Occidental Petroleum Corporation (OXY) Financial Statements (2024 and earlier)

Company Profile

Business Address 5 GREENWAY PLAZA
HOUSTON, TX 77046
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9842,7642,0083,0323,0331,672
Cash and cash equivalents9842,7642,0083,0323,0331,672
Restricted cash and investments  24170480  
Receivables4,2814,2082,1156,3734,8934,145
Inventory, net of allowances, customer advances and progress billings2,0591,8461,8981,4471,2601,246
Inventory2,0591,8461,8981,4471,2601,246
Disposal group, including discontinued operation      474
Asset, held-for-sale, not part of disposal group  721,4336,026  
Other current assets1,5621,2971,1951,323746733
Total current assets:8,88610,2118,81918,6819,9328,270
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization686581365397
Operating lease, right-of-use asset9037261,0621,385
Property, plant and equipment    80,46931,43731,174
Long-term investments and receivables3,1762,9383,2506,3891,6801,515
Long-term investments3,1762,9383,2506,3891,6801,515
Restricted cash and investments16151654  
Other noncurrent assets      
Other undisclosed noncurrent assets58,94260,56566,5521,9558051,067
Total noncurrent assets:63,72364,82571,24590,64933,92233,756
TOTAL ASSETS:72,60975,03680,064109,33043,85442,026
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,3197,9456,55712,3197,2966,900
Accounts payable4,0293,8992,9877,0174,8854,408
Accrued liabilities3,2904,0463,5705,3022,4112,492
Debt165186440620116500
Asset retirement obligation169     
Other undisclosed current liabilities1041931,2262,010  
Total current liabilities:7,7578,3248,22314,9497,4127,400
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,67029,43136,38639,39110,2019,328
Long-term debt, excluding current maturities   35,74538,53710,2019,328
Finance lease, liability546504  
Other undisclosed long-term debt and lease obligation19,12428,342    
Liabilities, other than long-term debt15,09716,36916,88220,7584,0044,726
Asset retirement obligations3,6363,6873,9774,3851,4241,241
Deferred tax liabilities, net 581
Deferred income tax liabilities5,5127,0397,1139,717
Liability, pension and other postretirement and postemployment benefits1,0551,5401,7631,8078091,005
Accrued environmental loss contingencies9059441,0281,035762728
Other liabilities3,3323,1593,0013,8141,0091,171
Operating lease, liability657585641854
Other undisclosed noncurrent liabilities  585  907 
Total noncurrent liabilities:34,76746,38553,26860,14915,11214,054
Total liabilities:42,52454,70961,49175,09822,52421,454
Equity
Equity, attributable to parent, including:30,08520,32718,57334,232(172)20,572
Preferred stock9,7629,7629,7629,762  
Common stock220217216209179179
Treasury stock, value(13,772)(10,673)(10,665)(10,653)(10,473)(9,168)
Additional paid in capital17,18116,74916,55214,9558,0467,884
Accumulated other comprehensive income (loss)195(208)(288)(221)(172)(258)
Retained earnings16,4994,4802,99620,18023,75021,935
Other undisclosed equity, attributable to parent     (21,502) 
Equity, attributable to noncontrolling interest      
Other undisclosed equity     21,502 
Total equity:30,08520,32718,57334,23221,33020,572
TOTAL LIABILITIES AND EQUITY:72,60975,03680,064109,33043,85442,026

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues36,63425,95617,80920,39315,56012,508
Revenue, net12,508
Cost of revenue
(Cost of Goods and Services Sold)
(3,273)(2,772)(2,408)(2,791)(3,976)(4,000)
Gross profit:33,36123,18415,40117,60211,5848,508
Operating expenses(2,521)(2,333)(2,219)(4,025)(549)(393)
Operating income:30,84020,85113,18213,57711,0358,115
Nonoperating income (expense)1,110122(423)233  
Investment income, nonoperating 317122(423)233  
Interest and debt expense(1,030)(1,614)(1,424)(1,066)(389)(345)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (16,407)(26,987)(13,164)(5,369)(6,799)
Income (loss) from continuing operations before equity method investments, income taxes:30,9202,952(15,652)(420)5,277971
Income from equity method investments  631370373331357
Other undisclosed income (loss) from continuing operations before income taxes(16,803)122(423)233  
Income (loss) from continuing operations before income taxes:14,1173,705(15,705)1865,6081,328
Income tax expense (benefit)(813)(915)2,172(693)(1,477)(17)
Income (loss) from continuing operations:13,3042,790(13,533)(507)4,1311,311
Income (loss) before gain (loss) on sale of properties:2,322(14,831)(522)4,1311,311
Loss from discontinued operations  (468)(1,298)(15)  
Net income (loss):13,3042,322(14,831)(522)4,1311,311
Net loss attributable to noncontrolling interest    (145)  
Other undisclosed net loss attributable to parent    (318)  
Net income (loss) attributable to parent:13,3042,322(14,831)(985)4,1311,311
Preferred stock dividends and other adjustments(800)(800)(844)   
Undistributed earnings (loss) allocated to participating securities, basic(83)(10)  (17)(6)
Net income (loss) available to common stockholders, basic:12,4211,512(15,675)(985)4,1141,305
Other undisclosed net income available to common stockholders, diluted6     
Net income (loss) available to common stockholders, diluted:12,4271,512(15,675)(985)4,1141,305

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):13,3042,322(14,831)(522)4,1311,311
Other comprehensive income (loss)40380(67)(49)(38)4
Comprehensive income (loss):13,7072,402(14,898)(571)4,0931,315
Comprehensive loss, net of tax, attributable to noncontrolling interest    (145)  
Other undisclosed comprehensive income, net of tax, attributable to parent     1824
Comprehensive income (loss), net of tax, attributable to parent:13,7072,402(14,898)(716)4,2751,319

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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