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