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: 2025-03-31), 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
- Values exhibit a fluctuating pattern with an initial decline from early 2020 until the end of 2021, followed by a notable spike in late 2023 and elevated levels afterward, indicating some short-term debt pressures in recent quarters.
- Preferred stock redemption payable
- Data appears only for 2022 and 2023, showing a peak at 712 million US dollars in early 2023, then decreasing, suggesting a recent one-time redemption event or obligation.
- Current operating lease liabilities
- There is a general declining trend from 2020 to 2021, followed by a gradual increase peaking in late 2023, then a slight decrease again. This may reflect changes in lease obligations or lease contract renegotiations.
- Accounts payable
- The account payable fluctuates substantially, with an initial decrease in 2020, followed by steady growth, peaking mid-2022, then declining slightly but remaining elevated compared to 2020, suggesting variations in supplier credit or operational volumes.
- Accrued liabilities
- These liabilities show considerable volatility, with peaks and troughs throughout the period. A notable decline occurred through 2021 and 2022, followed by a recovery in 2023, indicating irregular timing of expenses or accrual adjustments.
- Current liabilities
- Overall, current liabilities decrease in 2020 then rise gradually starting mid-2022, pointing to variable short-term obligations related potentially to operations and financing.
- Long-term debt, net, excluding current maturities
- Steady decline is observed from 36 billion US dollars in early 2020 to around 18 billion by the end of 2023, followed by an increase reaching over 25 billion in 2024 before dipping again toward 24 billion. This decline followed by partial rebound suggests debt repayment activity and later new borrowing.
- Deferred income taxes, net
- A decreasing trend from 2020 to 2021 is followed by relative stabilization and mild fluctuations afterward, indicating consistent recognition and timing of tax liabilities.
- Asset retirement obligations
- These obligations exhibit a slight downward trend from 2020 through 2023 with minor fluctuations, reflecting ongoing changes in decommissioning estimates or expenditures.
- Other liabilities
- Moderate decline from 2019 to early 2023, then a noticeable increase in 2024, possibly reflecting changes in miscellaneous liabilities or adjustments in accounting estimates.
- Deferred credits and other liabilities
- Gradual decline from 22 billion in early 2020 to around 15 billion by 2021 and steady levels afterward, with a slight increase in later periods, indicating relatively stable long-term deferred credits with minor adjustments.
- Noncurrent liabilities
- Overall decline from over 58 billion in early 2020 to mid-30 billions by late 2023, followed by a sharp increase to over 41 billion in 2024, implying significant long-term liability reduction initially followed by additional long-term obligations or reclassifications.
- Total liabilities
- This aggregate measure follows a downward trend through 2023, then rises sharply in 2024 before decreasing slightly, showing a pattern of overall liability reduction followed by increased borrowing or obligations in recent quarters.
- Preferred stock, at $1.00 per share par value
- Stable level near 9.7 billion through 2021, then gradual decline to about 8.3 billion from 2022 onward, indicating redemption or repurchase activity of preferred shares.
- Common stock, at $0.20 per share par value
- Relatively stable with slight incremental increases, reflecting minimal issuance or capital activity impacting common stock par value.
- Treasury stock
- Significant and steady increase in absolute value from about 10.6 billion to 15.6 billion, suggesting ongoing repurchasing of company shares over the observed period.
- Additional paid-in capital
- Generally upward trend with incremental growth, indicating continued capital contributions or equity adjustments.
- Retained earnings
- Decreased sharply in 2020 followed by steady recovery and growth from 2021 through 2024, demonstrating improving profitability or earnings retention over time.
- Accumulated other comprehensive income (loss)
- Values remain negative or close to zero initially, then turn positive and increase modestly through 2023, indicating reduced accumulated losses or improving other comprehensive income components.
- Stockholders’ equity
- Declined markedly in 2020, then sharply recovered and rose through 2024, suggesting improving financial position and capital base strengthening post-initial downturn.
- Noncontrolling interest
- Presented only from 2023, showing increasing values, indicating rising interests held by minority shareholders or subsidiaries' interests growing.
- Total equity
- Follows a pattern similar to stockholders’ equity, with a significant decline in 2020, then consistent recovery and growth through 2024, reflecting strengthening shareholder value.
- Total liabilities and equity
- Demonstrates a sharp decline in 2020 followed by stabilization and gradual growth towards 2024, indicating overall balance sheet contraction during the pandemic onset with later expansion through capital and liability adjustments.