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| Date | Value |
|---|---|
| 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 |