A blood gas analysis showed a pH of 7.27, pCO2 of 58 mmHg, and HCO3- of 26 mmol/L in a patient receiving 5L of oxygen. This represents a primary respiratory acidosis with appropriate chronic compensation, as the pH and pCO2 are low and HCO3- is elevated, consistent with long-standing respiratory acidosis. The anion gap and albumin are normal. This patient is experiencing chronic respiratory acidosis.