Occidental Petroleum Corporation (OXY) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0323,0331,6722,2333,3684,1833,393
Cash and cash equivalents3,0323,0331,6722,2333,2013,7893,393
Short-term investments    167394 
Restricted cash and investments480      
Receivables6,3734,8934,1453,9892,9704,2065,674
Inventory, net of allowances, customer advances and progress billings1,4471,2601,2468669861,0521,200
Inventory1,4471,2601,2468669861,0521,200
Disposal group, including discontinued operation  474 141  
Assets held-for-sale, not part of disposal group6,026    
Other current assets1,3237467331,3409118071,056
Other undisclosed current assets    1,0263,625 
Total current assets:18,6819,9328,2708,4289,40213,87311,323
Noncurrent Assets
Finance lease, right-of-use asset397
Operating lease, right-of-use asset1,385
Property, plant and equipment80,46931,43731,17432,33731,63939,73055,821
Long-term investments and receivables6,3891,6801,5151,4011,4341,5651,459
Long-term investments6,3891,6801,5151,4011,4341,5651,459
Restricted cash and investments54      
Other undisclosed noncurrent assets1,9558051,0679439621,091840
Total noncurrent assets:90,64933,92233,75634,68134,03542,38658,120
TOTAL ASSETS:109,33043,85442,02643,10943,43756,25969,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,3197,2966,9006,3625,2828,2448,434
Accounts payable7,0174,8854,4083,9263,0695,2295,520
Accrued liabilities5,3022,4112,4922,4362,2132,6012,556
Taxes payable     414358
Debt620116500    
Accrued environmental loss contingencies    707978
Other undisclosed current liabilities2,010   1,490(79)(78)
Total current liabilities:14,9497,4127,4006,3626,8428,2448,434
Noncurrent Liabilities
Long-term debt and lease obligation39,39110,2019,3289,8196,8836,8386,939
Long-term debt, excluding current maturities38,53710,2019,3289,8196,8836,8386,939
Operating lease, liability854
Liabilities, other than long-term debt20,7584,0044,7265,4315,3627,49712,233
Asset retirement obligations4,3851,4241,241  1,0241,283
Deferred tax liabilities, net 5811,1321,3233,0157,197
Deferred income tax liabilities9,717
Liability, pension and other postretirement and postemployment benefits1,8078091,005   
Accrued environmental loss contingencies1,035762728  255252
Other liabilities3,8141,0091,1714,2994,0393,2033,501
Other undisclosed noncurrent liabilities 907   (1,279)(1,535)
Total noncurrent liabilities:60,14915,11214,05415,25012,24513,05617,637
Total liabilities:75,09822,52421,45421,61219,08721,30026,071
Stockholders' equity
Stockholders' equity attributable to parent, including:34,232(172)20,57221,49724,35034,95943,126
Preferred stock9,762      
Common stock209179179178178178178
Treasury stock, value(10,653)(10,473)(9,168)(9,143)(9,121)(8,528)(6,095)
Additional paid in capital14,9558,0467,8847,7477,6407,5997,515
Accumulated other comprehensive loss(221)(172)(258)(266)(307)(357)(303)
Retained earnings20,18023,75021,93522,98125,96036,06741,831
Other undisclosed stockholders' equity attributable to parent (21,502)     
Stockholders' equity attributable to noncontrolling interest      246
Other undisclosed stockholders' equity 21,502     
Total stockholders' equity:34,23221,33020,57221,49724,35034,95943,372
TOTAL LIABILITIES AND EQUITY:109,33043,85442,02643,10943,43756,25969,443

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues20,39315,56012,50810,09012,48019,31224,455
Revenue, net12,50810,09012,48019,31224,455
Cost of revenue
(Cost of Goods and Services Sold)
(2,791)(3,976)(4,000)(4,266)(4,540)(4,257)(5,341)
Gross profit:17,60211,5848,5085,8247,94015,05519,114
Operating expenses(4,025)(549)(393)(339)(1,270)(1,503)(1,801)
Operating income:13,57711,0358,1155,4856,67013,55217,313
Nonoperating income
(Investment Income, Nonoperating)
233    2,43411
Interest and debt expense(1,066)(389)(345)(292)(147)(77)(118)
Other undisclosed loss from continuing operations before equity method investments, income taxes(13,164)(5,369)(6,799)(7,038)(16,207)(14,685)(7,924)
Income (loss) from continuing operations before equity method investments, income taxes:(420)5,277971(1,845)(9,684)1,2249,282
Income from equity method investments373331357181208331395
Other undisclosed income from continuing operations before income taxes233      
Income (loss) from continuing operations before income taxes:1865,6081,328(1,664)(9,476)1,5559,677
Income tax expense (benefit)(693)(1,477)(17)6621,330(1,685)(3,755)
Income (loss) from continuing operations:(507)4,1311,311(1,002)(8,146)(130)5,922
Income (loss) from discontinued operations(15)  428317760(19)
Net income (loss):(522)4,1311,311(574)(7,829)6305,903
Net loss attributable to noncontrolling interest(145)    (14) 
Other undisclosed net loss attributable to parent(318)      
Net income (loss) attributable to parent:(985)4,1311,311(574)(7,829)6165,903
Undistributed earnings (loss) allocated to participating securities, basic (17)(6)
Other undisclosed net loss available to common stockholders, basic      (13)
Net income (loss) available to common stockholders, diluted:(985)4,1141,305(574)(7,829)6165,890

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(522)4,1311,311(574)(7,829)6305,903
Other comprehensive income (loss)(49)(38)4 (27)44 
Comprehensive income (loss):(571)4,0931,315(574)(7,856)6745,903
Comprehensive loss, net of tax, attributable to noncontrolling interest(145)    (14) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 18244177(98)199
Comprehensive income (loss), net of tax, attributable to parent:(716)4,2751,319(533)(7,779)5626,102

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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