Occidental Petroleum (OXY) Tax Rate (2009 - 2026)
Occidental Petroleum (OXY) reported Tax Rate of 23.37% for Q2 2026, down 16.27 percentage points from 39.64% a year earlier and down 16.12 percentage points from the prior quarter.
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Analysis
Occidental Petroleum (OXY) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Occidental Petroleum's Tax Rate came in at 26.72%, down 4.02 percentage points year-over-year; for FY2025, it came in at 32.64%, up 3.86 percentage points from FY2024.
- Tax Rate has increased for three consecutive years, with a five-year change of +18.81 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 28.78% in FY2024 (+0.25 pp), 28.53% in FY2023 (+22.77 pp), 5.76% in FY2022 (-18.94 pp) and 24.70% in FY2021 (+10.87 pp).
- Five-year quarterly Tax Rate spans a low of -58.16% in Q1 2022 and a high of 39.64% in Q2 2025.
- Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of -6.14 percentage points.
- The high point for year-over-year Tax Rate in five years was Q1 2023 (a gain of 85.32 percentage points); the low point was Q4 2025 (a drop of 67.27 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 39.49% (Q1 2026), -37.04% (Q4 2025) and 27.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.22 Bn | 700.71 Bn | - | 23.39% |
| 2 | Chevron | 442.27 Bn | 414.39 Bn | 33.45 Bn | 26.95% |
| 3 | Shell | 308.83 Bn | 238.57 Bn | 30.13 Bn | 31.41% |
| 4 | TotalEnergies SE | 197.25 Bn | 77.83 Bn | 61.77 Bn | 20.57% |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 119.62 Bn | 34.07 Bn | - | - |
| 7 | Phillips 66 | 116.49 Bn | 104.28 Bn | 8.38 Bn | 21.97% |
| 8 | Canadian Natural Resources | 113.27 Bn | 110.27 Bn | 8.84 Bn | 18.22% |
| 9 | Suncor Energy | 95.51 Bn | 81.26 Bn | - | - |
| 10 | Occidental Petroleum | 62.60 Bn | 50.51 Bn | - | 23.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.37% |
| Mar 31, 2026 | 39.49% |
| Sep 30, 2025 | 27.79% |
| Jun 30, 2025 | 39.64% |
| Mar 31, 2025 | 29.48% |
| Sep 30, 2024 | 28.48% |
| Jun 30, 2024 | 28.44% |
| Mar 31, 2024 | 30.10% |
| Sep 30, 2023 | 23.99% |
| Jun 30, 2023 | 35.19% |
| Mar 31, 2023 | 27.16% |
| Dec 31, 2022 | 19.71% |
| Sep 30, 2022 | 24.73% |
| Jun 30, 2022 | 24.69% |
| Dec 31, 2021 | 23.10% |
| Sep 30, 2021 | 31.80% |
| Jun 30, 2021 | 22.99% |
| Mar 31, 2021 | 5.08% |
| Jun 30, 2019 | 32.52% |
| Mar 31, 2019 | 26.29% |
API Access
Occidental Petroleum Tax Rate 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-rate&ticker=OXY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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-rate&ticker=OXY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();