There is a wrinkle in the story of common features in West Syrian anaphoras, which John Fenwick called “the Missing Oblation.” In this article, I argue that the importance of the “missing oblation” highlighted by Fenwick, Robert Taft, Stefano Parenti and others needs to be balanced against the verbs of oblation that are present. The emphasis on the missing oblation, combined with the tendency to summarize the Antiochene structure with little reference to the importance of these verbs, results in an inaccurate and unbalanced sense of the degree to which the anaphora expresses the belief that the action of offering bread and wine is constitutive of the eucharistic action. This should lead to a caution with the unhelpful heuristic about the spiritualization of sacrifice in contemporary scholarship and the underemphasis of the belief in the materiality of the eucharistic sacrifice in writers such as John Chrysostom and earlier anaphoras.