Stock Analysis on Net
Stock Analysis on Net

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: Liabilities and Stockholders’ Equity

Occidental Petroleum Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current maturities of long-term debt 1.33 1.62 0.23 0.25 0.55
Current operating lease liabilities 0.44 0.60 0.38 0.25 0.59
Accounts payable 4.39 4.93 5.55 5.20 3.73
Payroll and related expenses 0.81 0.94 0.00 0.00 0.00
Income tax payable 0.55 0.03 0.00 0.00 0.00
Accrued interest payable 0.52 0.45 0.00 0.00 0.00
Taxes other than on income 0.52 0.84 0.00 0.00 0.00
Carbon Engineering acquisition payable 0.46 0.41 0.00 0.00 0.00
Current asset retirement obligations 0.45 0.26 0.00 0.00 0.00
Dividends payable 0.41 0.41 0.00 0.00 0.00
Other 1.25 1.87 4.53 5.40 5.40
Accrued liabilities 4.98% 5.21% 4.53% 5.40% 5.40%
Current liabilities 11.14% 12.36% 10.68% 11.09% 10.27%
Long-term debt, net, excluding current maturities 29.23 25.05 27.09 39.22 44.65
Deferred income taxes, net 6.31 7.79 7.59 9.38 8.88
Asset retirement obligations 4.73 5.25 5.01 4.91 4.97
Long term tax liabilities 2.58 2.80 0.00 0.00 0.00
Environmental remediation liabilities 2.06 1.20 1.25 1.26 1.28
Pension and postretirement obligations 1.20 1.26 1.45 2.05 2.20
Non-current operating lease liabilities 0.72 0.98 0.90 0.78 0.80
Other 1.67 2.31 4.59 4.21 3.75
Other deferred credits and liabilities 8.23% 8.55% 8.19% 8.30% 8.03%
Deferred credits and other liabilities 19.27% 21.59% 20.79% 22.59% 21.89%
Noncurrent liabilities 48.50% 46.63% 47.88% 61.82% 66.53%
Total liabilities 59.65% 58.99% 58.57% 72.91% 76.80%
Preferred stock, at $1.00 per share par value 9.70 11.20 13.44 13.01 12.19
Common stock, $0.20 per share par value 0.27 0.30 0.30 0.29 0.27
Treasury stock -18.25 -21.05 -18.97 -14.22 -13.32
Additional paid-in capital 23.25 23.54 23.66 22.32 20.67
Retained earnings 24.80 26.52 22.72 5.97 3.74
Accumulated other comprehensive income (loss) 0.21 0.37 0.27 -0.28 -0.36
Stockholders’ equity 39.98% 40.87% 41.43% 27.09% 23.20%
Noncontrolling interest 0.38 0.13 0.00 0.00 0.00
Total equity 40.35% 41.01% 41.43% 27.09% 23.20%
Total liabilities and equity 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 capital structure of the organization has undergone a significant transformation between 2020 and 2024, characterized by a substantial reduction in total liabilities and a corresponding increase in total equity. Total liabilities decreased from 76.80% of the total liabilities and equity in 2020 to 59.65% by 2024. Simultaneously, total equity expanded from 23.20% to 40.35% over the same period, indicating a strengthened solvency position and a reduced reliance on external debt financing.

Long-Term Debt and Liability Trends
A pronounced downward trend is observed in long-term debt, excluding current maturities, which fell from 44.65% in 2020 to 29.23% in 2024. The lowest point was reached in 2023 at 25.05%. Noncurrent liabilities as a whole declined from 66.53% to 48.50%, reflecting a concerted effort to deleverage the balance sheet. Deferred credits and other liabilities remained relatively stable, fluctuating between 19.27% and 22.59%.
Current Liability Stability
Current liabilities have remained relatively constant, ranging from 10.27% to 12.36%. While accounts payable peaked in 2022 at 5.55% before moderating to 4.39% in 2024, current maturities of long-term debt showed an increase from 0.25% in 2021 to 1.33% in 2024, suggesting a shifting schedule of debt obligations.
Equity Growth and Composition
The growth in stockholders' equity is primarily driven by a dramatic increase in retained earnings, which rose from 3.74% in 2020 to 24.80% in 2024. This indicates strong internal capital generation. Conversely, preferred stock has seen a gradual decline from 12.19% to 9.70%. Treasury stock expanded from -13.32% to -18.25% by 2024, though it moderated slightly from a peak of -21.05% in 2023, reflecting active share repurchase activity.
Operational and Environmental Obligations
Asset retirement obligations have remained consistent, fluctuating narrowly between 4.73% and 5.25%. Environmental remediation liabilities remained stable for several years before increasing to 2.06% in 2024, up from 1.28% in 2020, indicating a slight increase in the relative weight of these long-term environmental commitments.

AI Ask an analyst for more