Occidental Petroleum Corporation (OXY) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,426 | 984 | 2,764 | 2,008 | 3,032 | 3,033 | |||
| Cash and cash equivalents | 1,426 | 984 | 2,764 | 2,008 | 3,032 | 3,033 | |||
| Restricted cash and investments | 24 | 170 | 480 | ||||||
| Receivables | 3,195 | 4,281 | 4,208 | 2,115 | 6,373 | 4,893 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,022 | 2,059 | 1,846 | 1,898 | 1,447 | 1,260 | |||
| Inventory | 2,022 | 2,059 | 1,846 | 1,898 | 1,447 | 1,260 | |||
| Asset, held-for-sale, not part of disposal group | 72 | 1,433 | 6,026 | ||||||
| Other current assets | 1,732 | 1,562 | 1,297 | 1,195 | 1,323 | 746 | |||
| Total current assets: | 8,375 | 8,886 | 10,211 | 8,819 | 18,681 | 9,932 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 738 | 686 | 581 | 365 | 397 | ✕ | |||
| Operating lease, right-of-use asset | 1,130 | 903 | 726 | 1,062 | 1,385 | ✕ | |||
| Property, plant and equipment | 80,469 | 31,437 | |||||||
| Long-term investments and receivables | 3,224 | 3,176 | 2,938 | 3,250 | 6,389 | 1,680 | |||
| Long-term investments | 3,224 | 3,176 | 2,938 | 3,250 | 6,389 | 1,680 | |||
| Restricted cash and investments | 17 | 16 | 15 | 16 | 54 | ||||
| Other noncurrent assets | 2,750 | ||||||||
| Other undisclosed noncurrent assets | 57,774 | 58,942 | 60,565 | 66,552 | 1,955 | 805 | |||
| Total noncurrent assets: | 65,633 | 63,723 | 64,825 | 71,245 | 90,649 | 33,922 | |||
| TOTAL ASSETS: | 74,008 | 72,609 | 75,036 | 80,064 | 109,330 | 43,854 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 7,500 | 7,319 | 7,945 | 6,557 | 12,319 | 7,296 | |||
| Accounts payable | 3,646 | 4,029 | 3,899 | 2,987 | 7,017 | 4,885 | |||
| Accrued liabilities | 3,854 | 3,290 | 4,046 | 3,570 | 5,302 | 2,411 | |||
| Debt | 1,202 | 165 | 186 | 440 | 620 | 116 | |||
| Accrued environmental loss contingencies | |||||||||
| Asset retirement obligation | 193 | 169 | |||||||
| Other undisclosed current liabilities | 253 | 104 | 193 | 1,226 | 2,010 | ||||
| Total current liabilities: | 9,148 | 7,757 | 8,324 | 8,223 | 14,949 | 7,412 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 18,536 | 19,670 | 29,431 | 36,386 | 39,391 | 10,201 | |||
| Long-term debt, excluding current maturities | 35,745 | 38,537 | 10,201 | ||||||
| Finance lease, liability | 591 | 546 | 504 | ✕ | |||||
| Other undisclosed long-term debt and lease obligation | 17,945 | 19,124 | 28,342 | ||||||
| Liabilities, other than long-term debt | 15,975 | 15,097 | 16,369 | 16,882 | 20,758 | 4,004 | |||
| Asset retirement obligations | 3,882 | 3,636 | 3,687 | 3,977 | 4,385 | 1,424 | |||
| Deferred income tax liabilities | 5,764 | 5,512 | 7,039 | 7,113 | 9,717 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 931 | 1,055 | 1,540 | 1,763 | 1,807 | 809 | |||
| Accrued environmental loss contingencies | 889 | 905 | 944 | 1,028 | 1,035 | 762 | |||
| Other liabilities | 3,782 | 3,332 | 3,159 | 3,001 | 3,814 | 1,009 | |||
| Operating lease, liability | 727 | 657 | 585 | 641 | 854 | ✕ | |||
| Other undisclosed noncurrent liabilities | 585 | 907 | |||||||
| Total noncurrent liabilities: | 34,511 | 34,767 | 46,385 | 53,268 | 60,149 | 15,112 | |||
| Total liabilities: | 43,659 | 42,524 | 54,709 | 61,491 | 75,098 | 22,524 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 30,250 | 30,085 | 20,327 | 18,573 | 34,232 | (172) | |||
| Preferred stock | 8,287 | 9,762 | 9,762 | 9,762 | 9,762 | ||||
| Common stock | 222 | 220 | 217 | 216 | 209 | 179 | |||
| Treasury stock, value | (15,582) | (13,772) | (10,673) | (10,665) | (10,653) | (10,473) | |||
