Occidental Petroleum (OXY-WT) Change in Taxes (2019 - 2026)

Occidental Petroleum's (OXY-WT) quarterly Change in Taxes came in at $35.0 million in Q1 2026, down 28.57% year-on-year from $49.0 million in Q1 2025, and up 125.74% on a QoQ basis from -$136.0 million in Q4 2025.

Occidental Petroleum (OXY-WT) Change in Taxes (2019 - 2026) Analysis & Trends

Occidental Petroleum (OXY-WT) has 8 years of Change in Taxes data on file, last reported at $35.0 million in Q1 2026.

  • On a quarterly basis, Change in Taxes fell 28.57% year-over-year to $35.0 million in Q1 2026; TTM through Mar 2026 was -$319.0 million, a 197.85% decrease from a year earlier, with the FY2025 full-year figure at -$305.0 million, down 164.62% from the prior year.
  • Change in Taxes for Q1 2026 stood at $35.0 million, up from -$136.0 million in the prior quarter.
  • Over the last five years, Change in Taxes for OXY-WT reached as high as $305.0 million in Q3 2024 and fell as low as -$432.0 million in Q3 2022.
  • Historically, Change in Taxes has averaged $4.9 million across 5 years, with a median of $35.0 million in 2026.
  • Across the five-year window, Change in Taxes soared 1842.86% in 2022 and sank 2491.67% in 2025, its largest moves.
  • Year by year, Change in Taxes stood at -$80.0 million in 2022, then plunged by 206.25% to -$245.0 million in 2023, then surged by 83.67% to -$40.0 million in 2024, then slumped by 240.0% to -$136.0 million in 2025, then surged by 125.74% to $35.0 million in 2026.
  • Per Business Quant data, the three most recent Change in Taxes figures were $35.0 million in Q1 2026, -$136.0 million in Q4 2025, and $69.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn -
2 Eog Resources 74.61 Bn 70.76 Bn - 467.00 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 287.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 35.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn -
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 33.26 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn -
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn -
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn -19.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 35.00 Mn
Mar 31, 2026 35.00 Mn
Dec 31, 2025 -136.00 Mn
Dec 31, 2025 -136.00 Mn
Sep 30, 2025 69.00 Mn
Sep 30, 2025 69.00 Mn
Jun 30, 2025 -287.00 Mn
Jun 30, 2025 -287.00 Mn
Mar 31, 2025 49.00 Mn
Mar 31, 2025 49.00 Mn
Dec 31, 2024 -40.00 Mn
Dec 31, 2024 -40.00 Mn
Sep 30, 2024 305.00 Mn
Sep 30, 2024 305.00 Mn
Jun 30, 2024 12.00 Mn
Jun 30, 2024 12.00 Mn
Mar 31, 2024 195.00 Mn
Mar 31, 2024 195.00 Mn
Dec 31, 2023 -245.00 Mn
Dec 31, 2023 -245.00 Mn