Occidental Petroleum (OXY) Tax Provisions (2009 - 2026)
Occidental Petroleum (OXY) recorded Tax Provisions of $915 million in Q2 2026, up 312.2% from $222 million a year earlier and up 494.2% from the prior quarter.
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Analysis
Occidental Petroleum (OXY) Tax Provisions (2009 - 2026) Analysis & Trends
On a TTM basis, Occidental Petroleum's Tax Provisions came in at $1.43 billion as of Jun 30, 2026, up 49.6% year-over-year; for FY2025, it was $1.02 billion, down 11.8% from FY2024.
- Across earlier years, Tax Provisions came in at $1.16 billion in FY2024 (-12.9%), $1.33 billion in FY2023 (+63.6%), $813 million in FY2022 (-11.1%) and $915 million in FY2021.
- The Q2 2026 figure is the highest quarterly Tax Provisions since Q2 2022.
- On a year-over-year basis, Tax Provisions rose in three of the last six quarters, with growth averaging 32.4%.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 312.2% in Q2 2026, against a decline of 62.1% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $154 million (Q1 2026), $40 million (Q4 2025) and $324 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.22 Bn | 700.71 Bn | - | 4.54 Bn |
| 2 | Chevron | 442.27 Bn | 414.39 Bn | 33.45 Bn | 4.50 Bn |
| 3 | Shell | 308.83 Bn | 238.57 Bn | 30.13 Bn | 4.95 Bn |
| 4 | TotalEnergies SE | 197.25 Bn | 77.83 Bn | 61.77 Bn | 3.15 Bn |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 2.15 Bn |
| 6 | Equinor Asa | 119.62 Bn | 34.07 Bn | - | -8.19 Bn |
| 7 | Phillips 66 | 116.49 Bn | 104.28 Bn | 8.38 Bn | 1.09 Bn |
| 8 | Canadian Natural Resources | 113.27 Bn | 110.27 Bn | 8.84 Bn | 775.70 Mn |
| 9 | Suncor Energy | 95.51 Bn | 81.26 Bn | - | - |
| 10 | Occidental Petroleum | 62.60 Bn | 50.51 Bn | - | 915.00 Mn |
Historic Data
Download Data
Historic 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 | 222.00 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 |
API Access
Occidental Petroleum Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=OXY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "OXY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=OXY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();