Occidental Petroleum (OXY-WT) Change in Taxes (2019 - 2026)
Occidental Petroleum (OXY-WT) posted quarterly Change in Taxes of $35.0 million for Q1 2026, down 28.57% year-over-year from $49.0 million in Q1 2025, and up 125.74% quarter-over-quarter from -$136.0 million in Q4 2025.
Occidental Petroleum (OXY-WT) Change in Taxes (2019 - 2026) Analysis & Trends
Occidental Petroleum (OXY-WT) has reported Change in Taxes for 8 consecutive years, with $35.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Taxes fell 28.57% year-over-year to $35.0 million; the TTM figure through Mar 2026 stood at -$319.0 million (down 197.85% YoY), while the FY2025 annual figure was -$305.0 million, down 164.62% from the prior year.
- Change in Taxes rose to $35.0 million in Q1 2026 per OXY-WT's latest filing, from -$136.0 million in the prior quarter.
- Across five years, Change in Taxes topped out at $305.0 million in Q3 2024 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Change in Taxes surged 1842.86% — and 2025, when it tumbled 2491.67%.
- Occidental Petroleum's Change in Taxes stood at -$80.0 million in 2022, then plunged by 206.25% to -$245.0 million in 2023, then soared by 83.67% to -$40.0 million in 2024, then slumped by 240.0% to -$136.0 million in 2025, then soared by 125.74% to $35.0 million in 2026.
- Business Quant data shows OXY-WT's Change in Taxes at $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 | 164.44 Bn | 156.75 Bn | 12.81 Bn | - |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 454.72 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | -69.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | -287.00 Mn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | -32.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | -8.34 Mn |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -32.00 Mn |
| Jun 30, 2026 | -32.00 Mn |
| 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 |