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Occidental Petroleum Corp. (NYSE:OXY)

This company has been moved to the archive! The financial data has not been updated since August 6, 2025.

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Occidental Petroleum Corp., total asset turnover, long-term trends, calculation

Microsoft Excel
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 total asset turnover ratio exhibits significant volatility over the observed period from 2005 to 2024, reflecting fluctuating efficiency in the utilization of assets to generate net sales.

Initial Stability and Long-term Decline (2005–2016)
From 2005 to 2008, the asset turnover ratio remained relatively robust, fluctuating between 0.51 and 0.58. A sustained downward trend followed, with the ratio falling to 0.35 in 2009 and reaching a periodic low of 0.23 by 2016. This decline was driven by a substantial increase in the asset base—which grew from $26.11 billion in 2005 to a peak of $69.44 billion in 2013—that was not matched by a commensurate increase in net sales, particularly during the sales contraction observed between 2014 and 2016.
Asset Base Expansion and Efficiency Trough (2017–2019)
A temporary recovery occurred in 2018, where the ratio rose to 0.41. However, 2019 marked a critical inflection point as total assets surged to a peak of $109.33 billion. This massive expansion of the balance sheet, without a proportional increase in revenue, resulted in the lowest turnover ratio of the entire period, falling to 0.19.
Revenue-Driven Recovery and Recent Softening (2020–2024)
Between 2020 and 2022, a sharp recovery in efficiency is observed, with the ratio climbing to 0.50. This improvement was primarily propelled by a significant increase in net sales, which peaked at $36.63 billion in 2022. In the final two years of the period, the ratio declined again to 0.31 by December 31, 2024, coinciding with a decrease in net sales to $26.73 billion and a simultaneous increase in total assets to $85.45 billion.

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Comparison to Competitors

Occidental Petroleum Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
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)

Microsoft Excel
Occidental Petroleum Corp. Oil, Gas & Consumable Fuels
Dec 31, 2024 0.31 0.71
Dec 31, 2023 0.38 0.80
Dec 31, 2022 0.50 0.99
Dec 31, 2021 0.35 0.71
Dec 31, 2020 0.22 0.46
Dec 31, 2019 0.19 0.64
Dec 31, 2018 0.41 0.71
Dec 31, 2017 0.30 0.59
Dec 31, 2016 0.23 0.52
Dec 31, 2015 0.29 0.60
Dec 31, 2014 0.34 0.88
Dec 31, 2013 0.35 0.97
Dec 31, 2012 0.38 1.08
Dec 31, 2011 0.40 1.38
Dec 31, 2010 0.36 1.18
Dec 31, 2009 0.35 1.12
Dec 31, 2008 0.58 1.81
Dec 31, 2007 0.51 1.39
Dec 31, 2006 0.55 1.46
Dec 31, 2005 0.58 1.66

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)

Microsoft Excel
Occidental Petroleum Corp. Energy
Dec 31, 2024 0.31 0.71
Dec 31, 2023 0.38 0.79
Dec 31, 2022 0.50 0.97
Dec 31, 2021 0.35 0.71
Dec 31, 2020 0.22 0.47
Dec 31, 2019 0.19 0.63
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 0.59
Dec 31, 2014 0.34 0.87
Dec 31, 2013 0.35 0.94
Dec 31, 2012 0.38 1.05
Dec 31, 2011 0.40 1.33
Dec 31, 2010 0.36 1.13
Dec 31, 2009 0.35 1.10
Dec 31, 2008 0.58 1.76
Dec 31, 2007 0.51 1.37
Dec 31, 2006 0.55 1.43
Dec 31, 2005 0.58 1.63

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).