Occidental Petroleum (OXY-WT) Tax Provisions (2009 - 2026)
Occidental Petroleum (OXY-WT) posted quarterly Tax Provisions of $154.0 million for Q1 2026, down 55.62% year-over-year from $347.0 million in Q1 2025, and up 285.0% quarter-over-quarter from $40.0 million in Q4 2025.
Occidental Petroleum (OXY-WT) Tax Provisions (2009 - 2026) Analysis & Trends
Occidental Petroleum (OXY-WT) has reported Tax Provisions for 18 consecutive years, with $154.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions fell 55.62% year-over-year to $154.0 million; the TTM figure through Mar 2026 stood at $788.0 million (down 34.39% YoY), while the FY2025 annual figure was $1.0 billion, down 11.83% from the prior year.
- Tax Provisions improved to $154.0 million in Q1 2026 per OXY-WT's latest filing, from $40.0 million in the prior quarter.
- Across five years, Tax Provisions topped out at $1.2 billion in Q2 2022 and bottomed at -$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.
- Occidental Petroleum's 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 soared by 161.54% to $40.0 million in 2025, then surged by 285.0% to $154.0 million in 2026.
- Business Quant data shows OXY-WT's Tax Provisions at $154.0 million in Q1 2026, $40.0 million in Q4 2025, and $324.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 775.70 Mn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 580.00 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 | 473.00 Mn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 915.00 Mn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 84.93 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 39.77 Mn |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | 150.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 915.00 Mn |
| 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 |