Occidental Petroleum (Occidental Petroleum) Tax Rate % : 23.16% (As of Dec. 2023)

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What is Occidental Petroleum Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Occidental Petroleum's Tax Expense for the three months ended in Dec. 2023 was $361 Mil. Occidental Petroleum's Pre-Tax Income for the three months ended in Dec. 2023 was $1,559 Mil. Therefore, Occidental Petroleum's Tax Rate % for the quarter that ended in Dec. 2023 was 23.16%.

Occidental Petroleum Tax Rate % Historical Data

The historical data trend for Occidental Petroleum's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Occidental Petroleum Tax Rate % Chart

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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243.22

13.83

24.70

5.76

26.96

Occidental Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															19.71	27.16	35.19	23.99	23.16

Occidental Petroleum Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Occidental Petroleum's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	1733	/	6429
	=	26.96 %

Occidental Petroleum's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	361	/	1559
	=	23.16 %

Occidental Petroleum Tax Rate % Related Terms

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Occidental Petroleum (Occidental Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Occidental Petroleum Corp (NYSE:OXY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

OXY.WS:USA OXY1:Mexico OXY_KZ:Kazakhstan 1OXY:Italy OPC:Germany OPC:Germany OPC:Germany OPC:Germany OXYP34:Brazil

Address

5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046

Website

https://www.oxy.com

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2022, the company reported net proved reserves of 3.8 billion barrels of oil equivalent. Net production averaged 1,159 thousand barrels of oil equivalent per day in 2022 at a ratio of 75% oil and natural gas liquids and 25% natural gas.

Executives

Berkshire Hathaway Inc	10 percent owner	3555 FARNAM STREET, OMAHA NE 68131
Sylvia J Kerrigan	officer: SVP & Chief Legal Officer	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Claire Oneill	director	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Kenneth B. Robinson	director	6301 FITCH PATH, NEW ALBANY OH 43054
Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
Bob Shearer	director	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Jack B Moore	director	5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Andrew Gould	director	C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE 17TH FLOOR, HOUSTON TX 77056
Neil R Ackerman	officer: Vice President	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Sunil Mathew	officer: Vice President	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Jeff F Simmons	officer: Senior Vice President	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Christopher O Champion	officer: VP, CAO and Controller	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Vicki A. Hollub	officer: Vice President	5 GREENWAY PLAZA, HOUSTON TX 77046
Avedick Baruyr Poladian	director	701 WESTERN AVENUE, GLENDALE CA 91201
Warren E Buffett	10 percent owner	3555 FARNAM ST, STE 1440, OMAHA NE 68131