The pricing of oil and gas is a complex process influenced by various calculation methods and market dynamics. This paper outlines the primary approaches used to determine oil and gas prices, including market price analysis, production costs, and supply-demand factors. Pricing mechanisms often involve spot and futures prices derived from commodity exchange transactions, as well as cost-plus pricing, where total production costs are augmented by a profit margin to establish selling prices. Furthermore, external influences such as global economic conditions, currency fluctuations, regulatory impacts, and taxes play a significant role in shaping prices. Geopolitical situations and technological advancements also critically affect cost structures and market demand. By examining these elements, this study aims to provide a deeper understanding of the methodologies for oil and gas pricing and the challenges faced by the industry in a dynamic market environment.