased
14 million cubic feet per day.

The  Company  anticipates  a  much  higher  rate  of  exploration
activity  in the fourth quarter, which could translate to  higher
dry  hole  expense than the current quarter.  However,  currently
higher  oil and gas prices are expected to more then offset  this
additional expense.

Average worldwide net production of crude oil and condensate  for
the  three  months  ended September 30,  1997  was  117  thousand
barrels  daily compared to average net production for  the  three
months  ended  September 30, 1996 of 109 thousand barrels  daily.
Average  net  production  of  crude oil  and  condensate  was  49
thousand  barrels  daily  in the United States  and  68  thousand
barrels  daily  from foreign locations during  the  three  months
ended  September 30, 1997, compared to 42 thousand barrels  daily
in the United States and 67 thousand
<PAGE>
<PAGE> 13

Item 2.   Management's  Discussion  and  Analysis  of   Financial
          Condition and Results of Operations - continued


RESULTS OF OPERATIONS - THREE MONTHS (continued)

barrels  daily  from foreign locations in the  third  quarter  of
1996.   The worldwide crude oil and condensate price in the third
quarter  of  1997 was $18.01 per barrel compared  to  $19.76  per
barrel in the third quarter of 1996.

Average  worldwide net production of natural gas was 488  million
cubic  feet daily for the three months ended September 30,  1997,
compared  to  502  million cubic feet daily in the  three  months
ended September 30, 1996.  Average net production of natural  gas
was  475  million cubic feet daily in the United  States  and  13
million  cubic feet daily from the United Kingdom  in  the  third
quarter of 1997, compared to 494 million cubic feet daily in  the
United  States  and 8 million cubic feet daily  from  the  United
Kingdom  in  the  third quarter of 1996. The worldwide  price  of
natural  gas for the third quarter of 1997 was $2.22 per thousand
cubic feet compared to $2.05 per thousand cubic feet in the third
quarter of 1996.
<PAGE>
<PAGE> 14
                             PART II
                                
                        OTHER INFORMATION



Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibits:

                     10   Oryx   Energy   Company   $500,000,000
                          Revolving Credit and Competitive  Bid
                          Facility dated October 17, 1997.

                     12   Computation  of Consolidated  Ratio  of
                          Earnings to Fixed Charges and Earnings
                          to Fixed Charges and Preferred Stock
                          Dividend Requirements.

                     15   Accountant's    letter     regarding
                          unaudited interim financial information.

                     27   Financial Data Schedule.


          (b)  Reports on Form 8-K:

               The Company did not file any reports on Form
               8-K during the quarter ended September 30, 1997.
<PAGE>
<PAGE> 15
                            SIGNATURE



Pursuant  to the requirements of the Securities Exchange  Act  of
1934, the registrant has duly caused this report to be signed  on
its behalf by the undersigned thereunto duly authorized.


     ORYX ENERGY COMPANY





BY   /s/ E. W. Moneypenny
     E. W. Moneypenny
     (Executive Vice President, Finance and
      Chief Financial Officer)



DATE:   November 4, 1997
<PAGE>