Common-Size Balance Sheet: Assets
Quarterly Data
Occidental Petroleum Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 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
- The proportion of cash and cash equivalents relative to total assets fluctuates over the periods, initially declining in mid-2020, reaching a peak of 5.72% by June 2021, before generally trending downward toward early 2023. Subsequently, it shows a recovery trend, increasing to approximately 3.07% by March 2025.
- Trade Receivables, Net of Reserves
- The share of trade receivables grows significantly from 2.42% in March 2020 to 8.56% by June 2022, suggesting increased sales or extended credit terms. After this peak, values decline moderately, stabilizing around the 4-5% range through the latest periods.
- Joint Interest Receivables
- Data for joint interest receivables is only available for the final three quarters, presenting a modest and slightly decreasing trend roughly between 0.84% and 0.76% of total assets.
- Inventories
- Inventories as a percentage of total assets show an overall increasing trend from 1.41% in early 2020 to a peak of 3.69% in mid-2024, before showing a moderate decline toward the end of the dataset. This suggests accumulation of inventory in certain periods, possibly reflecting strategic stockpiling or operational adjustments.
- Other Current Assets
- This category experiences a considerable drop from 8.06% in March 2020 to a low near 0.7% by early 2025, indicating a substantial reduction in miscellaneous short-term assets over the observed timeframe.
- Current Assets Overall
- Current assets as a proportion of total assets peak at 16.07% in June 2021, followed by a general decline and stabilization around 10-13% in the following years, reflecting shifts in liquidity management and working capital structuring.
- Investments in Unconsolidated Entities
- These assets show initial volatility, decreasing sharply by September 2020, then fluctuating mildly between 3.49% and 4.82%. The trend suggests a relatively stable but somewhat diminished allocation over time.
- Oil and Gas Assets
- Representing the largest component, oil and gas assets as a percentage of total assets increase steadily from 105.28% in early 2020 to a peak near 150.55% by mid-2023. Post-2023 there is a gradual decline to approximately 144% by early 2025, indicating heavy investment but some reduction or depreciation occurring after the peak.
- Chemical Assets
- Chemical assets proportionally increase from around 7.07% in 2020 to above 11% by the end of 2023, then stabilize near this level, reflecting sustained investment or growth in this segment.
- Midstream and Marketing Assets
- This category increases modestly over the period from just above 8% to approximately 11.46% by mid-2025, indicating steady growth or investment in midstream and marketing operations.
- Corporate Assets
- Corporate assets hold a generally stable proportion throughout the timeline, fluctuating narrowly between about 1.05% and 1.43%, reflecting consistent corporate-level asset allocation.
- Property, Plant, and Equipment (Gross)
- There is a clear upward trend in gross property, plant, and equipment from approximately 121% to over 174% by mid-2023, showing continuous capital expenditure. A slight reduction appears afterward, though levels remain elevated.
- Accumulated Depreciation, Depletion, and Amortization
- Accumulated depreciation steadily intensifies over the period, representing increasing wear and aging of assets, particularly sharp between 2020 and 2023, with minor fluctuations afterward.
- Property, Plant, and Equipment (Net)
- Net property, plant, and equipment as a percentage of total assets stay relatively stable, fluctuating mainly between 77% and 82%, indicating that asset additions and depreciation are somewhat balanced through the periods.
- Operating Lease Assets
- Operating lease assets maintain a low but somewhat steady percentage around 1-1.5%, with minor fluctuations suggesting consistent use of operating leases without major shifts.
- Other Long-term Assets
- This category is stable initially but shows a notable increase starting in late 2023, rising from around 1.5% to above 3.5%, potentially reflecting acquisitions or reclassification of assets.
- Long-term Assets (Total)
- Total long-term assets as a share of total assets remain fairly stable around 85% to 90%, with only modest fluctuations, illustrating consistent capital structure focusing on long-term asset investment.