<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         June 30, 1998

                               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 July 31, 1998 was 106,235,079.
<PAGE>
Page 2
                       ORYX ENERGY COMPANY
                                
                                
                              INDEX

<TABLE>

                                                                Page
<S>      <C>                                                    <C>
PART I.  FINANCIAL INFORMATION

  Item 1. Financial Statements

         Condensed Consolidated Statements of Income for the
         Three and Six Months Ended June 30,  1998  and  1997....  3

         Condensed Consolidated Balance Sheets at June 30,
         1998 and December 31, 1997..............................  4

         Condensed Consolidated Statements of Cash Flows for
         the Six Months Ended June 30, 1998 and 1997.............  5

         Notes to Condensed Consolidated Financial Statements....  6

         Report of Independent Accountants....................... 10

   Item 2. Management's Discussion and Analysis of Financial
           Condition and Results of Operations................... 11


PART II. OTHER INFORMATION

  Item 4. Submission of Matters to a Vote of Security Holders.... 14

  Item 6. Exhibits and Reports on Form 8-K....................... 15

SIGNATURE........................................................ 16
<PAGE>
Page 3

                             PART I
                      FINANCIAL INFORMATION

</TABLE>
<TABLE>
<CAPTION>

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


                              For the Three Months   For the Six Months
(Millions of Dollars, Except     Ended June 30         Ended June 30
Per Share Amounts)               1998     1997         1998     1997
                                          (Unaudited)
<S>                             <C>     <C>            <C>     <C>
Revenues
  Oil and gas                   $ 204    $ 276         $ 419   $ 618
  Other                             9       (2)           17      (9)
                                -----    -----         -----   -----
                                  213      274           436     609
                                -----    -----         -----   -----
Costs and Expenses
  Operating costs                  53       67           109     136
  Production taxes                 12       41            23      80
  Exploration costs                20       17            69      31
  Depreciation, depletion and
    amortization                   72       74           142     153
  General and administrative
    expense                        14       15            27      30
  Interest and debt expense        29       28            56      55
  Interest capitalized             (6)      (3)          (11)     (8)
                                -----    -----         -----   -----
                                  194      239           415     477
                                -----    -----         -----   -----
Income Before Provision for
  Income Taxes                     19       35            21     132
Provision for Income Taxes 
  (Note 3)                          4       10             2      45
Remeasurement of Foreign Deferred
  Tax (Note 3)                     (1)       2             -      (2)
                                -----    -----          -----  -----
Net Income                       $ 16     $ 23          $ 19    $ 89
                                =====    =====          =====  =====

Basic Net Income Per Share of
 Common Stock (Note 4)           $.15     $.22          $.18    $.85
                                =====    =====          =====  =====
Diluted Net Income Per Share of
   Common Stock (Note 4)         $.15     $.22          $.18    $.84
                                =====    =====          =====  =====

Weighted Average Number of 
  Common Shares Outstanding 
  (in millions)                 106.2    105.4         106.1   105.3
                                =====    =====         =====   =====
<FN>
                    (See Accompanying Notes)
</TABLE>
<PAGE>
Page 4

ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

                                          June 30    December 31
(Millions of Dollars)                       1998         1997
                                         (Unaudited)
<S>                                      <C>         <C>
Assets

Current Assets
  Cash and cash equivalents                $  11       $   10
  Accounts receivable and
    other current assets                     228          228
                                         -------     --------
Total Current Assets                         239          238
Properties, Plants and Equipment (Note 5)  1,971        1,811
Deferred Charges and Other Assets             59           59 
                                         -------     --------
Total Assets                              $2,269       $2,108
                                         =======      =======