| Additional paid in capital | 17,422 | 17,181 | 16,749 | 16,552 | 14,955 | 8,046 | |||
| Accumulated other comprehensive income (loss) | 275 | 195 | (208) | (288) | (221) | (172) | |||
| Retained earnings | 19,626 | 16,499 | 4,480 | 2,996 | 20,180 | 23,750 | |||
| Other undisclosed equity, attributable to parent | (21,502) | ||||||||
| Equity, attributable to noncontrolling interest | 99 | ||||||||
| Other undisclosed equity | 21,502 | ||||||||
| Total equity: | 30,349 | 30,085 | 20,327 | 18,573 | 34,232 | 21,330 | |||
| TOTAL LIABILITIES AND EQUITY: | 74,008 | 72,609 | 75,036 | 80,064 | 109,330 | 43,854 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 28,257 | 36,634 | 25,956 | 17,809 | 20,393 | 15,560 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (3,116) | (3,273) | (2,772) | (2,408) | (2,791) | (3,976) | ||
| Gross profit: | 25,141 | 33,361 | 23,184 | 15,401 | 17,602 | 11,584 | ||
| Operating expenses | (2,112) | (2,521) | (2,333) | (2,219) | (4,025) | (549) | ||
| Operating income: | 23,029 | 30,840 | 20,851 | 13,182 | 13,577 | 11,035 | ||
| Nonoperating income (expense) | 534 | 1,110 | 122 | (423) | 233 | |||
| Investment income, nonoperating | 317 | 122 | (423) | 233 | ||||
| Interest and debt expense | (945) | (1,030) | (1,614) | (1,424) | (1,066) | (389) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (16,407) | (26,987) | (13,164) | (5,369) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 22,618 | 30,920 | 2,952 | (15,652) | (420) | 5,277 | ||
| Income from equity method investments | 631 | 370 | 373 | 331 | ||||
| Other undisclosed income (loss) from continuing operations before income taxes | (16,189) | (16,803) | 122 | (423) | 233 | |||
| Income (loss) from continuing operations before income taxes: | 6,429 | 14,117 | 3,705 | (15,705) | 186 | 5,608 | ||
| Income tax expense (benefit) | (1,733) | (813) | (915) | 2,172 | (693) | (1,477) | ||
| Income (loss) from continuing operations: | 4,696 | 13,304 | 2,790 | (13,533) | (507) | 4,131 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,322 | (14,831) | (522) | 4,131 | |
| Income (loss) from discontinued operations | (468) | (1,298) | (15) | |||||
| Net income (loss): | 4,696 | 13,304 | 2,322 | (14,831) | (522) | 4,131 | ||
| Net loss attributable to noncontrolling interest | (145) | |||||||
| Other undisclosed net loss attributable to parent | (318) | |||||||
| Net income (loss) attributable to parent: | 4,696 | 13,304 | 2,322 | (14,831) | (985) | 4,131 | ||
| Preferred stock dividends and other adjustments | (923) | (800) | (800) | (844) | ||||
| Undistributed earnings (loss) allocated to participating securities, basic | (23) | (83) | (10) | (17) | ||||
| Net income (loss) available to common stockholders, basic: | 3,750 | 12,421 | 1,512 | (15,675) | (985) | 4,114 | ||
| Other undisclosed net income available to common stockholders, diluted | 2 | 6 | ||||||
| Net income (loss) available to common stockholders, diluted: | 3,752 | 12,427 | 1,512 | (15,675) | (985) | 4,114 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4,696 | 13,304 | 2,322 | (14,831) | (522) | 4,131 | ||
| Other comprehensive income (loss) | 80 | 403 | 80 | (67) | (49) | (38) | ||
| Comprehensive income (loss): | 4,776 | 13,707 | 2,402 | (14,898) | (571) | 4,093 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (145) | |||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 182 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,776 | 13,707 | 2,402 | (14,898) | (716) | 4,275 | ||
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.