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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4266114861,1659841,233
Cash and cash equivalents1,4266114861,1659841,233
Receivables3,1953,6742,8503,2724,2814,046
Inventory, net of allowances, customer advances and progress billings2,0221,9752,0212,3112,0591,937
Inventory2,0221,9752,0212,3112,0591,937
Other current assets1,7322,0062,0971,3941,5621,533
Total current assets:8,3758,2667,4548,1428,8868,749
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 738   686 
Operating lease, right-of-use asset1,130854827852903825
Long-term investments and receivables3,2243,3203,4313,1613,1763,156
Long-term investments3,2243,3203,4313,1613,1763,156
Restricted cash and investments171618171615
Other noncurrent assets2,750     
Other undisclosed noncurrent assets57,77459,37159,46959,42858,94259,399
Total noncurrent assets:65,63363,56163,74563,45863,72363,395
TOTAL ASSETS:74,00871,82771,19971,60072,60972,144
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,5007,4056,7106,3027,3197,141
Accounts payable3,6463,9083,5573,5144,0293,715
Accrued liabilities3,8543,4973,1532,7883,2903,426
Debt1,2021,224158139165546
Accrued environmental loss contingencies 141141141  
Asset retirement obligation 193   169 
Other undisclosed current liabilities253171447858104248
Total current liabilities:9,1488,9417,4567,4407,7577,935
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,53618,59719,66919,64519,67021,094
Long-term debt, excluding current maturities 18,59719,66919,645 20,478
Finance lease, liability591593587540546 
Other undisclosed long-term debt and lease obligation17,945(593)(587)(540)19,124 
Liabilities, other than long-term debt15,97514,97714,96314,95615,09714,395
Asset retirement obligations3,8823,6363,6673,6183,6363,553
Deferred income tax liabilities5,7645,6665,6055,5275,5125,304
Liability, pension and other postretirement and postemployment benefits9319109789771,0551,427
Accrued environmental loss contingencies889860867890905893
Other liabilities3,7823,3283,2703,3493,3323,218
Operating lease, liability727577576595657616
Total noncurrent liabilities:34,51133,57434,63234,60134,76735,489
Total liabilities:43,65942,51542,08842,04142,52443,424
Equity
Equity, attributable to parent30,25029,31229,11129,55930,08528,720
Preferred stock8,2878,2878,6219,1309,7629,762
Common stock222221221221220220
Treasury stock, value(15,582)(15,573)(14,958)(14,524)(13,772)(13,192)
Additional paid in capital17,42217,32617,21817,15917,18117,129
Accumulated other comprehensive income (loss)275293247255195(87)
Retained earnings19,62618,75817,76217,31816,49914,888
Equity, attributable to noncontrolling interest99     
Total equity:30,34929,31229,11129,55930,08528,720
TOTAL LIABILITIES AND EQUITY:74,00871,82771,19971,60072,60972,144

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues7,1727,1586,7027,2258,2199,390
Cost of revenue
(Cost of Goods and Services Sold)
(898)(682)(791)(745)(785)(835)
Gross profit:6,2746,4765,9116,4807,4348,555
Operating expenses(558)(519)(388)(647)(745)(617)
Operating income:5,7165,9575,5235,8336,6897,938
Nonoperating income14310618510077870
Investment income, nonoperating      70
Interest and debt expense(247)(230)(230)(238)(260)(285)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     12,914(4,341)
Income from continuing operations before equity method investments, income taxes:5,6125,8335,4785,69520,1213,382
Income (loss) from equity method investments     (586)196
Other undisclosed income (loss) from continuing operations before income taxes(4,053)(4,024)(4,151)(3,961)(17,135)70
Income from continuing operations before income taxes:1,5591,8091,3271,7342,4003,648
Income tax expense(361)(434)(467)(471)(473)(902)
Income from continuing operations:1,1981,3758601,2631,9272,746
Income before gain (loss) on sale of properties:2,746
Income from discontinued operations      
Net income attributable to parent:1,1981,3758601,2631,9272,746
Preferred stock dividends and other adjustments(169)(219)(255)(280)(200)(200)
Undistributed earnings (loss) allocated to participating securities, basic(6)(7)(4)(6)(7)(18)
Net income available to common stockholders, basic:1,0231,1496019771,7202,528
Other undisclosed net income available to common stockholders, diluted 11   1
Net income available to common stockholders, diluted:1,0241,1506019771,7202,529

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:1,1981,3758601,2631,9272,746
Other comprehensive income (loss)(18)46(8)6028248
Comprehensive income, net of tax, attributable to parent:1,1801,4218521,3232,2092,794

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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