Liabilities and Shareholders' Equity

Current Liabilities
  Accounts payable                         $ 147       $  121
  Accrued liabilities                        230          257
  Current portion of long-term debt           19            4
                                         -------      -------
Total Current Liabilities                    396          382
Long-Term Debt                             1,319        1,184
Deferred Income Taxes                        249          235
Deferred Credits and Other Liabilities       121          150
Shareholders' Equity (Note 6)
  Common stock, par value $1 per share       124          124
  Additional paid-in capital               1,821        1,821
  Accumulated deficit                       (728)        (740)
                                         -------      -------
                                           1,217        1,205

  Less: Common stock in treasury, at cost   (939)        (952)
        Loan to ESOP                         (94)         (96)
                                         -------      -------
Shareholders' Equity                         184          157
                                         -------      -------
Total Liabilities and 
  Shareholders' Equity                    $2,269       $2,108
                                         =======      =======
<FN>

The successful efforts method of accounting is followed.

                    (See Accompanying Notes)
</TABLE>
<PAGE>
Page 5


ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                              For the Six Months
                                                 Ended June 30
(Millions of Dollars)                            1998      1997
                                                   (Unaudited)
<S>                                              <C>       <C>
Cash and Cash Equivalents From Operating Activities
  Net income                                     $  19     $  89
  Adjustments to reconcile net income to net
    cash from operating activities:
     Depreciation, depletion and amortization      142       153
     Dry hole costs and leasehold impairment        35        10
     Gain on sale of assets, net of taxes          (13)        -
     Deferred income taxes                          12        16
     Remeasurement of foreign deferred tax           -        (2)
     Other                                          (1)        5
                                                 -----     -----
                                                   194       271

     Changes in working capital:
       Accounts receivable and other 
         current assets                              -        31
       Accounts payable and accrued liabilities    (11)      (15)
                                                 -----     -----

Net Cash Flow Provided From Operating Activities   183       287
                                                 -----     -----
Investing Activities
  Capital expenditures                            (331)     (238)
  Proceeds from divestments, net of current taxes   13         1
  Other                                            (16)      (42)
                                                 -----     -----
Net Cash Flow Used For Investing Activities       (334)     (279)
                                                 -----     -----
Financing Activities
  Proceeds from borrowings                         176       105
  Repayments of long-term debt                     (27)     (122)
 Proceeds from sale of treasury stock                3         6
                                                 -----     -----
Net Cash Flow Provided From (Used For)
   Financing Activities                            152       (11)
                                                 -----     -----
Changes In Cash and Cash Equivalents                 1        (3)
Cash and Cash Equivalents at Beginning of Period    10         9
                                                 -----     -----
Cash and Cash Equivalents at End of Period        $ 11       $ 6
                                                 =====     =====
<FN>

                    (See Accompanying Notes)
</TABLE>
<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,  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 six months ended June 30, 1998 are  not
     necessarily  indicative of the results  for  the  full  year
     1998.  Certain items in the period ended June 30, 1997  have
     been reclassified to conform to the 1998 presentation.

     The   Company  adopted  Statement  of  Financial  Accounting
     Standards  (SFAS) No. 128, "Earnings per Share,"   effective
     January  1, 1997.  As a result, earnings per share  for  the
     three  and six months ended June 30, 1997 have been restated
     to conform to the provisions of this statement. In addition,
     the  Company  adopted SFAS No. 130, "Reporting Comprehensive
     Income,"  effective  January 1, 1998.   Total  comprehensive
     income  and net income are identical for the three  and  six
     months ended June 30, 1998.

     In  June  1998,  the  Financial Accounting  Standards  Board
     (FASB)  issued  SFAS  No.  133, "Accounting  for  Derivative
     Instruments  and Hedging Activities," effective  for  fiscal
     years beginning after June 15, 1999. SFAS 133 requires  that
     all  derivative instruments be recorded on the balance sheet
     at  their  fair value and net gains and losses on derivative
     instruments be recognized initially in comprehensive income.
     The  Company  has  not yet determined the  impact  that  the
     adoption  of SFAS 133 will have on its earnings or statement
     of financial position.
     

