Vertex O Series, Tax Solutions for Energy, Oil & Gas

Simplifying energy, oil and gas complexity through indirect tax automation.

Offshore oil and gas

Improve tax accuracy for procurement and sales.

Automate complex tax calculation and improve compliance for upstream, midstream, and downstream segments in the energy, oil, and natural gas industries. Vertex offers the most flexible tax solution with robust tax determination in both procurement and sales transactions including premium US content to help manage operations across 12,000+ taxing jurisdictions. Whether you're operating upstream in exploration and production, midstream in transportation and storage, or downstream in refining, distribution, or retail, Vertex ensures tax accuracy, compliance, and scalability. Embed latitude/longitude tax jurisdiction assignment to increase tax accuracy for remote locations or locations without a street address.

Tax challenges for companies in the the Energy, Oil & Gas Industry

Leverage Vertex  to manage your unique tax challenges including:

Compliance

Industry-Specific Tax Rules

Operationalizing special tax treatments including tiered rates, volumetric taxes, environmental surcharges, and percent-based levies. This includes converting quantity types (e.g., BTUs, barrels, kilowatt-hours) into standardized units of measure for accurate tax calculation. Applying evolving tax rates, rules, and exemptions impacting energy-specific transactions such as fuel sales, utility services, equipment leasing, and cross-border energy trading or, for example, pipeline extraction, distribution and transport.

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Regulatory Volatility

Staying in front of frequent changes in tax codes, exempt use cases (e.g., agricultural, manufacturing, resale), and energy-specific surcharges requiring constant monitoring and rapid application to ensure compliance.

Streamlined Maintenance of Rules & Rates

Diverse Transaction Types

Maintaining compliance across a wide range of contract structures common in energy such as true leases, operating leases, conditional sales, finance leases, and rental agreements each with distinct tax implications.

Accountants Console Resources

Manual Burden and Process Risk

Many energy tax teams still rely on manual processes and complex formulas to manage high volumes of transactions. This makes it difficult to classify products and services (e.g., R&D, capex, opex, field services) correctly for tax purposes, especially when taxability varies by jurisdiction and usage.

Explore the Features, Benefits & Highlights

Automated tax content updates from Vertex Research reduces compliance risk.

Vertex maintains continually updated product and tax determination content for the unique needs of upstream, midstream, and downstream transactions in the U.S. energy, oil & gas industry. This means reduced effort to keep your tax calculation and sourcing rules updated and accurate ensuring compliant invoicing and improved audit performance without the maintenance headache.

  • 550+ oil and gas product categories (over and above our thousands of standard categories) designed to support U.S. complexity.
  • 2000+ standard product categories supporting R&D, procurement and sub-industry activity for vertical business.
  • Robust leasing content for businesses heavily involved in leasing equipment and services, and contracted operations.

Convert latitude/longitude coordinates to a Tax Area ID for improved situs determination and tax accuracy.

Add on Lat-Long Jurisdiction Identification to your Vertex O Series tax engine to convert lat-long coordinates remote and off-shore locations without a traditional street address to a precise Tax Area ID. More accurate Tax Area ID means more accurate tax calculation regardless of location.

Automated oil and gas tax content, more precise situs determination, and flexibility reduces risk and enables scale.

Vertex O Series empowers energy, oil and gas organizations to streamline operations and enhance tax accuracy through automation. By increasing agility within the tax function, businesses are better equipped to adapt to evolving energy markets and expand into new channels—all while proactively managing risk and reducing costs. With flexible integration and deployment options including edge capability, Vertex O Series aligns seamlessly with your existing architecture, security protocols, and business needs. At Vertex, we recognize that while one tax engine should be sufficient, a one-size-fits-all approach may not.

Add on solutions to manage the end-to-end tax lifecycle

The O Series tax engine is the foundation of continuous compliance. But don’t stop there. Add on solutions for exemption management, locally compliant invoicing, e-invoicing, VAT ID validation, and returns and reporting to help ensure compliance across the global enterprise.

PRODUCT DETAILS

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We're Ready to Help You Simplify Oil & Gas Taxation

Interested in learning more about Vertex O Series for Oil & Gas? Let's connect to help you find the best tax solution for your business.