Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Occidental Petroleum Corp., asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 0.48 0.62 0.43 0.24 0.21
International 0.65 0.84 0.63 0.54 0.60

Based on: 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).

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
International International area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Area Asset Turnover: United States

Occidental Petroleum Corp.; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue from customers 24,736 32,020 22,787 14,167 15,327
Property, plant and equipment, net 51,646 51,706 53,197 59,016 72,808
Area Activity Ratio
Area asset turnover1 0.48 0.62 0.43 0.24 0.21

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue from customers ÷ Property, plant and equipment, net
= 24,736 ÷ 51,646 = 0.48

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Area Asset Turnover: International

Occidental Petroleum Corp.; International; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue from customers 4,488 5,638 4,266 3,721 4,611
Property, plant and equipment, net 6,883 6,678 6,733 6,873 7,661
Area Activity Ratio
Area asset turnover1 0.65 0.84 0.63 0.54 0.60

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue from customers ÷ Property, plant and equipment, net
= 4,488 ÷ 6,883 = 0.65

Area activity ratio Geographic area The company
Area asset turnover International International area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Revenue from customers

Occidental Petroleum Corp., revenue from customers by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 24,736 32,020 22,787 14,167 15,327
International 4,488 5,638 4,266 3,721 4,611
Eliminations (899) (1,424) (1,094) (758) (1,264)
Total 28,325 36,234 25,959 17,130 18,674

Based on: 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).


Property, plant and equipment, net

Occidental Petroleum Corp., property, plant and equipment, net by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 51,646 51,706 53,197 59,016 72,808
International 6,883 6,678 6,733 6,873 7,661
Total 58,529 58,384 59,930 65,889 80,469

Based on: 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).