     Statements of Cash Flows

     Amounts paid for interest and income taxes were as follows:
<TABLE>
<CAPTION>
                                      Six Months Ended June 30
                                          1998     1997
                                      (Millions of Dollars)
<S>                                      <C>      <C>
            Interest paid (net of capitalized
              amounts)                   $  36    $  58
            Income taxes paid            $   1    $  41

</TABLE>

<PAGE>
Page 7


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




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.

     The  costs  of  the  1995  restructuring  were  complete  at
     December 31, 1996 except for costs associated with an office
     lease obligation which existed prior to the commitment  date
     that has no economic benefit to the Company. During the  six
     months  ended June 30, 1998, $1 million of costs  associated
     with  this  lease were incurred, and at June  30,  1998,  $9
     million of this provision remains.
     


3.   Income Taxes

     The  Company's provisions for income taxes for the three and
     six  months  ended  June 30, 1998 were  $4  million  and  $2
     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 months ended June 30, 1998 increased
     $1 million while earnings for the three and six months ended
     June  30, 1997 decreased $2 million and increased $2 million
     from such remeasurement.  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.

<PAGE>
Page 8

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

4.   Net Income Per Share

     Following   is  a  reconciliation  of  the  numerators   and
     denominators  of  the basic and diluted earnings  per  share
     (EPS)  computations for the three and six months ended  June
     30, 1998 and 1997 (in millions of dollars and shares, except
     per share amounts).

<TABLE>
<CAPTION>
                                   Three Months     Six Months
                                   Ended June 30  Ended June 30
                                    1998    1997   1998    1997
<S>                                <C>     <C>    <C>     <C>
     Basic EPS:
       Numerator, Net Income       $  16   $  23  $  19   $  89
    Denominator, Common Shares
        Outstanding                106.2   105.4  106.1   105.3
                                   -----   -----  -----   -----
     Basic EPS                     $ .15   $ .22  $ .18   $ .85
                                   =====   =====  =====   =====

     Diluted EPS:
       Numerator, Net Income       $  16   $  23  $  19   $  89
       Potential Common Shares:
          Debentures*                  -       -      -       -
                                   -----   -----  -----   -----
       Total Net Income            $  16   $  23  $  19   $  89
                                   -----   -----  -----   -----
    Denominator, Common Shares
        Outstanding                106.2   105.4  106.1   105.3
        Potential Common Shares:
        Common  Stock  Options**      .3      .3     .4      .4
        Debentures*                    -       -      -       -
                                   -----   -----  -----   -----
        Total                      106.5   105.7  106.5   105.7
                                   -----   -----  -----   -----
     Diluted  EPS                  $ .15   $ .22  $ .18   $ .84
                                   =====   =====  =====   =====
</TABLE>

          *     The  Company  has  reserved 5,111,438  shares  of
          Common  Stock for issuance to the owners of  its  7 1/2%
          Convertible    Subordinated   Debentures    due    2014
          (Debentures). The Debentures were not included  in  the
          computation of diluted shares since they have an  anti-
          dilutive effect for all periods presented.

          **    Common Stock options to purchase 2.3 million  and
          2.4 million shares of Common Stock were outstanding but
          not  included in the computation of diluted EPS for the
          three  months ended June 30, 1998 and 1997  and  Common
          Stock  options to purchase 2.3 million shares of Common
          Stock   were  outstanding  but  not  included  in   the
          computation  of  diluted EPS for the six  months  ended
          June  30,  1998  and 1997 because the various  exercise
          prices  of  the options were greater than  the  average
          market price of the common shares.
<PAGE>
Page 9

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



5.   Properties, Plants and Equipment

     At  June  30,  1998  and December 31,  1997,  the  Company's
     properties,  plants  and equipment; and related  accumulated
     depreciation, depletion and amortization were as follows:
<TABLE>
<CAPTION>
                                           June 30   December 31
                                             1998        1997
                                           (Millions of Dollars)
<S>                                        <C>       <C>  
          Gross investment .................$5,915   $5,626
          Less accumulated depreciation,
            depletion and amortization ..... 3,944    3,815
                                            ------   ------
          Net investment ...................$1,971   $1,811
                                            ======   ======
</TABLE>

