Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Occidental Petroleum Corp., common-size consolidated balance sheet: assets (quarterly data)

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Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents
Trade receivables, net of reserves
Joint interest receivables
Inventories
Other current assets
Current assets
Investments in unconsolidated entities
Oil and gas
Chemical
Midstream and marketing
Corporate
Property, plant and equipment, gross
Accumulated depreciation, depletion and amortization
Property, plant and equipment, net
Operating lease assets
Other long-term assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Cash and cash equivalents
Exhibited fluctuations with a peak at 5.72% in June 2021, followed by a decline to below 1% by mid-2023. A gradual recovery trend is observed towards early 2025, reaching 3.07% of total assets.
Trade receivables, net of reserves
Increased steadily from 2.42% in early 2020 to a high of 8.56% in mid-2022, then declined consistently through 2023 before stabilizing around 4-5% in 2024 and early 2025.
Joint interest receivables
Data available only for the two most recent quarters, showing a slight decline from 0.84% to 0.77% of total assets, indicating minor reduction in receivables from joint interests.
Inventories
General upward trend from 1.41% in early 2020, peaking at 3.69% in mid-2024, followed by a modest decrease towards early 2025. The inventory ratio demonstrated some volatility but remained elevated compared to 2020.
Other current assets
Dropped sharply from 8.06% in March 2020 to around 1-2% from 2021 onwards, indicating a substantial shift or reduction in other current assets proportion relative to total assets over time.
Current assets
Varied between 9.43% and 16.07%, with a peak in mid-2021. The percentage stabilized around 10-13% from 2022 to early 2025, demonstrating relative steadiness despite fluctuations in specific current asset components.
Investments in unconsolidated entities
Generally stable around 3.7% to 6.85%, with slightly higher values in early periods and late 2023. The proportion showed minor variations but no major trend changes.
Oil and gas
Consistently the largest asset component, increasing from 105.28% in early 2020 to a peak near 150% in late 2021 and early 2023, followed by a moderate decline below 145% by early 2025. This indicates continued significant capitalization and growth in oil and gas assets relative to total assets.
Chemical
Displayed a gradual increase from 7.07% in early 2020 to above 11% by late 2023, before slightly declining to around 10.5% toward early 2025, showing expansion and stabilization in chemical asset allocation.
Midstream and marketing
Increased from approximately 8% to above 11% by mid-2024 and early 2025, reflecting steady growth in midstream and marketing assets over the period.
Corporate
Represented a minor and stable portion of total assets, remaining between 1.05% and 1.43%, with slight upward movement in 2023-2024.
Property, plant and equipment, gross
Progressive increase from 121.47% in early 2020 to peaks above 174% during late 2022 and early 2023, followed by a mild decline to around 167% in early 2025, indicating ongoing capital investment and asset growth, although with some retrenchment toward the end.
Accumulated depreciation, depletion and amortization
Increased in absolute terms (more negative) steadily from -43.67% in early 2020 to as much as -93.94% by early 2024. A notable reduction in the extent of accumulated depreciation occurred thereafter, with a decline to -87.23% by early 2025, possibly indicating asset write-offs or changes in depreciation accounting.
Property, plant and equipment, net
Remained fairly stable between approximately 77.8% and 81.9% of total assets, showing little net change despite fluctuations in gross asset values and accumulated depreciation. A slight downward trend was visible between 2023 and early 2025.
Operating lease assets
Maintained a narrow range around 1.0-1.5%, peaking in early 2024 and then gradually declining towards early 2025, indicating relatively stable leasing activity.
Other long-term assets
Rose from around 1.2% in 2020 to a higher level near 3.7% during early 2024 and stabilized near this elevated level through early 2025, suggesting growing allocation to other long-term asset categories.
Long-term assets
Varied closely around 86-90% over the entire period, with a slight reduction in mid-2024, reflecting overall consistency in the composition and scale of long-term asset holdings.
Total assets
Underlying category serving as 100% baseline; other values discussed are relative to this total.