<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, 1996

                               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, 1996 was 104,834,408.
<PAGE>
                       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, 1996 and 1995                   3

               Condensed Consolidated Balance Sheets at
               September 30, 1996 and December 31, 1995      4

               Condensed Consolidated Statements of Cash
               Flows for the Nine Months Ended
               September 30, 1996 and 1995                   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 Operations11


PART II. OTHER INFORMATION

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



SIGNATURE                                                   16
<PAGE>
                             PART I
                      FINANCIAL INFORMATION

Item 1.  Financial Statements
ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   For the Three Months  For the Nine Months
(Millions of Dollars,               Ended September 30    Ended September 30
Except per Share Amounts)              1996     1995        1996     1995
                                                  (Unaudited)
Revenues
  Oil and gas (Note 2)                $ 293    $ 217       $ 797   $  788
  Other                                  (4)     128          (8)     135
                                      -----    -----       -----    -----
                                        289      345         789      923
                                      -----    -----       -----    -----
Costs and Expenses
  Operating costs                        58       74         173      256
  Production taxes                       41       17         103       85
  Exploration costs                      16       14          41       40
  Depreciation, depletion
    and amortization                     71       66         200      212
  General and administrative
    expense                              14       15          43       49
  Interest and debt
    expense                              28       33          84      112
  Interest capitalized                   (5)      (3)        (12)      (7)
                                      -----    -----       -----    -----
                                        223      216         632      747
                                      -----    -----       -----    -----
Income Before Extraordinary
  Item and Provision for
  Income Taxes                           66      129         157      176
Provision for Income
  Taxes (Note 4)                         26       21          57       29
Remeasurement of Foreign
  Deferred Tax (Note 4)                   -        -           -        1
                                      -----    -----       -----    -----
Income Before Extraordinary
  Item                                   40      108         100      146
Extraordinary Item                        -       (1)          -      (15)
                                      =====    =====       =====    =====
Net Income                            $  40    $ 107       $ 100    $ 131

Net Income Per Share of Common Stock:
  Before extraordinary
    item                              $ .38    $1.04       $ .95   $ 1.44
  Extraordinary item                      -     (.01)         -      (.15)
                                      -----    -----       -----    ----- 
  Net income                          $ .38    $1.03       $ .95   $(1.29)
                                      =====    =====       =====   ======

Weighted Average Number
  of Common Shares
  Outstanding
  (in millions)                       105.1    103.6       104.9   101.7
                                      =====    =====       =====   =====
                                
                    (See Accompanying Notes)
<PAGE>
ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
                                   September 30    December 31
(Millions of Dollars)                  1996            1995
                                   (Unaudited)
Assets

Current Assets
  Cash and cash equivalents          $    7          $   20
  Accounts receivable and other
    current assets                      188             161
                                     ------          ------
Total Current Assets                    195             181
Properties, Plants and Equipment
  (net) (Note 5)                      1,615           1,426
Deferred Charges and Other Assets        64              59
                                     ------          ------
Total Assets                         $1,874          $1,666
                                     ======          ======
Liabilities and Shareholders' Deficit
Current Liabilities
  Accounts payable                   $  131          $  106
  Accrued liabilities                   321             196
  Current portion of long-term debt      15             152
                                     ------          ------
Total Current Liabilities               467             454
Long-Term Debt (Note 6)               1,098           1,051
Deferred Income Taxes                   256             207
Deferred Credits and Other
  Liabilities                           157             163
Shareholders' Deficit (Note 7)
  Common stock, par value $1 per
    share                               124             124
  Additional paid-in capital          1,821           1,821
  Accumulated deficit                  (956)         (1,051)
                                     ------          ------
                                        989             894

  Less common stock in treasury,
    at cost                            (994)         (1,004)
  Loan to ESOP                          (99)            (99)
                                     ------          ------
Shareholders' Deficit                  (104)           (209)
                                     ------          ------
Total Liabilities and Shareholders'
  Deficit                            $1,874          $1,666
                                     ======          ======

The successful efforts method of accounting is followed.