6.   Shareholders' Equity

     Shares   of  the  Company's  preferred  and  common   stocks
     authorized, issued, outstanding and in treasury at June  30,
     1998 and December 31, 1997 were as follows:

<TABLE>
<CAPTION>
                                                                In
                         Authorized   Issued   Outstanding   Treasury
                                  (Thousands of Shares)
<S>                      <C>          <C>      <C>           <C>     
     June 30, 1998
      Preferred stock       15,000        -             -           -
      Preference stock       7,741        -             -           -
      Common stock         250,000  126,704       106,232     (17,470)
     December 31, 1997
      Preferred stock       15,000        -             -           -
      Preference stock       7,741        -             -           -
      Common stock         250,000  126,704       105,982     (17,720)

</TABLE>

7.   Subsequent Event

     On  July 28, 1998, in response to the current low oil  price
     environment,  the  Company announced its intention  to  sell
     approximately $35 million of its U.S. onshore properties and
     to  reduce  payroll  related expenses  by  approximately  20
     percent.  Reductions are being made primarily  in  the  U.S.
     onshore  and  staff groups.  A special reserve for  employee
     terminations will be established during the third quarter of
     1998.
<PAGE>
Page 10

                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 June  30,
1998, the related condensed consolidated statements of income for
the  three and six months ended June 30, 1998 and 1997,  and  the
related  condensed consolidated statements of cash flows for  the
six  months  ended  June  30,  1998 and  1997.   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 as of December
31,  1997, and the related consolidated statements of income  and
cash flows for the year then ended (not presented herein); and in
our  report  dated February 17, 1998, 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,  1997,  is  fairly
stated, in all material respects, in relation to the consolidated
balance sheet from which it has been derived.


                                    /s/PricewaterhouseCoopers LLP


Dallas, Texas
August 10, 1998
<PAGE>
Page 11


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 $1  million
over  the  six  months  ended June 30, 1998.   The  increase  was
comprised  of  $183  million  of  net  cash  flow  provided  from
operating  activities, $334 million of net  cash  flow  used  for
investing  activities and $152 million of net cash flow  provided
from  financing activities.  The $183 million in  net  cash  flow
provided  from operating activities consisted of $194 million  in
net  cash flow provided from operating activities before  changes
in  current  assets  and liabilities and  $11  million  used  for
changes  in current assets and liabilities.  The $194 million  in
net  cash flow provided from operating activities before  changes
in current assets and liabilities was primarily impacted by lower
revenues,  particularly from lower crude  oil  prices.   The  $11
million  of net cash flow used for changes in current assets  and
liabilities consisted of an $11 decrease in accounts payable  and
accrued liabilities.

The  $334  million in net cash flow used for investing activities
and  the  $152  million in net cash flow provided from  financing
activities  are  primarily due to cash uses of $331  million  for
capital expenditures and $149 million from net increases in debt.
The increases in debt are primarily due to lower crude oil prices
in the first six months of 1998.

As  of  July  24,  1998,  the Company  has  entered  into  collar
agreements  to hedge approximately 22 percent of its  1998  crude
production  at  an  average  floor price  of  $18.20  West  Texas
Intermediate  (WTI) per barrel and an average  ceiling  price  of
$19.25 WTI per barrel.  Approximately 43 percent of its estimated
1998  U.S.  gas production is hedged using collars at an  average
floor  price  of  $2.25 Henry Hub (HH) per mmbtu and  an  average
ceiling price of $2.40 HH per mmbtu.

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. See Note 2  to  the  Condensed
Consolidated Financial Statements.

