Stock Analysis on Net
Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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

Microsoft Excel
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
Current maturities of long-term debt 1.83 1.33 1.37 1.77 1.62 1.62 1.70 0.22 0.19 0.23 0.76 0.62 0.68 0.25 1.03 0.81 0.70 0.55 3.03 2.75 2.42
Preferred stock redemption payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.43 0.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current operating lease liabilities 0.46 0.44 0.44 0.54 0.57 0.60 0.43 0.40 0.40 0.38 0.34 0.24 0.23 0.25 0.35 0.41 0.46 0.59 0.54 0.47 0.45
Accounts payable 4.45 4.39 4.59 5.62 5.15 4.93 5.44 5.00 4.91 5.55 5.15 7.00 6.28 5.20 4.90 4.43 4.30 3.73 3.18 3.39 3.78
Accrued liabilities 4.58 4.98 4.72 4.80 4.52 5.21 4.87 4.43 3.89 4.53 4.75 5.25 4.52 5.40 5.77 6.33 5.40 5.40 5.69 4.48 5.12
Current liabilities 11.33% 11.14% 11.12% 12.73% 11.86% 12.36% 12.45% 10.47% 10.39% 10.68% 11.00% 13.11% 11.72% 11.09% 12.05% 11.99% 10.88% 10.27% 12.44% 11.09% 11.77%
Long-term debt, net, excluding current maturities 28.29 29.23 29.67 24.13 24.97 25.05 25.89 27.63 27.44 27.09 28.38 29.29 34.85 39.22 40.81 44.22 44.69 44.65 42.52 40.28 35.48
Deferred income taxes, net 6.19 6.31 6.56 7.45 7.71 7.79 7.89 7.87 7.72 7.59 7.35 6.76 6.48 9.38 9.01 8.52 8.75 8.88 8.89 8.82 9.25
Asset retirement obligations 4.54 4.73 4.53 5.05 5.21 5.25 5.06 5.15 5.05 5.01 4.92 4.85 4.90 4.91 5.20 4.94 5.08 4.97 4.90 4.82 4.36
Other 8.34 8.23 7.41 8.32 8.56 8.55 7.90 7.99 8.12 8.19 8.53 8.49 8.50 8.30 8.02 7.50 7.54 8.03 7.74 8.89 8.36
Deferred credits and other liabilities 19.07% 19.27% 18.50% 20.82% 21.48% 21.59% 20.85% 21.02% 20.89% 20.79% 20.81% 20.10% 19.87% 22.59% 22.23% 20.96% 21.37% 21.89% 21.53% 22.53% 21.97%
Noncurrent liabilities 47.36% 48.50% 48.17% 44.95% 46.45% 46.63% 46.74% 48.64% 48.33% 47.88% 49.19% 49.39% 54.72% 61.82% 63.04% 65.19% 66.06% 66.53% 64.04% 62.81% 57.44%
Total liabilities 58.68% 59.65% 59.29% 57.67% 58.31% 58.99% 59.19% 59.11% 58.72% 58.57% 60.19% 62.50% 66.44% 72.91% 75.09% 77.18% 76.94% 76.80% 76.48% 73.90% 69.21%
Preferred stock, at $1.00 per share par value 9.75 9.70 9.66 10.87 11.16 11.20 11.54 12.11 12.75 13.44 13.53 13.15 13.15 13.01 12.89 12.21 12.30 12.19 11.56 10.91 9.60
Common stock, at $0.20 per share par value 0.28 0.27 0.27 0.30 0.30 0.30 0.31 0.31 0.31 0.30 0.30 0.29 0.29 0.29 0.29 0.27 0.27 0.27 0.26 0.24 0.21
Treasury stock -18.36 -18.25 -18.17 -20.46 -20.98 -21.05 -21.68 -21.01 -20.28 -18.97 -18.29 -15.35 -14.43 -14.22 -14.08 -13.35 -13.44 -13.32 -12.62 -11.91 -10.48
Additional paid-in capital 23.41 23.25 23.08 23.52 23.50 23.54 24.12 24.18 23.97 23.66 23.74 22.79 22.61 22.32 22.03 20.81 20.90 20.67 19.55 18.15 14.84
Retained earnings 25.57 24.80 25.28 27.47 27.12 26.52 26.12 24.95 24.19 22.72 20.64 16.79 12.17 5.97 4.16 3.17 3.33 3.74 5.11 9.06 16.95
Accumulated other comprehensive income (loss) 0.20 0.21 0.29 0.35 0.38 0.37 0.41 0.35 0.36 0.27 -0.12 -0.18 -0.24 -0.28 -0.37 -0.30 -0.30 -0.36 -0.34 -0.35 -0.33
Stockholders’ equity 40.85% 39.98% 40.41% 42.06% 41.48% 40.87% 40.81% 40.89% 41.28% 41.43% 39.81% 37.50% 33.56% 27.09% 24.91% 22.82% 23.06% 23.20% 23.52% 26.10% 30.79%
Noncontrolling interest 0.46 0.38 0.30 0.27 0.21 0.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total equity 41.32% 40.35% 40.71% 42.33% 41.69% 41.01% 40.81% 40.89% 41.28% 41.43% 39.81% 37.50% 33.56% 27.09% 24.91% 22.82% 23.06% 23.20% 23.52% 26.10% 30.79%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Current maturities of long-term debt
The proportion of current maturities of long-term debt to total liabilities and equity exhibited fluctuations, initially decreasing significantly from 3.03% in September 2020 to 0.25% in December 2021. This was followed by a general increase, reaching 1.83% by March 2025, indicating a varying short-term debt repayment profile over the periods.
