Stock Analysis on Net
Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

$24.99

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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Occidental Petroleum Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income (loss)
Discontinued operations, net
Depreciation, depletion and amortization of assets
Deferred income tax provision (benefit)
Asset impairments and other charges
(Gains) losses on sales of assets, net
Other noncash charges to income (loss)
(Increase) decrease in trade receivables
(Increase) decrease in inventories
(Increase) decrease in other current assets
Increase (decrease) in accounts payable and accrued liabilities
Increase (decrease) in current domestic and foreign income taxes
Changes in operating assets and liabilities
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Net cash provided by operating activities
Capital expenditures
Change in capital accrual
Purchases of assets, businesses and equity investments, net
Proceeds from sales of assets and equity investments, net
Equity investments and other, net
Net cash used by investing activities
Draws on receivables securitization facility
Payment of receivables securitization facility
Proceeds from long-term debt, net
Payments of long-term debt, net
Proceeds from issuance of common stock
Redemption of preferred stock
Purchases of treasury stock
Cash dividends paid on common and preferred stock
Contributions from noncontrolling interest
Financing portion of net cash received (paid) for derivative instruments
Deferred payments for purchases of assets and businesses
Other financing, net
Net cash provided (used) by financing activities
Operating cash flow from discontinued operations, net of taxes
Investing cash flow from discontinued operations
Financing cash flow from discontinued operations
Cash flow from discontinued operations
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents

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).

Net Income (Loss)
The net income shows a significant fluctuation over the periods. Starting with substantial losses in early 2020, there was a steady recovery reaching positive figures by mid-2020, peaking around March 2022. However, from late 2024, losses reappear, indicating volatility in profitability.
Discontinued Operations, Net
Discontinued operations show sporadic positive and negative values, with notable positive spikes in early 2020 and early 2021, and a marked negative adjustment in mid-2024. Data for several periods is missing, making trend analysis limited.
Depreciation, Depletion, and Amortization
This expense remained relatively stable with a slight downward trend from 2020 into 2022, followed by small increases towards the end of 2024. The overall consistency suggests steady asset usage.
Deferred Income Tax Provision (Benefit)
The deferred tax provision shows high variability, with large negative values in early 2020 and significant positive values in 2021, then fluctuating near zero or slightly negative towards 2024, reflecting changing tax positions.
Asset Impairments and Other Charges
This category experienced extreme volatility, with large charges in early 2020 and negligible or missing data for some periods. There is a notable positive spike in late 2024, indicating recurring impairment events or charges.
(Gains) Losses on Sales of Assets, Net
Gains and losses from asset sales are inconsistent, with positive and negative swings in multiple periods, including a large positive value in late 2024, suggesting opportunistic asset management.
Other Noncash Charges to Income (Loss)
These noncash charges fluctuate between positive and negative, with no clear trend. This indicates the presence of various adjustments affecting reported earnings.
Changes in Working Capital Components

Trade receivables, inventories, and other current assets show periods of both increases and decreases, indicating fluctuations in operational efficiency and asset management.

Accounts payable and accrued liabilities also oscillate, reflecting volatile cash flow timing and working capital management.

Overall operating assets and liabilities changes display variability across quarters, impacting cash flow volatility.

Net Cash Provided by Operating Activities
There is a general upward trend from 2020 through 2022, with peak cash flow in mid-2022, followed by moderate fluctuations thereafter, evidencing improved underlying operating cash generation despite net income variability.
Capital Expenditures and Related Investments
Capital expenditures rose steadily, peaking in 2025, reflecting increased investment activity. The change in capital accruals is variable, suggesting fluctuations in timing of payments. Asset purchases show sporadic spikes, especially a large outlay in late 2024, indicative of strategic acquisitions.
Net Cash Used by Investing Activities
Investing activities generally consumed cash, with some positive cash inflows in early 2020 and brief periods in late 2020. Major negative cash flows occur in later periods, especially in 2024, aligning with heavy asset purchases and investments.
Cash Flows from Financing Activities

Financing activities are characterized by substantial variability, including periods of debt issuance and repayments. Debt repayments dominate from 2021 to 2023, with a notable spike in debt proceeds in 2024.

Purchases of treasury stock increased significantly from 2021 onward, indicating shareholder returns via buybacks.

Common and preferred stock dividends remained relatively stable, reflecting consistent shareholder distributions.

There is occasional issuance of common stock, but limited and inconsistent.

Cash Flow from Discontinued Operations
Cash flow related to discontinued operations is erratic, with positive contributions early on and negative cash outflows reported in 2024, highlighting the impact of divested segments.
Overall Cash and Cash Equivalents
The company's cash levels fluctuate substantially, with significant cash decreases in early 2020 followed by recovery periods. There are alternating periods of increases and decreases, especially volatile in 2023 and 2024, reflecting the combined effects of operational performance, investing outlays, and financing activities.