In  June  1998, the Financial Accounting Standards  Board  (FASB)
issued  SFAS No. 133, "Accounting for Derivative Instruments  and
Hedging  Activities," effective for fiscal years beginning  after
June  15, 1999. SFAS 133 requires that all derivative instruments
be  recorded  on the balance sheet at their fair  value  and  net
gains   and   losses  on  derivative  instruments  be  recognized
initially  in  comprehensive income.  The  Company  has  not  yet
determined the impact that the adoption of SFAS 133 will have  on
its earnings or statement of financial position.

On  July  28,  1998,  in response to the current  low  oil  price
environment,  the  Company  announced  its  intention   to   sell
approximately $35 million of its U.S. onshore properties  and  to
reduce  payroll  related  expenses by approximately  20  percent.
Reductions  are being  made primarily  in the  U.S. onshore   and
staff

<PAGE>
Page 12


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


FINANCIAL CONDITION (continued)

groups.   A  special  reserve for employee terminations  will  be
established  during  the  third quarter  of  1998.   The  Company
previously announced its intention to reduce its 1998 exploration
and development investment plans by approximately 17 percent.


RESULTS OF OPERATIONS - SIX MONTHS

The  Company's net income for the six months ended June 30,  1998
was $19 million, or $.18 per share, as compared to net income  of
$89  million, or $.85 per share for the first six months of 1997.
Revenues for the six months were $436 million in 1998 versus $609
million in 1997.

Average worldwide net production of crude oil and condensate  for
the six months ended June 30, 1998 was 107 thousand barrels daily
compared to average net production for the six months ended  June
30,  1997  of 115 thousand barrels daily.  Average net production
of  crude oil and condensate was 46 thousand barrels daily in the
United   States  and  61  thousand  barrels  daily  from  foreign
locations during the six months ended June 30, 1998, compared  to
43  thousand  barrels daily in the United States and 72  thousand
barrels daily from foreign locations during the six months  ended
June 30, 1997.  The worldwide crude oil and condensate price  for
the  first  six months of 1998 was $13.74 per barrel compared  to
$18.87 per barrel for the first six months of 1997.

Average  worldwide net production of natural gas was 396  million
cubic feet daily for the six months ended June 30, 1998, compared
to  519 million cubic feet in the six months ended June 30, 1997.
The  reduction in U.S. natural gas production resulted  primarily
from  field  declines, lower than expected drilling  results  and
performance issues at certain fields.  Average net production  of
natural gas was 383 million cubic feet daily in the United States
and  13  million cubic feet daily from the United Kingdom in  the
first  six  months  of 1998, compared to 509 million  cubic  feet
daily in the United States and 10 million cubic feet daily in the
United  Kingdom  in the first six months of 1997.  The  worldwide
price  of natural gas for the first six months of 1998 was  $2.14
per thousand cubic feet compared to $2.41 per thousand cubic feet
for the first six months of 1997.


RESULTS OF OPERATIONS - THREE MONTHS

The  Company's net income for the quarter ended June 30, 1998 was
$16  million, or $.15 per share, as compared to net income of $23
million,  or  $.22  per  share for the same  quarter  last  year.
Revenues  for  the 1998 second quarter were $213  million  versus
$274 million for the 1997 second quarter.

The  1998 second quarter includes an $8 million net gain  on  the
sale  of assets and a $1  million benefit  for  remeasurement  of
foreign  deferred  taxes.  By
<PAGE>
Page 13


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


RESULTS OF OPERATIONS - THREE MONTHS (continued)

comparison, the 1997 second quarter included a $2 million  charge
for remeasurement of foreign deferred taxes.

Compared  to  the  same quarter last year,  worldwide  crude  oil
prices  decreased  by $4.78 per barrel, or 27 percent,  and  U.S.
natural gas prices increased by $.06 per thousand cubic feet,  or
3 percent.  Crude oil volumes decreased by 3 thousand barrels per
day  and natural gas volumes decreased 117 million cubic feet per
day.   The  reduction  in  U.S. natural gas  production  resulted
primarily  from  field  declines, lower  than  expected  drilling
results and performance issues at certain fields.

