OXY · 8-K · 20260805PR053377

Income Tax Rate Changes

OCCIDENTAL PETROLEUM CORP /DE/ · 2026-08-05 · Importance 64 · Surprise 56

The reported effective tax rate on continuing operations declined to 23% in the second quarter of 2026 from 40% in the second quarter of 2025. The first-half reported tax rate was 25%, versus 33% for the comparable 2025 period, while adjusted tax rates were 23% and 24%, respectively. Income tax expense on continuing operations was $915 million in the second quarter and $1.069 billion year to date, compared with $222 million and $1.021 billion in the comparable 2025 periods.

Key facts

• Effective tax rate - Adjusted income - Continuing Operations was 23% for Q2 2026. source