Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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Occidental Petroleum Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
Occidental Petroleum Corp., consolidated balance sheet: liabilities and stockholders’ equity
US$ in millions
|Balance sheet item
|Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
|Occidental Petroleum Corp. current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
|Amount of obligation due after one year or beyond the normal operating cycle, if longer.
|Occidental Petroleum Corp. noncurrent liabilities decreased from 2021 to 2022 and from 2022 to 2023.
|Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
|Occidental Petroleum Corp. total liabilities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
|Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
|Occidental Petroleum Corp. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.