Occidental Petroleum Corporation (OXY) Income Tax Expense
The tax expense for Occidental Petroleum Corporation (OXY) is $1.02 Billion with a year-over-year change of -13.03%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
OXY Tax Expense Chart
Current Tax Expense
$1.02B
$1.02 Billion
Year-over-Year Change
-13.03%
vs. $1.17B prior year
Historical Data
30
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.02B | $-153.00M | -13.03% |
| 2024 | $1.17B | $-559.00M | -32.26% |
| 2023 | $1.73B | +$920.00M | +113.16% |
| 2022 | $813.00M | $-102.00M | -11.15% |
| 2021 | $915.00M | +$3.09B | +142.13% |
| 2020 | $-2.17B | $-3.03B | -352.26% |
| 2019 | $861.00M | $-616.00M | -41.71% |
| 2018 | $1.48B | +$1.46B | +8588.24% |
| 2017 | $17.00M | +$679.00M | +102.57% |
| 2016 | $-662.00M | +$668.00M | +50.23% |
| 2015 | $-1.33B | $-3.02B | -178.93% |
| 2014 | $1.69B | $-2.07B | -55.13% |
| 2013 | $3.75B | +$637.00M | +20.43% |
| 2012 | $3.12B | $-1.08B | -25.78% |
| 2011 | $4.20B | +$1.21B | +40.27% |
| 2010 | $3.00B | +$1.08B | +56.15% |
| 2009 | $1.92B | $-2.71B | -58.57% |
| 2008 | $4.63B | +$1.12B | +31.99% |
| 2007 | $3.51B | +$153.00M | +4.56% |
| 2006 | $3.35B | +$1.43B | +74.05% |
| 2005 | $1.93B | +$219.00M | +12.82% |
| 2004 | $1.71B | +$477.00M | +38.75% |
| 2003 | $1.23B | +$809.00M | +191.71% |
| 2002 | $422.00M | $-144.00M | -25.44% |
| 2001 | $566.00M | $-876.00M | -60.75% |
| 2000 | $1.44B | +$811.00M | +128.53% |
| 1999 | $631.00M | +$268.00M | +73.83% |
| 1998 | $363.00M | +$52.00M | +16.72% |
| 1997 | $311.00M | $-31.00M | -9.06% |
| 1996 | $342.00M | — | — |
About Occidental Petroleum Corporation
Occidental Petroleum Corporation, along with its various subsidiaries, primarily focuses on the discovery, acquisition, and development of oil and natural gas resources. These operations extend across the United States, the Middle East, Africa, and Latin America. The company's business is organized into three distinct divisions: Oil and Gas, Chemical, and Midstream and Marketing. Within the Oil and Gas division, the company is responsible for exploring, developing, and extracting crude oil, condensate, natural gas liquids (NGLs), and conventional natural gas. The Chemical segment manufactures and commercializes a range of fundamental chemicals, including chlorine, caustic soda, chlorinated organic compounds, potassium-based chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride. This segment also produces vinyl products such as vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing division manages the collection, processing, transportation, storage, procurement, and distribution of diverse energy commodities, specifically oil, condensate, NGLs, natural gas, carbon dioxide, and electrical power. Furthermore, this segment actively trades utilizing its existing transportation and storage assets and strategically invests in other entities. Occidental Petroleum Corporation was established in 1920 and maintains its principal offices in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Vicki A. Hollub