                    (See Accompanying Notes)
<PAGE>
ORYX ENERGY COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                             For the Nine Months
                                              Ended September 30
(Millions of Dollars)                         1996         1995
                                                  (Unaudited)
Cash and Cash Equivalents From Operating
  Activities
Net income                                  $  100       $  131
  Adjustments to reconcile net income
    to net cash from operating activities:
      Depreciation, depletion and
        amortization                           200          212
      Dry hole costs and leasehold impairment   15           15
      Gain (loss) on sale of assets, 
        net of taxes                             1         (149)
      Deferred income taxes                     37           48
      Extraordinary item                         -           15
      Other                                      8            7
                                            ------       ------
                                               361          279
  Changes in working capital:
    Accounts receivable and other current
      assets                                   (29)           6
    Accounts payable and accrued
      liabilities                              153          (77)
                                            ------       ------
Net Cash Flow Provided From Operating
  Activities                                   485          208
                                            ------       ------
Investing Activities
  Capital expenditures                        (394)        (192)
  Proceeds from divestments, net of current
    taxes                                        4          384
  Other                                        (19)          (9)
                                            ------       ------
Net Cash Flow Provided From(Used For)
  Investing Activities                        (409)         183
                                            ------       ------

Financing Activities
  Proceeds from borrowings                     177           30
  Repayments of long-term debt                (266)        (419)
                                            ------       ------
Net Cash Flow Used For
  Financing Activities                         (89)        (389)
                                            ------       ------
Changes In Cash and Cash Equivalents           (13)           2
Cash and Cash Equivalents at Beginning
  of Period                                     20           10
                                            ------       ------
Cash and Cash Equivalents at End of Period  $    7       $   12
                                            ======       ======

                    (See Accompanying Notes)
<PAGE>
                       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,  1996 are not necessarily indicative  of  the
     results for the full year 1996.

     Statements of Cash Flows

     Amounts paid for interest and income taxes were as follows:

                                   Nine Months Ended September 30
                                        1996           1995
     (Millions of Dollars)
          Interest paid (net of
            capitalized amounts)       $  74          $ 116
          Income taxes paid            $   2          $   4

     In   accordance  with  Statement  of  Financial   Accounting
     Standards  No.  95,  "Statement  of  Cash  Flows,"  non-cash
     transactions  are  not  reflected  within  the  accompanying
     Condensed Consolidated Statements of Cash Flows.


2.   Property Acquisition

     On  July  30,  1996,  the Company announced  its  agreement,
     effective   July  1,  1996,  to  acquire  all  of  Chevron's
     interests in the Ninian, Hutton, Lyell and Murchison  fields
     as well as Columba and surrounding acreage in the U.K. North
     Sea  for $140 million and assign 35 percent of the interests
     to Ranger Oil Limited. Oryx operates three of the fields and
     expects to become operator of Ninian.  The Company plans  to
     fund  its share of the acquisition with internally generated
     cash  flow and, therefore, does not anticipate any permanent
     increase  in  its  total  debt  level.   The  purchase   was
     subsequently completed on October 29, 1996.
<PAGE>
                       ORYX ENERGY COMPANY
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                           (continued)


3.   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:
                                 1996     1996     1996
                      Balance   First    Second   Third   Balance
                         at    Quarter  Quarter  Quarter     at
                      12/31/95 Activity Activity Activity 9/30/96
                                 (Millions of Dollars)
     Termination and
       associated costs* $ 9      $ 1      $ 6       $ 1    $ 1
     Office lease
       obligation**       14        1        1        (2)*** 14
                         ---      ---      ---       ---    ---
        Total            $23      $ 2      $ 7       $(1)   $15
                         ===      ===      ===       ===    ===


           *      Termination  and  associated  cash  costs   are
           primarily  comprised of severance pay  and  associated
           employee   benefit  costs  for  250  operational   and
           administrative  employees.   Management   expects   to
           complete such payments by the end of 1997.

           **     Represents  contractual  obligations   existing
           prior  to the commitment date that will continue  with
           no economic benefit to the Company.

