Occidental Petroleum Corporation (OXY) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0083,0323,0331,6722,2333,3684,183
Cash and cash equivalents2,0083,0323,0331,6722,2333,2013,789
Short-term investments     167394
Restricted cash and investments170480     
Receivables2,1156,3734,8934,1453,9892,9704,206
Inventory, net of allowances, customer advances and progress billings1,8981,4471,2601,2468669861,052
Inventory1,8981,4471,2601,2468669861,052
Disposal group, including discontinued operation   474 141 
Assets held-for-sale, not part of disposal group1,4336,026    
Other current assets1,1951,3237467331,340911807
Other undisclosed current assets     1,0263,625
Total current assets:8,81918,6819,9328,2708,4289,40213,873
Noncurrent Assets
Finance lease, right-of-use asset365397
Operating lease, right-of-use asset1,0621,385
Property, plant and equipment 80,46931,43731,17432,33731,63939,730
Long-term investments and receivables3,2506,3891,6801,5151,4011,4341,565
Long-term investments3,2506,3891,6801,5151,4011,4341,565
Restricted cash and investments1654     
Other undisclosed noncurrent assets66,5521,9558051,0679439621,091
Total noncurrent assets:71,24590,64933,92233,75634,68134,03542,386
TOTAL ASSETS:80,064109,33043,85442,02643,10943,43756,259
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,55712,3197,2966,9006,3625,2828,244
Accounts payable2,9877,0174,8854,4083,9263,0695,229
Accrued liabilities3,5705,3022,4112,4922,4362,2132,601
Taxes payable      414
Debt440620116500   
Accrued environmental loss contingencies     7079
Other undisclosed current liabilities1,2262,010   1,490(79)
Total current liabilities:8,22314,9497,4127,4006,3626,8428,244
Noncurrent Liabilities
Long-term debt and lease obligation36,38639,39110,2019,3289,8196,8836,838
Long-term debt, excluding current maturities35,74538,53710,2019,3289,8196,8836,838
Operating lease, liability641854
Liabilities, other than long-term debt16,88220,7584,0044,7265,4315,3627,497
Asset retirement obligations3,9774,3851,4241,241  1,024
Deferred tax liabilities, net 5811,1321,3233,015
Deferred income tax liabilities7,1139,717
Liability, pension and other postretirement and postemployment benefits1,7631,8078091,005   
Accrued environmental loss contingencies1,0281,035762728  255
Other liabilities3,0013,8141,0091,1714,2994,0393,203
Other undisclosed noncurrent liabilities  907   (1,279)
Total noncurrent liabilities:53,26860,14915,11214,05415,25012,24513,056
Total liabilities:61,49175,09822,52421,45421,61219,08721,300
Stockholders' equity
Stockholders' equity attributable to parent, including:18,57334,232(172)20,57221,49724,35034,959
Preferred stock9,7629,762     
Common stock216209179179178178178
Treasury stock, value(10,665)(10,653)(10,473)(9,168)(9,143)(9,121)(8,528)
Additional paid in capital16,55214,9558,0467,8847,7477,6407,599
Accumulated other comprehensive loss(288)(221)(172)(258)(266)(307)(357)
Retained earnings2,99620,18023,75021,93522,98125,96036,067
Other undisclosed stockholders' equity attributable to parent  (21,502)    
Other undisclosed stockholders' equity  21,502    
Total stockholders' equity:18,57334,23221,33020,57221,49724,35034,959
TOTAL LIABILITIES AND EQUITY:80,064109,33043,85442,02643,10943,43756,259

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues17,80920,39315,56012,50810,09012,48019,312
Revenue, net12,50810,09012,48019,312
Cost of revenue
(Cost of Goods and Services Sold)
(2,408)(2,791)(3,976)(4,000)(4,266)(4,540)(4,257)
Gross profit:15,40117,60211,5848,5085,8247,94015,055
Operating expenses(2,219)(4,025)(549)(393)(339)(1,270)(1,503)
Operating income:13,18213,57711,0358,1155,4856,67013,552
Nonoperating income (expense)
(Investment Income, Nonoperating)
(423)233    2,434
Interest and debt expense(1,424)(1,066)(389)(345)(292)(147)(77)
Other undisclosed loss from continuing operations before equity method investments, income taxes(26,987)(13,164)(5,369)(6,799)(7,038)(16,207)(14,685)
Income (loss) from continuing operations before equity method investments, income taxes:(15,652)(420)5,277971(1,845)(9,684)1,224
Income from equity method investments370373331357181208331
Other undisclosed income (loss) from continuing operations before income taxes(423)233     
Income (loss) from continuing operations before income taxes:(15,705)1865,6081,328(1,664)(9,476)1,555
Income tax expense (benefit)2,172(693)(1,477)(17)6621,330(1,685)
Income (loss) from continuing operations:(13,533)(507)4,1311,311(1,002)(8,146)(130)
Income (loss) from discontinued operations(1,298)(15)  428317760
Net income (loss):(14,831)(522)4,1311,311(574)(7,829)630
Net loss attributable to noncontrolling interest (145)    (14)
Other undisclosed net loss attributable to parent (318)     
Net income (loss) attributable to parent:(14,831)(985)4,1311,311(574)(7,829)616
Preferred stock dividends and other adjustments(844)      
Undistributed earnings (loss) allocated to participating securities, basic  (17)(6)
Net income (loss) available to common stockholders, diluted:(15,675)(985)4,1141,305(574)(7,829)616

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(14,831)(522)4,1311,311(574)(7,829)630
Other comprehensive income (loss)(67)(49)(38)4 (27)44
Comprehensive income (loss):(14,898)(571)4,0931,315(574)(7,856)674
Comprehensive loss, net of tax, attributable to noncontrolling interest (145)    (14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  18244177(98)
Comprehensive income (loss), net of tax, attributable to parent:(14,898)(716)4,2751,319(533)(7,779)562

Statements sources

The financial statements are based on the company's filings with the 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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