Occidental Petroleum Corporation (OXY) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7642,0083,0323,0331,6722,2333,368
Cash and cash equivalents2,7642,0083,0323,0331,6722,2333,201
Short-term investments      167
Restricted cash and investments24170480    
Receivables4,2082,1156,3734,8934,1453,9892,970
Inventory, net of allowances, customer advances and progress billings1,8461,8981,4471,2601,246866986
Inventory1,8461,8981,4471,2601,246866986
Disposal group, including discontinued operation    474 141
Assets held-for-sale, not part of disposal group721,4336,026    
Other current assets1,2971,1951,3237467331,340911
Other undisclosed current assets      1,026
Total current assets:10,2118,81918,6819,9328,2708,4289,402
Noncurrent Assets
Finance lease, right-of-use asset581365397
Operating lease, right-of-use asset7261,0621,385
Property, plant and equipment  80,46931,43731,17432,33731,639
Long-term investments and receivables2,9383,2506,3891,6801,5151,4011,434
Long-term investments2,9383,2506,3891,6801,5151,4011,434
Restricted cash and investments151654    
Other undisclosed noncurrent assets60,56566,5521,9558051,067943962
Total noncurrent assets:64,82571,24590,64933,92233,75634,68134,035
TOTAL ASSETS:75,03680,064109,33043,85442,02643,10943,437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,9456,55712,3197,2966,9006,3625,282
Accounts payable3,8992,9877,0174,8854,4083,9263,069
Accrued liabilities4,0463,5705,3022,4112,4922,4362,213
Debt186440620116500  
Accrued environmental loss contingencies      70
Other undisclosed current liabilities1931,2262,010   1,490
Total current liabilities:8,3248,22314,9497,4127,4006,3626,842
Noncurrent Liabilities
Long-term debt and lease obligation, including:29,43136,38639,39110,2019,3289,8196,883
Long-term debt, excluding current maturities 35,74538,53710,2019,3289,8196,883
Finance lease, liability504  
Operating lease, liability585641854
Other undisclosed long-term debt and lease obligation28,342      
Liabilities, other than long-term debt16,36916,88220,7584,0044,7265,4315,362
Asset retirement obligations3,6873,9774,3851,4241,241  
Deferred tax liabilities, net 5811,1321,323
Deferred income tax liabilities7,0397,1139,717
Liability, pension and other postretirement and postemployment benefits1,5401,7631,8078091,005  
Accrued environmental loss contingencies9441,0281,035762728  
Other liabilities3,1593,0013,8141,0091,1714,2994,039
Other undisclosed noncurrent liabilities585  907   
Total noncurrent liabilities:46,38553,26860,14915,11214,05415,25012,245
Total liabilities:54,70961,49175,09822,52421,45421,61219,087
Stockholders' equity
Stockholders' equity attributable to parent, including:20,32718,57334,232(172)20,57221,49724,350
Preferred stock9,7629,7629,762    
Common stock217216209179179178178
Treasury stock, value(10,673)(10,665)(10,653)(10,473)(9,168)(9,143)(9,121)
Additional paid in capital16,74916,55214,9558,0467,8847,7477,640
Accumulated other comprehensive loss(208)(288)(221)(172)(258)(266)(307)
Retained earnings4,4802,99620,18023,75021,93522,98125,960
Other undisclosed stockholders' equity attributable to parent   (21,502)   
Other undisclosed stockholders' equity   21,502   
Total stockholders' equity:20,32718,57334,23221,33020,57221,49724,350
TOTAL LIABILITIES AND EQUITY:75,03680,064109,33043,85442,02643,10943,437

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues25,95617,80920,39315,56012,50810,09012,480
Revenue, net12,50810,09012,480
Cost of revenue
(Cost of Goods and Services Sold)
(2,772)(2,408)(2,791)(3,976)(4,000)(4,266)(4,540)
Gross profit:23,18415,40117,60211,5848,5085,8247,940
Operating expenses(2,333)(2,219)(4,025)(549)(393)(339)(1,270)
Operating income:20,85113,18213,57711,0358,1155,4856,670
Nonoperating income (expense)
(Investment Income, Nonoperating)
122(423)233    
Interest and debt expense(1,614)(1,424)(1,066)(389)(345)(292)(147)
Other undisclosed loss from continuing operations before equity method investments, income taxes(16,407)(26,987)(13,164)(5,369)(6,799)(7,038)(16,207)
Income (loss) from continuing operations before equity method investments, income taxes:2,952(15,652)(420)5,277971(1,845)(9,684)
Income from equity method investments631370373331357181208
Other undisclosed income (loss) from continuing operations before income taxes122(423)233    
Income (loss) from continuing operations before income taxes:3,705(15,705)1865,6081,328(1,664)(9,476)
Income tax expense (benefit)(915)2,172(693)(1,477)(17)6621,330
Income (loss) from continuing operations:2,790(13,533)(507)4,1311,311(1,002)(8,146)
Income (loss) from discontinued operations(468)(1,298)(15)  428317
Net income (loss):2,322(14,831)(522)4,1311,311(574)(7,829)
Net loss attributable to noncontrolling interest  (145)    
Other undisclosed net loss attributable to parent  (318)    
Net income (loss) attributable to parent:2,322(14,831)(985)4,1311,311(574)(7,829)
Preferred stock dividends and other adjustments(800)(844)     
Undistributed earnings (loss) allocated to participating securities, basic(10)  (17)(6)
Net income (loss) available to common stockholders, diluted:1,512(15,675)(985)4,1141,305(574)(7,829)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,322(14,831)(522)4,1311,311(574)(7,829)
Other comprehensive income (loss)80(67)(49)(38)4 (27)
Comprehensive income (loss):2,402(14,898)(571)4,0931,315(574)(7,856)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (145)    
Other undisclosed comprehensive income, net of tax, attributable to parent   18244177
Comprehensive income (loss), net of tax, attributable to parent:2,402(14,898)(716)4,2751,319(533)(7,779)

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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