Stock Analysis on Net
Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

$24.99

Common-Size Balance Sheet: Assets

Paying user area

Try for free

Occidental Petroleum Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

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
Trade receivables, net of reserves
Joint interest receivables
Inventories
Other current assets
Current assets
Investments in unconsolidated entities
Property, plant and equipment, net
Operating lease assets
Other long-term assets
Long-term assets
Total assets

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).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited variability over the observed periods. It increased from 2.51% in 2020 to a peak of 3.68% in 2021, before declining to 1.36% in 2022. Subsequently, it showed a recovery trend, rising to 1.93% in 2023 and reaching 2.5% by 2024.
Trade receivables, net of reserves
This item demonstrated an overall growth initially, moving from 2.64% in 2020 to 5.61% in 2021 and slightly increasing to 5.9% in 2022. After peaking, it decreased moderately to 4.32% in 2023 and further to 4.13% in 2024, indicating a reduction in outstanding trade amounts relative to total assets over the last two years.
Joint interest receivables
Data for joint interest receivables was absent prior to 2023. In 2023, it accounted for 1.22% of total assets, declining to 0.84% in 2024. This suggests the emergence and subsequent reduction of this asset category in the most recent periods.
Inventories
The proportion of inventories increased steadily from 2.37% in 2020 to 2.84% in 2022, followed by a slight decline to 2.73% in 2023 and 2.45% in 2024. These fluctuations imply a relatively stable inventory level with minor decreases in the later years.
Other current assets
Other current assets as a percentage of total assets showed a decreasing pattern, dropping from 3.49% in 2020 to 0.7% in 2024. The decline was consistent year-over-year, reflecting a reduction in miscellaneous short-term asset holdings.
Current assets
Aggregate current assets peaked at 13.61% of total assets in 2021, rising from 11.01% in 2020. Subsequently, there was a gradual decline to 12.24% in 2022, 11.32% in 2023, and 10.62% in 2024. This trend suggests a shrinking proportion of liquid and short-term assets in relation to the overall asset base.
Investments in unconsolidated entities
The percentage of investments in unconsolidated entities exhibited minor fluctuations, moving from 4.06% in 2020 down to 3.7% in 2024. The highest value was observed in 2022 at 4.37%. Overall, this indicates a relatively stable but slightly declining investment presence.
Property, plant and equipment, net
This category consistently represented the largest portion of total assets, ranging between approximately 79% to 82%. It experienced a decline from 82.3% in 2020 to 79.87% in 2021, stabilized around 80.41% in 2022, dipped to 79.08% in 2023, and then increased to 81.2% in 2024, indicating sustained emphasis on fixed asset investments.
Operating lease assets
The share of operating lease assets showed some variability, decreasing from 1.33% in 2020 to 0.97% in 2021, increasing to 1.53% in 2023 before falling again to 1.1% in 2024. This pattern reflects changing commitments or adjustments in leasing asset classifications.
Other long-term assets
There was a notable increase in other long-term assets, rising from 1.3% in 2020 to a peak of 3.72% in 2023, followed by a slight reduction to 3.4% in 2024. The steep rise suggests growing investment or accumulation in less conventional long-term asset categories during the recent years.
Long-term assets
The aggregate long-term assets represented a dominant portion of total assets, consistently above 86%. The percentage declined from 88.99% in 2020 to 86.39% in 2021, then gradually increased over the subsequent years, reaching 89.38% in 2024. This reaffirms the company's asset composition focus on long-term holdings.
Total assets
By definition, total assets were unchanged at 100% across all reporting periods, serving as the baseline for percentage comparisons among asset categories.