Balance Sheet: Liabilities and Stockholders’ Equity
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.
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., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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).
- Current maturities of long-term debt
- The current maturities decreased sharply from early 2020 through the end of 2021, reaching a low in December 2021. Thereafter, they fluctuated with significant spikes in late 2023 and more moderate increases through mid-2025, ending lower than early 2020 but with notable volatility.
- Preferred stock redemption payable
- This liability appeared only in the 2022 and 2023 periods, peaking in early 2023 and then declining, indicating a temporary financial obligation during this timeframe.
- Current operating lease liabilities
- These liabilities showed a steady decline from early 2020 to late 2021, followed by a moderate increase through 2023. From 2024 onwards, the values stabilized with minor fluctuations around 370-450 million USD.
- Accounts payable
- Accounts payable increased significantly from early 2020 to mid-2022, peaking around mid-2022, then decreased sharply by late 2022. From 2023 onward, the payable values increased again with fluctuations, ending slightly higher in mid-2025 versus early 2020.
- Accrued liabilities
- Accrued liabilities saw a decline during 2020, followed by variable but generally lower values through 2022. From 2023, there was a gradual upward trend, peaking in mid-2025 just below levels seen in 2020, indicating increasing short-term obligations.
- Current liabilities
- Current liabilities decreased sharply during 2020, stabilizing at lower levels through 2022, then increased again in 2023 and fluctuated moderately through 2025. The overall trend suggests a reduction followed by recovery but with some volatility.
- Long-term debt, net excluding current maturities
- This figure showed a persistent decline from over 36 billion USD in early 2020 to around 18 billion by the end of 2023, indicating significant debt repayment or restructuring. However, there was a sharp increase starting in 2024, rising back to over 25 billion USD by early 2025, before falling slightly again, suggesting renewed long-term borrowing.
- Deferred income taxes, net
- Deferred income taxes decreased steadily from 9.4 billion USD in early 2020 to approximately 5.2 billion USD by mid-2025, indicating likely reduced tax liabilities or changes in tax strategy over the period.
- Asset retirement obligations
- These obligations remained relatively stable throughout the period, fluctuating narrowly between approximately 3.8 and 4.4 billion USD, reflecting consistent long-term environmental or decommissioning responsibilities.
- Other liabilities
- Other liabilities generally decreased from early 2020 to early 2023, but increased notably starting in 2023 and continuing through 2025, ending higher than the initial 2020 value, indicating rising miscellaneous obligations.
- Deferred credits and other liabilities
- Deferred credits steadily declined from over 22 billion USD in early 2020 to about 16 billion USD in mid-2025, showing a gradual reduction in deferred income or credits over time.
- Noncurrent liabilities
- The company reduced noncurrent liabilities sharply from nearly 58 billion USD in early 2020 to roughly 34 billion by early 2023. However, from 2023 onward, a sharp increase occurred, peaking above 41 billion USD in early 2025, before declining modestly thereafter, suggesting fluctuations in longer-term debts or obligations.
- Total liabilities
- Total liabilities decreased markedly from over 70 billion USD in early 2020 to around 42 billion by early 2023, followed by a substantial increase reaching nearly 51 billion in early 2025, before a reduction again, reflecting variability in overall obligations.
- Preferred stock, at $1.00 per share par value
- Preferred stock value remained steady at approximately 9.7 billion USD until late 2022, when it declined progressively to about 8.3 billion USD from early 2023 through mid-2025, indicating possible redemptions or buybacks.
- Common stock, at $0.20 per share par value
- Common stock showed a gradual increase from 210 million USD in early 2020 to 243 million USD by mid-2025, reflecting incremental equity issuance or stock capitalization adjustments.
- Treasury stock
- Treasury stock increased (more negative) steadily from about -10.6 billion USD in early 2020 to -15.6 billion by late 2024, stabilizing at that level through mid-2025, indicating significant stock repurchases over the period.
- Additional paid-in capital
- This item exhibited steady growth from roughly 15 billion USD in early 2020 to over 20 billion USD by mid-2025, suggesting consistent equity contributions or capital increases beyond par value.
- Retained earnings
- Retained earnings decreased sharply from over 17 billion USD in early 2020 to under 3 billion by the end of 2020, then recovered significantly over the following years to exceed 21 billion USD by mid-2025, demonstrating a strong rebound in accumulated profits.
- Accumulated other comprehensive income (loss)
- Initially negative in early 2020, this figure improved gradually to positive territory by 2022 and remained modestly positive through mid-2025, indicating an improvement in other comprehensive income components such as foreign currency translation or unrealized gains.
- Stockholders’ equity
- Equity declined considerably from approximately 31.3 billion USD in early 2020 to a low of about 18 billion by early 2021, then recovered steadily to surpass 34 billion USD by early 2025, reflecting improvement in overall net assets.
- Noncontrolling interest
- Noncontrolling interest first appeared in 2023 and increased steadily through mid-2025, reaching nearly half a billion USD, denoting growing minority interests in subsidiaries.
- Total equity
- Total equity followed a similar pattern to stockholders' equity, showing a drop from about 31.3 billion USD in early 2020 to 18.3 billion by early 2021, followed by a steady increase to over 36 billion USD by mid-2025.
- Total liabilities and equity
- The combined total of liabilities and equity decreased from approximately 101.6 billion USD in early 2020 to about 71.6 billion by late 2022, then gradually increased to around 85 billion by mid-2025. This indicates a contraction in overall company capitalization followed by a recovery phase.