Preferred stock redemption payable
This liability item appeared sporadically, with values only reported in December 2022 and March 2023 (0.99% and 0.43%, respectively), suggesting occasional liabilities related to preferred stock redemption in this timeframe.
Current operating lease liabilities
The current operating lease liabilities demonstrated a slight downward trend from 0.59% in December 2020 to lows around 0.23%-0.24% in early 2022. Starting mid-2022, the values gradually increased, peaking at 0.6% in December 2023 before settling around 0.44%-0.46% subsequently, indicating modest variability in lease obligations.
Accounts payable
Accounts payable as a percentage of total liabilities and equity showed a general increasing trend from early 2020, rising from 3.78% in March 2020 to a peak of 7.00% in June 2022. After this peak, it declined to the 4.39%-5.62% range, displaying moderation in short-term payment obligations in recent quarters.
Accrued liabilities
Accrued liabilities fluctuated moderately over the period, with values ranging from about 3.89% to 6.33%. Notably, there was an increase around mid-2021 (6.33%) followed by a decline to lows near 3.89% by the end of 2022, and modest fluctuations afterward, reflecting varying periods of accrued expenses.
Current liabilities
The total current liabilities showed some variability, starting near 11.77% in March 2020, decreasing to around 10%-11% in 2021, then peaking at 13.11% in June 2022. The levels stabilized mostly between 11% and 12.7% in subsequent quarters, suggesting relatively steady short-term obligations.
Long-term debt, net, excluding current maturities
Long-term debt peaked around 44.69% in early 2021 before steadily declining to approximately 24.13%-29.67% range from late 2022 through early 2025. This reflects a notable deleveraging trend or restructuring of long-term debt over the observed timeline.
Deferred income taxes, net
This liability declined from about 9.25% in March 2020 to approximately 6.19% by March 2025, indicating a gradual reduction in tax-related deferred liabilities.
Asset retirement obligations
Asset retirement obligations remained relatively stable, fluctuating narrowly between 4.36% and 5.25%, suggesting consistent recognition of end-of-life asset costs throughout the periods.
Other liabilities
Other liabilities maintained a steady contribution near 7.4%-8.9%, with minor declines and recoveries, indicating stable presence of miscellaneous liabilities.
Deferred credits and other liabilities
Deferred credits and other liabilities decreased from roughly 22% in 2020 to about 18.5%-21.5% in recent periods, signaling a modest reduction in such deferred obligations.
Noncurrent liabilities
Overall noncurrent liabilities showed a significant downward trend, falling from a high of about 66.53% in December 2020 to a lower stable range of approximately 44.95%-48.5% from late 2023 onwards, consistent with the reduction in long-term debt and deferred credits.
Total liabilities
Total liabilities decreased from about 76.8% at the end of 2020 to around 58.57%-59.65% between 2022 and early 2025, demonstrating an overall reduction in liabilities relative to total financing.
Preferred stock, at $1.00 per share par value
Preferred stock showed an increasing trend from 9.6% in March 2020 to peaks over 13% in 2022, before declining to near 9.7% by early 2025, suggesting issuance and subsequent redemption or repurchase activity affecting this equity component.
Common stock, at $0.20 per share par value
Common stock proportions were relatively stable, hovering between 0.21% and 0.31% across all periods, indicating minimal change in common stock par value relative to total capitalization.
Treasury stock
Treasury stock as a negative equity item increased in magnitude over time, from about -10.48% in early 2020 to a peak of nearly -21.68% in September 2023, followed by a slight reduction to approximately -18.36% by early 2025, signaling significant share repurchase activity within the timeframe.
Additional paid-in capital
This equity component increased from 14.84% in March 2020 to just above 24% by mid-2023, before stabilizing near 23% afterward, reflecting capital contributions or stock premium changes.
Retained earnings
Retained earnings showed an upward trend, especially pronounced from late 2020 onward, increasing from lows near 3.74% in December 2020 to high twenties (over 27%) by mid-2024, indicating accumulation of earnings or reductions in dividend payouts.
Accumulated other comprehensive income (loss)
This component transitioned from a small negative range (-0.36%) in 2020 to positive territory (around 0.2%-0.41%) from 2022 onwards, suggesting improvements in other comprehensive income items, such as foreign currency translation or unrealized gains.
Stockholders’ equity
Stockholders' equity increased significantly from approximately 23.2% at the end of 2020 to over 41% by the end of 2022, stabilizing around 40%-42% through early 2025. This reflects a strengthened equity position concurrent with declining liabilities.
Noncontrolling interest
Noncontrolling interest was negligible or absent in earlier years but gradually increased from 0.13% in December 2023 to 0.46% by June 2024 and March 2025, showing marginal growth in minority interests.
Total equity
Total equity showed a consistent upward trend, rising from about 23.2% at the end of 2020 to a peak of approximately 42.33% in mid-2024 before slight retreat to 41.32% in March 2025, highlighting an overall strengthening of the equity base relative to liabilities.
Overall financial structure
The company’s capital structure shifted from a liability-dominated mix with total liabilities near 76.8% at the end of 2020 towards a more balanced composition by early 2025, with total liabilities decreasing to approximately 58.7% and equity increasing correspondingly to just above 41%. This indicates a trend of reducing leverage and bolstering equity financing over the analyzed periods.