           ***   Includes  $3  million  additional  liability  to
           adjust   for  the  absence  of  previously   estimated
           sublease rental income.

     The  costs  of  the  1994 restructuring  were  substantially
     complete  at  12/31/95.   As  a  result  of  $1  million  of
     termination payments made during the first quarter of  1996,
     costs of the 1994 restructuring were completed.
<PAGE>
                       ORYX ENERGY COMPANY
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                           (continued)


4.   Income Taxes

     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.  The Company's provisions  for
     income  taxes for the three and nine months ended  September
     30,  1995 reflect provisions of $21 million and $29 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.

     The  remeasurement  provisions  of  Statement  of  Financial
     Accounting Standards No. 109, "Accounting for Income  Taxes"
     (SFAS  No. 109) require the Company to remeasure its foreign
     currency  denominated  deferred tax liabilities  at  current
     exchange  rates.  The reported earnings of the  Company  for
     the  three  and  nine months ended September 30,  1996  were
     unaffected  while reported earnings for the three  and  nine
     months   ended  September  30,  1995  were  unaffected   and
     decreased  $1 million from such remeasurements.   Management
     believes that such non-cash remeasurement credits and debits
     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, 1996 and December 31, 1995, the  Company's
     properties,  plants  and equipment; and related  accumulated
     depreciation, depletion and amortization were as follows:

                                  September 30,    December 31,
                                       1996            1995
                                       (Millions of Dollars)
     Gross investment                $ 5,435         $ 5,133
     Less accumulated depreciation,
        depletion and amortization     3,820           3,707
                                     -------         -------
     Net investment                  $ 1,615         $ 1,426
                                     =======         =======
<PAGE>


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


6.   Long-Term Debt

     On  July  11, 1996, the Company issued $150 million  8  3/8%
     Notes Due July 15, 2004.  The net proceeds of $148.5 million
     were  used to refinance debt outstanding under the Company's
     Revolving Credit Agreement, uncommitted lines of credit  and
     commercial  paper.   These vehicles  had  been  utilized  to
     refinance  $100  million of the Company's 9.30%  Notes  that
     matured  in May 1996 and $35 million of the Company's  6.05%
     Medium  Term  Notes  that matured  in  February  1996.   The
     Company  has an additional $12 million of 8.92% Medium  Term
     Notes  that  will  mature  in the fourth  quarter  of  1996.
     Borrowings  to  be refinanced with the net proceeds  have  a
     final  maturity of up to two years, and as of September  30,
     1996 had a weighted average interest rate of 6.66%.


7.   Shareholders' Deficit

     Shares   of  the  Company's  preferred  and  common   stocks
     authorized, issued, outstanding and in treasury at September
     30, 1996 and December 31, 1995 were as follows:

                       Authorized Issued Outstanding In Treasury
                                 (Thousands of Shares)
     September 30, 1996
       Preferred stock     15,000       -         -           -
       Preference stock     7,741       -         -           -
       Common stock       250,000 126,704   104,791    (18,911)

     December 31, 1995
       Preferred stock     15,000       -         -           -
       Preference stock     7,741       -         -           -
       Common stock       250,000 126,704   104,455    (19,247)

<PAGE>
                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, 1996, the related condensed consolidated statements of income
for  the three and nine months ended September 30, 1996 and 1995,
and  the related condensed consolidated statements of cash  flows
for  the  nine months ended September 30, 1996 and  1995.   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, 1995,  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, 1996, 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, 1995 is fairly stated,  in  all
material respects, in relation to the consolidated balance  sheet
from which it has been derived.


                              COOPERS & LYBRAND L.L.P.

