The steel pipe of the present invention is a low alloy high strength seamless steel pipe for oil country tubular goods including a composition containing, in terms of mass %, C: 0.23 to 0.27%, Si: 0.01 to 0.35%, Mn: 0.45 to 0.70%, P: 0.010% or less, S: 0.001% or less, O: 0.0015% or less, Al: 0.015 to 0.080%, Cu: 0.02 to 0.09%, Cr: 0.8 to 1.5%, Mo: 0.5 to 1.0%, Nb: 0.02 to 0.05%, B: 0.0015 to 0.0030%, Ti: 0.005 to 0.020%, and N: 0.005% or less, and having a ratio of the Ti content to the N content (Ti/N) of 3.0 to 4.0, with the balance being Fe and inevitable impurities, the steel pipe having a ratio of a stress at a strain of 0.7% to a stress at a strain of 0.4% in a stress-strain curve of 1.02 or less and a yield strength of 655 MPa or more.