Occidental Petroleum Corporation (OXY) Tax Rate: 32.64%
Is Occidental Petroleum Corporation’s tax rate high or low?
Occidental Petroleum Corporation's tax rate of 32.64% is 48% above its 5-year average of 22.12%, near the high end of its 5-year range (5.76%–32.64%).
The tax rate for Occidental Petroleum Corporation (OXY) is 32.64%. It is above its 12-month average by 6.16% (30.75%).
OXY Tax Rate Chart
OXY Average Tax Rate Chart
OXY Current vs Average Tax Rate Chart
OXY Tax Rate Metrics
TAX RATE
32.64%
TAX RATE AVG TTM
30.75%
TAX RATE AVG 3Y
23.55%
TAX RATE AVG 5Y
22.12%
TAX RATE AVG 10Y
41.45%
TAX RATE AVG 15Y
45.08%
TAX RATE AVG 20Y
43.43%
CURRENT VS TTM AVG
+6.16%
CURRENT VS 3Y AVG
+38.58%
CURRENT VS 5Y AVG
+47.54%
CURRENT VS 10Y AVG
-21.25%
CURRENT VS 15Y AVG
-27.60%
CURRENT VS 20Y AVG
-24.84%
Occidental Petroleum Corporation Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Occidental Petroleum Corporation Tax Rate FAQ
- What is the tax rate for Occidental Petroleum Corporation (OXY)?
- The tax rate for OXY stock is 32.64%.
- Is Occidental Petroleum Corporation's tax rate high or low?
- Occidental Petroleum Corporation's tax rate of 32.64% is 48% above its 5-year average of 22.12%, near the high end of its 5-year range (5.76%–32.64%).
- What is the TTM average tax rate for Occidental Petroleum Corporation (OXY)?
- The TTM average tax rate for OXY stock is 30.75%.
- What is the 3Y average tax rate for Occidental Petroleum Corporation (OXY)?
- The 3Y average tax rate for OXY stock is 23.55%.
- What is the 5Y average tax rate for Occidental Petroleum Corporation (OXY)?
- The 5Y average tax rate for OXY stock is 22.12%.
- What is the 10Y average tax rate for Occidental Petroleum Corporation (OXY)?
- The 10Y average tax rate for OXY stock is 41.45%.
- What is the 15Y average tax rate for Occidental Petroleum Corporation (OXY)?
- The 15Y average tax rate for OXY stock is 45.08%.
- What is the 20Y average tax rate for Occidental Petroleum Corporation (OXY)?
- The 20Y average tax rate for OXY stock is 43.43%.
Occidental Petroleum Corporation Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 32.64% |
| 2024-12-31 | 28.85% |
| 2023-12-31 | 26.96% |
| 2022-12-31 | 5.76% |
| 2021-12-31 | 24.70% |
| 2020-12-31 | 13.83% |
| 2019-12-31 | 243.22% |
| 2018-12-31 | 24.87% |
| 2017-12-31 | 1.28% |
| 2016-12-31 | 39.78% |
| 2015-12-31 | 14.04% |
| 2014-12-31 | 108.36% |
| 2013-12-31 | 38.80% |
| 2012-12-31 | 40.22% |
| 2011-12-31 | 38.75% |
| 2010-12-31 | 39.22% |
| 2009-12-31 | 39.17% |
| 2008-12-31 | 39.96% |
| 2007-12-31 | 40.50% |
| 2006-12-31 | 43.75% |
| 2005-12-31 | 27.37% |
| 2004-12-31 | 38.92% |
| 2003-12-31 | 42.55% |
| 2002-12-31 | 26.62% |
| 2001-12-31 | 32.36% |
| 2000-12-31 | 47.89% |
| 1999-12-31 | 52.63% |
| 1998-12-31 | 52.76% |
| 1997-12-31 | 58.90% |
| 1996-12-31 | 39.95% |
Related Metrics
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