Dallas, Texas
November 1, 1996
<PAGE>
Item 2.   Management's  Discussion  and  Analysis  of   Financial
          Condition and Results of Operations

FINANCIAL CONDITION

The  Company's cash and cash equivalents decreased by $13 million
over the nine months ended September 30, 1996.  The decrease  was
comprised  of  $485  million  of  net  cash  flow  provided  from
operating  activities, $409 million of net  cash  flow  used  for
investing  activities and $89 million of net cash flow  used  for
financing activities.  The $485 million in net cash flow provided
from  operating activities consisted of $361 million in net  cash
flow provided from operating activities before changes in current
assets and liabilities and $124 million provided from changes  in
current  assets and liabilities.  The $361 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 prices and a reduction  in  operating
expense   resulting  in  part  from  insurance  refunds,   offset
partially by lower production volumes.  The $124 million  of  net
cash flow provided from changes in current assets and liabilities
consisted  of  a $29 million increase in accounts receivable  and
other  current  assets  and a $153 million increase  in  accounts
payable and accrued liabilities.

The  $409  million in net cash flow used for investing activities
and  the  $89  million  in  net  cash  flow  used  for  financing
activities  are  primarily due to cash uses of $394  million  for
capital expenditures and $89 million from net decreases in debt.

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 3 to the Condensed Consolidated
Financial Statements.

On  July  11, 1996, the Company issued $150 million 8 3/8%  Notes
Due  July 15, 2004. The net proceeds of $148.5 million were  used
to  refinance  debt  outstanding under  the  Company's  Revolving
Credit  Agreement,  uncommitted lines of  credit  and  commercial
paper.   These  vehicles  had  been utilized  to  refinance  $100
million of the Company's 9.30% Notes that matured in May 1996 and
$35 million of the Company's 6.05% Medium Term Notes that matured
in  February 1996. The Company has an additional $12  million  of
8.92% Medium Term Notes that will mature in the fourth quarter of
1996.   Borrowings to be refinanced with the net proceeds have  a
final  maturity of up to two years, and as of September 30,  1996
had  a weighted average interest rate of 6.66%.  During the third
quarter, Moody's Investors Service upgraded the Company's  senior
unsecured   debentures  to  Ba2  from  Ba3  and  the  convertible
subordinated  debentures  to B1 from B2.   The  upgrade  reflects
improving profitability and cash flow.
<PAGE>
Item 2.   Management's  Discussion  and  Analysis  of   Financial
          Condition and Results of Operations - continued


FINANCIAL CONDITION (continued)

On   October  29,  1996,  the  Company  completed  its  purchase,
effective July 1, 1996, to acquire all of Chevron's interests  in
the Ninian, Hutton, Lyell and Murchison fields as well as Columba
and  surrounding acreage in the U.K. North Sea for  $140  million
and  to assign 35 percent of the interests to Ranger Oil Limited.
In  the  first  half  of  the year, the  Company  estimates  that
Chevron's interest being acquired would have generated about  $46
million  of  pre-tax  cash flow or $10.40  per  barrel  produced.
Proved  reserves being acquired were about 50 million barrels  at
January  1, 1996, which equates to an acquisition cost  of  $2.80
per  barrel.  Oryx operates three of the fields  and  expects  to
become  operator of Ninian. Through a combination of  major  cost
reductions  and  reservoir enhancements, the Company  expects  to
extend  the  productive lives of the fields it operates,  thereby
recovering additional reserves and generating incremental  income
and  cash  flow.   Such actions are expected  to  result  in  the
addition  of  approximately  seven  million  barrels  of   proved
reserves  for  Oryx on its pre-transaction equity  interest.  The
Company  will  fund its share of the acquisition with  internally
generated  cash flow and, as a result, there will be no permanent
increase in its total debt level.


RESULTS OF OPERATIONS - NINE MONTHS

The  Company's net income for the nine months ended September 30,
1996  was  $100  million, or $.95 per share, as compared  to  net
income  of  $131 million, or $1.29 per share for the  first  nine
months  of 1995.  Revenues for the nine months were $789  million
in  1996  versus $923 million in 1995.  Year-to-date results  for
1995  include a $120 million net gain on the sale of assets,  $15
million of extraordinary charges associated with refinancing long
term  debt  and a $1 million charge for remeasurement of  foreign
deferred taxes.

