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Occidental Petroleum Corp. (NYSE:OXY)

This company has been moved to the archive! The financial data has not been updated since August 6, 2025.

Common-Size Balance Sheet: Assets

Occidental Petroleum Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 2.50 1.93 1.36 3.68 2.51
Trade receivables, net of reserves 4.13 4.32 5.90 5.61 2.64
Joint interest receivables 0.84 1.22 0.00 0.00 0.00
Inventories 2.45 2.73 2.84 2.46 2.37
Other current assets 0.70 1.12 2.15 1.86 3.49
Current assets 10.62% 11.32% 12.24% 13.61% 11.01%
Investments in unconsolidated entities 3.70 4.36 4.37 3.92 4.06
Property, plant and equipment, net 81.20 79.08 80.41 79.87 82.30
Operating lease assets 1.10 1.53 1.24 0.97 1.33
Other long-term assets 3.40 3.72 1.74 1.64 1.30
Long-term assets 89.38% 88.68% 87.76% 86.39% 88.99%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

The asset structure is characterized by a heavy concentration in non-current assets, reflecting a capital-intensive operational model. Long-term assets consistently represent the vast majority of the total balance sheet, fluctuating between 86.39% and 89.38% over the five-year period, while current assets have remained relatively low, peaking in 2021 and gradually declining thereafter.

Current Asset Trends
Current assets as a percentage of total assets reached a peak of 13.61% in 2021 before trending downward to 10.62% by December 31, 2024. This decline is primarily driven by a reduction in other current assets, which fell from 3.49% in 2020 to 0.70% in 2024. Trade receivables experienced a significant expansion, rising from 2.64% in 2020 to a high of 5.90% in 2022, before stabilizing at 4.13% in 2024. Cash and cash equivalents remained volatile and low, ranging from a low of 1.36% in 2022 to a high of 3.68% in 2021.
Fixed Asset Analysis
Property, plant and equipment, net, constitutes the dominant component of the total asset base. This item consistently accounted for approximately 80% of total assets, starting at 82.30% in 2020, dipping to 79.08% in 2023, and returning to 81.20% by the end of 2024. This stability indicates a consistent reinvestment strategy in core physical infrastructure and resource assets.
Other Long-Term Assets and Investments
Investments in unconsolidated entities remained relatively stable, fluctuating slightly between 3.70% and 4.37%. A notable increase was observed in other long-term assets, which rose from 1.30% in 2020 to 3.40% in 2024, with a sharp increase occurring between 2022 (1.74%) and 2023 (3.72%). Additionally, joint interest receivables emerged as a recorded component in the final two years of the period, representing 1.22% in 2023 and 0.84% in 2024.

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