Total Asset Turnover
since 2005
Calculation
Occidental Petroleum Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.31 | = | 26,725) | ÷ | 85,445) |
| Dec 31, 2023 | 0.38 | = | 28,257) | ÷ | 74,008) |
| Dec 31, 2022 | 0.50 | = | 36,634) | ÷ | 72,609) |
| Dec 31, 2021 | 0.35 | = | 25,956) | ÷ | 75,036) |
| Dec 31, 2020 | 0.22 | = | 17,809) | ÷ | 80,064) |
| Dec 31, 2019 | 0.19 | = | 20,393) | ÷ | 109,330) |
| Dec 31, 2018 | 0.41 | = | 17,824) | ÷ | 43,854) |
| Dec 31, 2017 | 0.30 | = | 12,508) | ÷ | 42,026) |
| Dec 31, 2016 | 0.23 | = | 10,090) | ÷ | 43,109) |
| Dec 31, 2015 | 0.29 | = | 12,480) | ÷ | 43,437) |
| Dec 31, 2014 | 0.34 | = | 19,312) | ÷ | 56,259) |
| Dec 31, 2013 | 0.35 | = | 24,455) | ÷ | 69,443) |
| Dec 31, 2012 | 0.38 | = | 24,172) | ÷ | 64,210) |
| Dec 31, 2011 | 0.40 | = | 23,939) | ÷ | 60,044) |
| Dec 31, 2010 | 0.36 | = | 19,045) | ÷ | 52,432) |
| Dec 31, 2009 | 0.35 | = | 15,403) | ÷ | 44,229) |
| Dec 31, 2008 | 0.58 | = | 24,217) | ÷ | 41,537) |
| Dec 31, 2007 | 0.51 | = | 18,784) | ÷ | 36,519) |
| Dec 31, 2006 | 0.55 | = | 17,661) | ÷ | 32,355) |
| Dec 31, 2005 | 0.58 | = | 15,208) | ÷ | 26,108) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial data indicates several notable trends and fluctuations over the observed period.
- Net Sales
- Net sales show considerable variability across the years. There was a general upward trend from 2005 through 2008, reaching a peak of 24,217 million USD in 2008. This was followed by a sharp decline in 2009 to 15,403 million USD. After some recovery and growth between 2010 and 2014, with sales reaching levels around 24,455 million USD by 2013, the company faced a downward trend again from 2014 to 2016, hitting a low of 10,090 million USD in 2016. From 2017 onwards, net sales experienced strong growth, surpassing previous peaks and reaching a high of 36,634 million USD in 2022. However, sales declined again in 2023 and 2024, ending at 26,725 million USD.
- Total Assets
- Total assets generally increased over the period from 26,108 million USD in 2005 to a significant peak in 2019 of 109,330 million USD, representing a substantial expansion of asset base. This growth was followed by a decline over the subsequent three years, reaching 72,609 million USD in 2022. Another rebound occurred in 2023 and 2024, with assets growing to 85,445 million USD by the end of the data series. The fluctuations indicate significant capital investments or asset divestitures during the timeframe.
- Total Asset Turnover
- This ratio, which measures how efficiently assets generate sales, showed a decreasing trend from 0.58 in 2005 to a low of 0.19 in 2019. The decline suggests that asset utilization became less efficient over time, particularly noticeable during periods of rapid asset growth. Post-2019, the asset turnover ratio improved, moving upward to 0.5 in 2022, indicating a recovery in generating sales from the asset base, before dipping slightly in 2023 and 2024.
Overall, the data reveals a company experiencing cyclical fluctuations in sales and assets, with phases of rapid growth in assets not always matched by proportional increases in sales, leading to lower asset turnover ratios in some periods. Recent years indicate efforts toward better utilization of assets as reflected in improving asset turnover ratios and strong sales growth, despite some recent declines in the latest years.