Average worldwide net production of crude oil and condensate  for
the nine months ended September 30, 1996 was 103 thousand barrels
daily  compared  to average net production for  the  nine  months
ended  September 30, 1995 of 119 thousand barrels daily.  Average
net  production  of  crude  oil and condensate  was  43  thousand
barrels daily in the United States and 60 thousand barrels  daily
from foreign locations during the nine months ended September 30,
1996,  compared to 47 thousand barrels daily in the United States
and  72 thousand barrels daily from foreign locations during  the
nine  months ended September 30, 1995.  The worldwide  crude  oil
and condensate price for the first nine months of 1996 was $18.75
per  barrel  compared to $16.48 per barrel  for  the  first  nine
months of 1995.
<PAGE>
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 487  million
cubic  feet daily for the nine months ended September  30,  1996,
compared  to  537  million cubic feet in the  nine  months  ended
September  30, 1995.  Average net production of natural  gas  was
479  million cubic feet daily in the United States and 8  million
cubic feet daily from the United Kingdom in the first nine months
of  1996, compared to 477 million cubic feet daily in the  United
States  and 60 million cubic feet daily in the United Kingdom  in
the  first  nine months of 1995.  The worldwide price of  natural
gas  for  the  first nine months of 1996 and 1995 was  $2.01  and
$1.73 per thousand cubic feet.


RESULTS OF OPERATIONS - THREE MONTHS

The  Company  reported  net income of $40 million,  or  $.38  per
share, for the quarter ended September 30, 1996, compared to  net
income  of $107 million, or $1.03 per share, virtually  all  from
gains on the sale of assets, for the same quarter last year.  Oil
and  gas  revenues for the 1996 third quarter were  $293  million
versus $217 million for the 1995 third quarter.

Current  quarter results consist of $40 million  of  net  income.
The  1995 third quarter results included a $106 million net  gain
on  the  sale  of  assets and a $1 million  extraordinary  charge
associated with refinancing.

Compared  to the same quarter last year, oil production increased
by  8,000 barrels per day and natural gas volumes increased by 45
million  cubic  feet  per day, an overall volume  increase  of  9
percent.   Worldwide liquid prices increased by $3.83 per  barrel
and  U.S.  natural gas prices increased by $.44 per  mcf.   Third
quarter  results  include the benefit of a  previously  announced
acquisition of U.K. producing properties, effective July 1, 1996.

In  addition  to  the impact of higher volumes  and  prices,  the
Company's  results  continue  to reflect  the  benefits  of  cost
reduction.   Unit  costs for the current quarter  are  below  the
prior  year  quarter,  particularly in  the  operating  cost  and
interest expense categories.  Operating expense includes  a  non-
recurring benefit of $12 million ($8 million after-tax)  or  $.68
per   equivalent  barrel,  resulting  primarily  from   insurance
refunds.

Average worldwide net production of crude oil and condensate  for
the  three  months  ended September 30,  1996  was  109  thousand
barrels  daily compared to average net production for  the  three
months  ended  September 30, 1995 of 101 thousand barrels  daily.
Average  net  production  of  crude oil  and  condensate  was  42
thousand  barrels  daily  in the United States  and  67  thousand
barrels  daily  from foreign locations during  the  three  months
ended  September 30, 1996, compared to 44 thousand barrels  daily
in the United States and 57 thousand
<PAGE>
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
1995.   The worldwide crude oil and condensate price in the third
quarter  of  1996 was $19.76 per barrel compared  to  $15.93  per
barrel in the third quarter of 1995.

Average  worldwide net production of natural gas was 502  million
cubic  feet daily for the three months ended September 30,  1996,
compared  to  457  million cubic feet daily in the  three  months
ended September 30, 1995.  Average net production of natural  gas
was  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, compared to 444 million cubic feet daily in  the
United  States  and 13 million cubic feet daily from  the  United
Kingdom  in  the  third quarter of 1995. The worldwide  price  of
natural  gas for the third quarter of 1996 was $2.05 per thousand
cubic feet compared to $1.63 per thousand cubic feet in the third
quarter of 1995.
<PAGE>
                             PART II
                                
                        OTHER INFORMATION



Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibits:

