Occidental Petroleum (OXY-WT) Tax Rate (2009 - 2026)
Occidental Petroleum (OXY-WT) posted quarterly Tax Rate of 39.49% for Q1 2026, up 1001.0% year-over-year from 3.59% in Q1 2025, and up 206.62% quarter-over-quarter from 37.04% in Q4 2025.
Occidental Petroleum (OXY-WT) Tax Rate (2009 - 2026) Analysis & Trends
Occidental Petroleum (OXY-WT) has reported Tax Rate for 18 consecutive years, with 39.49% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 1001.0% year-over-year to 39.49%; the TTM figure through Mar 2026 stood at 36.05% (up 739.0% YoY), while the FY2025 annual figure was 32.64%, up 386.0% from the prior year.
- Tax Rate climbed to 39.49% in Q1 2026 per OXY-WT's latest filing, from 37.04% in the prior quarter.
- Across five years, Tax Rate topped out at 39.49% in Q1 2026 and bottomed at 58.16% in Q1 2022.
- Historically, Tax Rate has averaged 19.47% across 5 years, with a median of 27.79% in 2025.
- Annual changes were most pronounced in 2023 — Tax Rate jumped 8532 bps — and 2025, when it plunged 6727 bps.
- Occidental Petroleum's Tax Rate stood at 19.71% in 2022, then advanced by 2 bps to 20.19% in 2023, then jumped by 50 bps to 30.23% in 2024, then slumped by 223 bps to 37.04% in 2025, then jumped by 207 bps to 39.49% in 2026.
- Business Quant data shows OXY-WT's Tax Rate at 39.49% in Q1 2026, 37.04% in Q4 2025, and 27.79% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.50 Bn | 155.81 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.53 Bn | 104.64 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.14 Bn | 75.24 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 22.01% |
| 5 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 22.36% |
| 6 | Woodside Energy | 46.08 Bn | 40.14 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 34.01 Bn | 33.89 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 26.39 Bn | 26.15 Bn | - | 20.53% |
| 10 | Expand Energy | 22.99 Bn | 21.72 Bn | 2.33 Bn | 22.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.37% |
| Jun 30, 2026 | 23.37% |
| Jun 30, 2026 | 23.37% |
| Mar 31, 2026 | 39.49% |
| Mar 31, 2026 | 39.49% |
| Mar 31, 2026 | 39.49% |
| Dec 31, 2025 | -37.04% |
| Dec 31, 2025 | -37.04% |
| Dec 31, 2025 | -37.04% |
| Sep 30, 2025 | 27.79% |
| Sep 30, 2025 | 27.79% |
| Sep 30, 2025 | 27.79% |
| Jun 30, 2025 | 36.59% |
| Jun 30, 2025 | 36.59% |
| Jun 30, 2025 | 36.59% |
| Mar 31, 2025 | 29.48% |
| Mar 31, 2025 | 29.48% |
| Mar 31, 2025 | 29.48% |
| Dec 31, 2024 | 30.23% |
| Dec 31, 2024 | 30.23% |