Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Paying user area
Try for free
Occidental Petroleum Corp. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Occidental Petroleum Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Occidental Petroleum Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
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).
The financial data indicates several notable trends across key asset categories over the periods analyzed. Cash and cash equivalents demonstrate a fluctuating pattern, with substantial growth beginning mid-2020, peaking in the second quarter of 2021, followed by a general decline and subsequent variability through 2024 and early 2025, ending with an upward movement in the latest quarter.
Trade receivables display a strong upward trend overall, particularly from early 2021 through 2022, suggesting increased sales or credit extended to customers during this time, although some volatility is observed in the later periods. Joint interest receivables appear with data only toward the end of the period reviewed, indicating either new reporting or recognition of this asset class in recent quarters.
Inventories show moderate fluctuation with a peak in the first quarter of 2023, followed by a decrease and some variability thereafter, possibly reflecting changes in production, sales demand, or supply chain management. Other current assets reveal a notable decline from the first quarter of 2020 onward, reaching low points in 2024 before slightly increasing, which may suggest shifts in short-term prepayments, receivable classifications, or other current financial adjustments.
Current assets overall illustrate a downward trend from early 2020 through mid-2023, with partial recovery afterward. This pattern could be tied to fluctuations in cash management, receivables, and inventory balances. Investments in unconsolidated entities remain relatively stable with minor fluctuations, indicating consistent investment levels over time.
For property, plant, and equipment (PPE) gross values, the trend shows gradual growth with some dips, particularly around mid-2020 and 2025, signaling ongoing capital expenditure balanced by disposals or impairments. Accumulated depreciation steadily increases in magnitude, reflecting consistent usage and aging of assets. Consequently, the net PPE decreases through 2021 and 2022, stabilizing and even increasing in the most recent quarters, potentially due to new investments or asset revaluations.
Operating lease assets experience some decreases over the dataset but exhibit a notable increase in late 2022 and early 2023, which might indicate new lease agreements or revised lease accounting. Other long-term assets maintain a relatively stable level with occasional slight increases, suggesting consistent holding of non-current items aside from PPE.
Long-term assets broadly decline from 2020 through 2022, with signs of recovery from 2023 onward. This pattern follows the trends observed in PPE and other long-term asset classes. Total assets generally decline from early 2020 to 2022, stabilize thereafter, and show improvement by 2024, albeit with minor volatility in the latest quarters, indicating a phase of asset base stabilization and cautious growth.
- Summary of Key Observations
- Cash and cash equivalents: Fluctuating with peaks in mid-2021, followed by decline and renewed growth by early 2025.
- Trade receivables: Upward trend with some volatility, peaking in mid-2022.
- Inventories: Moderate fluctuations with peak in early 2023 and some decline afterward.
- Other current assets: Declining trend from 2020 to 2024 with slight recovery late in the series.
- Current assets: Decline followed by stabilization and partial recovery post-2023.
- Investments in unconsolidated entities: Stable levels with minor fluctuations.
- Property, plant and equipment (gross): Gradual growth, minor dips, indicating ongoing investments.
- Accumulated depreciation: Steady increase in depreciation reflecting asset aging.
- Property, plant and equipment (net): Declined until 2022, then stabilized and increased marginally in recent periods.
- Operating lease assets: Decreased overall but rose around 2022-2023.
- Other long-term assets: Stable with slight increases over time.
- Long-term assets and total assets: Declined until 2022, followed by improvement and stabilization by 2024-2025.