               12   Computation  of Consolidated  Ratio  of
                    Earnings to Fixed Charges.

               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, 1996.
<PAGE>
                            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 11, 1996
<PAGE>
                                                       EXHIBIT 12
                       ORYX ENERGY COMPANY
          COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
                TO FIXED CHARGES - UNAUDITED (a)
                      (Millions of Dollars)

                                          Three Months    Nine Months
                                             Ended           Ended
                                          September 30    September 30
                                              1996             1996
RATIO OF EARNINGS TO FIXED
  CHARGES:
Fixed Charges:
  Consolidated interest cost and debt
     expense                                 $  28            $  84
  Interest allocable to rental expense (b)       1                6
                                             -----            -----
     Total                                   $  29            $  90
                                             =====            =====

Earnings:
  Consolidated income before provision
     for income taxes                        $  66            $ 157
  Fixed charges                                 29               90
  Interest capitalized                          (5)             (12)
  Amortization of previously
     capitalized interest                        1                3
                                             -----            -----
     Total                                   $  91            $ 238
                                             =====            =====

Ratio of Earnings to Fixed Charges            3.14             2.64
                                             =====            =====

RATIO OF EARNINGS TO FIXED CHARGES AND
  PREFERRED STOCK DIVIDEND REQUIREMENTS:
Fixed Charges:
  Consolidated interest cost and debt
     expense                                 $  28           $  84
  Preferred stock dividend requirements          -               -
  Interest allocable to rental expense (b)       1               6
                                             -----           -----
     Total                                   $  29           $  90
                                             =====           =====

Earnings:
  Consolidated income before provision
     for income taxes                        $  66           $ 157
  Fixed charges                                 29              90
  Interest capitalized                         (5)             (12)
  Amortization of previously
     capitalized interest                        1               3
                                             -----           -----
     Total                                   $  91           $ 238
                                             =====           =====

Ratio of Earnings to Fixed
  Charges                                     3.14            2.64
                                             =====           =====

(a) The  consolidated financial statements of Oryx Energy Company
    include  the  accounts  of  all subsidiaries  (more  than  50
    percent owned and/or controlled).

(b) Represents one-third of total operating lease rental  expense
    which is that portion deemed to be interest.
<PAGE>
                                                       EXHIBIT 15
Securities and Exchange Commission
450 Fifth Street, Northwest
Washington, D.C.  20549
Attn.:  Document Control

Re:  Oryx Energy Company Form 10-Q

We are aware that our report dated November 1, 1996 on our review
of  the  interim  condensed consolidated balance  sheet  of  Oryx
Energy Company and its Subsidiaries as of September 30, 1996, the
related condensed consolidated statements of income for the three
and  nine  months  ended September 30, 1996  and  1995,  and  the
related  condensed consolidated statements of cash flows for  the
nine  months ended September 30, 1996 and 1995, included in  this
Form   10-Q,  is  incorporated  by  reference  in  the  following
registration statements:

                                                Registration No.
On Form S-3 for:

   Oryx Energy Company $500,000,000 Debt
     Securities; Preferred Stock; and Common Stock     33-45611

   Oryx Energy Company $600,000,000 Debt Securities    33-33361

   Oryx Energy Company 7,259,394 shares of
     Common Stock                                      33-36799

On Form S-8 for:

   Oryx Energy Company 1992 Long-Term Incentive Plan   33-42695

   Oryx Energy Company Long-Term Incentive Plan        33-25032

   Oryx Energy Company Capital Accumulation Plan       33-24918

   Oryx Energy Company Equity and Deferred
     Compensation Plan for Non-Employee Directors     333-03075

   Oryx Energy Company Executive Variable Incentive
     Plan                                             333-03089

Pursuant  to Rule 436(c) under the Securities Act of  1933,  this
report  should  not  be  considered a part  of  the  registration
statement  prepared  or  certified by us within  the  meaning  of
Sections 7 and 11 of that Act.

                                   COOPERS & LYBRAND L.L.P.

Dallas, Texas
November 1, 1996
<PAGE>