Occidental Petroleum (OXY-WT) Tax Provisions (2009 - 2026)

Occidental Petroleum's (OXY-WT) quarterly Tax Provisions came in at $154.0 million in Q1 2026, down 55.62% year-on-year from $347.0 million in Q1 2025, and up 285.0% on a QoQ basis from $40.0 million in Q4 2025.

Occidental Petroleum (OXY-WT) Tax Provisions (2009 - 2026) Analysis & Trends

Occidental Petroleum (OXY-WT) has 18 years of Tax Provisions data on file, last reported at $154.0 million in Q1 2026.

  • On a quarterly basis, Tax Provisions fell 55.62% year-over-year to $154.0 million in Q1 2026; TTM through Mar 2026 was $788.0 million, a 34.39% decrease from a year earlier, with the FY2025 full-year figure at $1.0 billion, down 11.83% from the prior year.
  • Tax Provisions for Q1 2026 stood at $154.0 million, up from $40.0 million in the prior quarter.
  • Over the last five years, Tax Provisions for OXY-WT reached as high as $1.2 billion in Q2 2022 and fell as low as -$1.8 billion in Q1 2022.
  • Historically, Tax Provisions has averaged $260.9 million across 5 years, with a median of $347.0 million in 2025.
  • On a YoY basis, Tax Provisions climbed as much as 2762.79% in 2022 and fell as far as 11306.25% in 2022.
  • Year by year, Tax Provisions stood at $473.0 million in 2022, then sank by 108.88% to -$42.0 million in 2023, then sank by 54.76% to -$65.0 million in 2024, then surged by 161.54% to $40.0 million in 2025, then jumped by 285.0% to $154.0 million in 2026.
  • Per Business Quant data, the three most recent Tax Provisions figures were $154.0 million in Q1 2026, $40.0 million in Q4 2025, and $324.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 1.18 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 575.00 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 32.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn 1.10 Bn
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 154.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 84.93 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 40.66 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn -188.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 330.00 Mn
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn 83.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 154.00 Mn
Dec 31, 2025 40.00 Mn
Sep 30, 2025 324.00 Mn
Jun 30, 2025 270.00 Mn
Mar 31, 2025 347.00 Mn
Dec 31, 2024 -65.00 Mn
Sep 30, 2024 454.00 Mn
Jun 30, 2024 465.00 Mn
Mar 31, 2024 304.00 Mn
Dec 31, 2023 -42.00 Mn
Sep 30, 2023 434.00 Mn
Jun 30, 2023 467.00 Mn
Mar 31, 2023 471.00 Mn
Dec 31, 2022 473.00 Mn
Sep 30, 2022 902.00 Mn
Jun 30, 2022 1.23 Bn
Mar 31, 2022 -1.79 Bn
Dec 31, 2021 469.00 Mn
Sep 30, 2021 387.00 Mn
Jun 30, 2021 43.00 Mn