Comparing  the  second quarter with the same quarter  last  year,
total  costs  improved  by  $1.16 per  equivalent  barrel.   U.K.
production  taxes were lower primarily due to lower  oil  prices.
In  addition,  operating costs were reduced  through  lower  cost
production  from Neptune and continued cost savings  achieved  in
the U.K.

Average worldwide net production of crude oil and condensate  for
the  three  months  ended June 30, 1998 was 108 thousand  barrels
daily  compared  to average net production for the  three  months
ended  June 30, 1997 of 111 thousand barrels daily.  Average  net
production  of  crude oil and condensate was 45 thousand  barrels
daily  in  the United States and 63 thousand barrels  daily  from
foreign  locations during the three months ended June  30,  1998,
compared to 46 thousand barrels daily in the United States and 65
thousand  barrels  daily  from foreign locations  in  the  second
quarter of 1997.  The worldwide crude oil and condensate price in
the  second  quarter  of 1998 was $13.05 per barrel  compared  to
$17.83 per barrel in the second quarter of 1997.

Average  worldwide net production of natural gas was 397  million
cubic  feet  daily  for  the three months ended  June  30,  1998,
compared  to  514  million cubic feet daily in the  three  months
ended  June 30, 1997.  Average net production of natural gas  was
385  million cubic feet daily in the United States and 12 million
cubic feet daily from the United Kingdom in the second quarter of
1998,  compared  to 505 million cubic feet daily  in  the  United
States and 9 million cubic feet daily from the United Kingdom  in
the  second quarter of 1997.  The worldwide price of natural  gas
for  the second quarter of 1998 was $2.12 per thousand cubic feet
compared  to $2.06 per thousand cubic feet in the second  quarter
of 1997.
<PAGE>
Page 14

                             PART II
                                
                        OTHER INFORMATION


Item 4.  Submission of Matters to a Vote of Security Holders

     On  May 7, 1998, the Annual Meeting of Shareholders of  Oryx
     Energy Company was held to vote on proposals as follows:

<TABLE>
<CAPTION>

               (a)   To  elect three directors to Class I of  the
               Company's Board of Directors.
<S>       <C>             <C>               <C>             <C>          
                              David C.       Robert B.       Charles H.
                          Genever-Watling     Gill           Pistor, Jr.

          Affirmative       88,480,874      88,442,263       88,363,452
          Negative                   -               -                -
          Abstained                  -               -                -
          Withheld           1,076,363       1,114,974        1,193,785
          Broker non-votes           -               -                -
          Shares without
             executed
             proxies
             and not
             present
             for vote       16,555,912      16,555,912       16,555,912
                           -----------     -----------      -----------
          Shares entitled
             to vote       106,113,149     106,113,149      106,113,149
                           ===========     ===========      ===========
</TABLE>

<TABLE>
<CAPTION>

               (b)   To  approve  the appointment  of  Coopers  &
               Lybrand L.L.P. as independent accountants for  the
               fiscal year 1998.
<S>       <C>                           <C>
          Affirmative                    88,851,350
          Negative                          363,677
          Abstained                         342,210
          Withheld                                -
          Broker non-votes                        -
          Shares without executed
             proxies and not present
             for vote                    16,555,912
                                        -----------
          Shares entitled to vote       106,113,149
                                        ===========  
<PAGE>
Page 15

                             PART II
                                
                  OTHER INFORMATION - Continued


Item 6.  Exhibits and Reports on Form 8-K

       (a) Exhibits:

               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 for the year ended June
                   30, 1998.


             27.1  Restated Financial Data Schedule for the year
                   ended June 30, 1997.


          *   Attached as page 18 to the Form 10-Q.


         (b)  Reports on Form 8-K:
 
              The  Company  did  not file any reports  on  Form  8-K
              during the quarter ended June 30, 1998.
<PAGE>
Page 16

                            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: August 13, 1998
<PAGE>

</TABLE>