Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Occidental Petroleum Corp., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 0.92 1.15 1.23 1.07 1.25
Quick ratio 0.51 0.68 0.84 0.50 0.63
Cash ratio 0.16 0.13 0.33 0.24 0.20

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Occidental Petroleum Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Occidental Petroleum Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Occidental Petroleum Corp. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Current Ratio

Occidental Petroleum Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 8,375 8,886 10,211 8,819 18,681
Current liabilities 9,148 7,757 8,324 8,223 14,949
Liquidity Ratio
Current ratio1 0.92 1.15 1.23 1.07 1.25
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.27 1.47 1.26 1.18 1.07
ConocoPhillips 1.43 1.46 1.34 2.25 2.40
Exxon Mobil Corp. 1.48 1.41 1.04 0.80 0.78
Marathon Petroleum Corp. 1.59 1.76 1.70 1.81 1.25
Pioneer Natural Resources Co. 0.88 0.96 1.52 1.36 0.88
Valero Energy Corp. 1.56 1.38 1.26 1.71 1.44
Current Ratio, Sector
Oil, Gas & Consumable Fuels 1.41 1.44 1.24 1.16 1.08
Current Ratio, Industry
Energy 1.41 1.43 1.24 1.17 1.09

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
Current ratio = Current assets ÷ Current liabilities
= 8,375 ÷ 9,148 = 0.92

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Occidental Petroleum Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

Occidental Petroleum Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,426 984 2,764 2,008 3,032
Trade receivables, net of reserves 3,195 4,281 4,208 2,115 6,373
Total quick assets 4,621 5,265 6,972 4,123 9,405
 
Current liabilities 9,148 7,757 8,324 8,223 14,949
Liquidity Ratio
Quick ratio1 0.51 0.68 0.84 0.50 0.63
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.87 1.12 0.90 0.77 0.72
ConocoPhillips 1.21 1.27 1.10 1.98 1.93
Exxon Mobil Corp. 1.06 1.03 0.69 0.44 0.47
Marathon Petroleum Corp. 1.08 1.26 1.22 0.39 0.58
Pioneer Natural Resources Co. 0.66 0.79 1.41 1.22 0.77
Valero Energy Corp. 1.07 0.96 0.86 1.01 0.88
Quick Ratio, Sector
Oil, Gas & Consumable Fuels 1.00 1.07 0.88 0.63 0.66
Quick Ratio, Industry
Energy 0.99 1.05 0.88 0.64 0.67

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
Quick ratio = Total quick assets ÷ Current liabilities
= 4,621 ÷ 9,148 = 0.51

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Occidental Petroleum Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

Occidental Petroleum Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,426 984 2,764 2,008 3,032
Total cash assets 1,426 984 2,764 2,008 3,032
 
Current liabilities 9,148 7,757 8,324 8,223 14,949
Liquidity Ratio
Cash ratio1 0.16 0.13 0.33 0.24 0.20
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.25 0.52 0.21 0.25 0.22
ConocoPhillips 0.66 0.72 0.55 1.46 1.45
Exxon Mobil Corp. 0.48 0.43 0.12 0.08 0.05
Marathon Petroleum Corp. 0.51 0.59 0.61 0.03 0.09
Pioneer Natural Resources Co. 0.13 0.31 1.00 0.85 0.36
Valero Energy Corp. 0.32 0.28 0.24 0.36 0.20
Cash Ratio, Sector
Oil, Gas & Consumable Fuels 0.41 0.46 0.29 0.21 0.19
Cash Ratio, Industry
Energy 0.40 0.44 0.29 0.22 0.19

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
Cash ratio = Total cash assets ÷ Current liabilities
= 1,426 ÷ 9,148 = 0.16

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Occidental Petroleum Corp. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.