Comparison to Competitors
Occidental Petroleum Corp., total asset turnover, long-term trends, comparison to competitors
| Occidental Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 0.31 | 0.75 | 0.45 | 0.75 |
| Dec 31, 2023 | 0.38 | 0.75 | 0.59 | 0.89 |
| Dec 31, 2022 | 0.50 | 0.91 | 0.84 | 1.08 |
| Dec 31, 2021 | 0.35 | 0.65 | 0.51 | 0.82 |
| Dec 31, 2020 | 0.22 | 0.39 | 0.30 | 0.54 |
| Dec 31, 2019 | 0.19 | 0.59 | 0.46 | 0.70 |
| Dec 31, 2018 | 0.41 | 0.63 | 0.52 | 0.81 |
| Dec 31, 2017 | 0.30 | 0.53 | 0.40 | 0.68 |
| Dec 31, 2016 | 0.23 | 0.42 | 0.26 | 0.66 |
| Dec 31, 2015 | 0.29 | 0.49 | 0.30 | 0.77 |
| Dec 31, 2014 | 0.34 | 0.75 | 0.45 | 1.13 |
| Dec 31, 2013 | 0.35 | 0.87 | 0.46 | 1.21 |
| Dec 31, 2012 | 0.38 | 0.99 | 0.49 | 1.36 |
| Dec 31, 2011 | 0.40 | 1.17 | 1.60 | 1.41 |
| Dec 31, 2010 | 0.36 | 1.07 | 1.21 | 1.22 |
| Dec 31, 2009 | 0.35 | 1.02 | 0.98 | 1.29 |
| Dec 31, 2008 | 0.58 | 1.64 | 1.69 | 2.02 |
| Dec 31, 2007 | 0.51 | 1.44 | 1.05 | 1.61 |
| Dec 31, 2006 | 0.55 | 1.54 | 1.11 | 1.67 |
| Dec 31, 2005 | 0.58 | 1.54 | 1.68 | 1.72 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Occidental Petroleum Corp., total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Occidental Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 0.31 | 0.67 |
| Dec 31, 2023 | 0.38 | 0.76 |
| Dec 31, 2022 | 0.50 | 0.94 |
| Dec 31, 2021 | 0.35 | 0.68 |
| Dec 31, 2020 | 0.22 | 0.43 |
| Dec 31, 2019 | 0.19 | 0.57 |
| Dec 31, 2018 | 0.41 | 0.69 |
| Dec 31, 2017 | 0.30 | 0.58 |
| Dec 31, 2016 | 0.23 | 0.50 |
| Dec 31, 2015 | 0.29 | 0.58 |
| Dec 31, 2014 | 0.34 | 0.85 |
| Dec 31, 2013 | 0.35 | 0.91 |
| Dec 31, 2012 | 0.38 | 1.02 |
| Dec 31, 2011 | 0.40 | 1.30 |
| Dec 31, 2010 | 0.36 | 1.12 |
| Dec 31, 2009 | 0.35 | 1.07 |
| Dec 31, 2008 | 0.58 | 1.73 |
| Dec 31, 2007 | 0.51 | 1.34 |
| Dec 31, 2006 | 0.55 | 1.41 |
| Dec 31, 2005 | 0.58 | 1.60 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Occidental Petroleum Corp., total asset turnover, long-term trends, comparison to industry (energy)
| Occidental Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | 0.31 | 0.67 |
| Dec 31, 2023 | 0.38 | 0.76 |
| Dec 31, 2022 | 0.50 | 0.93 |
| Dec 31, 2021 | 0.35 | 0.67 |
| Dec 31, 2020 | 0.22 | 0.44 |
| Dec 31, 2019 | 0.19 | 0.58 |
| Dec 31, 2018 | 0.41 | 0.67 |
| Dec 31, 2017 | 0.30 | 0.56 |
| Dec 31, 2016 | 0.23 | 0.49 |
| Dec 31, 2015 | 0.29 | 0.58 |
| Dec 31, 2014 | 0.34 | 0.84 |
| Dec 31, 2013 | 0.35 | 0.89 |
| Dec 31, 2012 | 0.38 | 1.00 |
| Dec 31, 2011 | 0.40 | 1.26 |
| Dec 31, 2010 | 0.36 | 1.08 |
| Dec 31, 2009 | 0.35 | 1.04 |
| Dec 31, 2008 | 0.58 | 1.68 |
| Dec 31, 2007 | 0.51 | 1.32 |
| Dec 31, 2006 | 0.55 | 1.38 |
| Dec 31, 2005 | 0.58 | 1.57 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).