Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Occidental Petroleum Corp., liquidity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 0.92 0.92 1.00 1.09 1.15 1.10 1.07 1.16 1.23 1.08 1.34 1.17 1.07 1.02 0.85 1.18 1.25 1.33 1.20 1.23
Quick ratio 0.51 0.48 0.45 0.60 0.68 0.67 0.79 0.84 0.84 0.61 0.82 0.62 0.50 0.38 0.34 0.37 0.63 0.68 0.89 0.94
Cash ratio 0.16 0.07 0.07 0.16 0.13 0.16 0.14 0.22 0.33 0.23 0.48 0.26 0.24 0.18 0.10 0.17 0.20 0.31 0.22 0.23

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Occidental Petroleum Corp. cash ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Current Ratio

Occidental Petroleum Corp., current ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 8,375 8,266 7,454 8,142 8,886 8,749 10,408 10,058 10,211 9,899 12,844 10,074 8,819 10,694 8,437 14,109 18,681 20,944 9,425 9,270
Current liabilities 9,148 8,941 7,456 7,440 7,757 7,935 9,730 8,700 8,324 9,126 9,586 8,631 8,223 10,500 9,919 11,963 14,949 15,697 7,880 7,537
Liquidity Ratio
Current ratio1 0.92 0.92 1.00 1.09 1.15 1.10 1.07 1.16 1.23 1.08 1.34 1.17 1.07 1.02 0.85 1.18 1.25 1.33 1.20 1.23
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.27 1.25 1.43 1.43 1.47 1.40 1.31 1.43 1.26 1.28 1.17 1.11 1.18 1.26 1.14 1.01 1.07 1.12 1.15 1.12
ConocoPhillips 1.43 1.66 1.41 1.39 1.46 1.46 1.54 1.51 1.34 1.93 2.11 2.03 2.25 2.38 2.69 2.16 2.40 2.56 1.76 1.86
Exxon Mobil Corp. 1.48 1.42 1.48 1.46 1.41 1.34 1.16 1.07 1.04 0.90 0.85 0.80 0.80 0.86 0.93 0.78 0.78 0.78 0.74 0.77
Marathon Petroleum Corp. 1.59 1.67 1.84 1.90 1.76 1.66 1.49 1.45 1.70 2.02 1.98 1.89 1.81 1.84 1.27 1.16 1.25 1.25 1.24 1.20
Pioneer Natural Resources Co. 0.88 0.85 0.73 0.88 0.96 1.03 1.33 1.54 1.52 0.63 0.55 0.79 1.36 1.43 0.75 0.99 0.88 0.78 0.86 0.99
Valero Energy Corp. 1.56 1.51 1.59 1.52 1.38 1.32 1.25 1.18 1.26 1.31 1.36 1.43 1.71 1.90 1.75 1.31 1.44 1.40 1.42 1.43

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Quick Ratio

Occidental Petroleum Corp., quick ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,426 611 486 1,165 984 1,233 1,362 1,909 2,764 2,059 4,569 2,270 2,008 1,896 1,011 2,021 3,032 4,840 1,751 1,752
Trade receivables, net of reserves 3,195 3,674 2,850 3,272 4,281 4,046 6,350 5,434 4,208 3,477 3,288 3,046 2,115 2,083 2,359 2,458 6,373 5,854 5,273 5,310
Total quick assets 4,621 4,285 3,336 4,437 5,265 5,279 7,712 7,343 6,972 5,536 7,857 5,316 4,123 3,979 3,370 4,479 9,405 10,694 7,024 7,062
 
Current liabilities 9,148 8,941 7,456 7,440 7,757 7,935 9,730 8,700 8,324 9,126 9,586 8,631 8,223 10,500 9,919 11,963 14,949 15,697 7,880 7,537
Liquidity Ratio
Quick ratio1 0.51 0.48 0.45 0.60 0.68 0.67 0.79 0.84 0.84 0.61 0.82 0.62 0.50 0.38 0.34 0.37 0.63 0.68 0.89 0.94
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.87 0.84 0.97 1.03 1.12 1.03 1.00 1.12 0.90 0.90 0.83 0.77 0.77 0.84 0.74 0.66 0.72 0.82 0.80 0.79
ConocoPhillips 1.21 1.46 1.19 1.20 1.27 1.27 1.34 1.29 1.10 1.66 1.86 1.81 1.98 2.04 2.29 1.72 1.93 2.30 1.35 1.65
Exxon Mobil Corp. 1.06 1.05 1.06 1.07 1.03 0.98 0.84 0.74 0.69 0.55 0.51 0.47 0.44 0.51 0.55 0.50 0.47 0.48 0.45 0.48
Marathon Petroleum Corp. 1.08 1.17 1.24 1.27 1.26 1.15 1.08 1.05 1.22 1.35 1.39 0.50 0.39 0.39 0.47 0.54 0.58 0.59 0.59 0.51
Pioneer Natural Resources Co. 0.66 0.65 0.54 0.69 0.79 0.90 1.18 1.40 1.41 0.54 0.46 0.67 1.22 1.26 0.57 0.70 0.77 0.62 0.73 0.86
Valero Energy Corp. 1.07 1.05 1.07 0.99 0.96 0.90 0.90 0.79 0.86 0.85 0.89 0.92 1.01 1.19 0.89 0.79 0.87 0.84 0.88 0.86

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Cash Ratio

Occidental Petroleum Corp., cash ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,426 611 486 1,165 984 1,233 1,362 1,909 2,764 2,059 4,569 2,270 2,008 1,896 1,011 2,021 3,032 4,840 1,751 1,752
Total cash assets 1,426 611 486 1,165 984 1,233 1,362 1,909 2,764 2,059 4,569 2,270 2,008 1,896 1,011 2,021 3,032 4,840 1,751 1,752
 
Current liabilities 9,148 8,941 7,456 7,440 7,757 7,935 9,730 8,700 8,324 9,126 9,586 8,631 8,223 10,500 9,919 11,963 14,949 15,697 7,880 7,537
Liquidity Ratio
Cash ratio1 0.16 0.07 0.07 0.16 0.13 0.16 0.14 0.22 0.33 0.23 0.48 0.26 0.24 0.18 0.10 0.17 0.20 0.31 0.22 0.23
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.25 0.18 0.32 0.47 0.52 0.42 0.32 0.38 0.21 0.24 0.27 0.26 0.25 0.35 0.33 0.30 0.22 0.39 0.30 0.29
ConocoPhillips 0.66 0.91 0.71 0.75 0.72 0.74 0.67 0.61 0.55 1.14 1.31 1.18 1.46 1.58 1.92 1.35 1.45 1.69 0.95 1.12
Exxon Mobil Corp. 0.48 0.46 0.48 0.49 0.43 0.41 0.24 0.15 0.12 0.08 0.06 0.06 0.08 0.16 0.22 0.18 0.05 0.08 0.06 0.07
Marathon Petroleum Corp. 0.51 0.60 0.66 0.67 0.59 0.52 0.47 0.42 0.61 0.78 0.88 0.04 0.03 0.04 0.09 0.12 0.09 0.10 0.08 0.06
Pioneer Natural Resources Co. 0.13 0.08 0.07 0.33 0.31 0.44 0.69 0.80 1.00 0.17 0.07 0.28 0.85 0.86 0.21 0.43 0.36 0.27 0.42 0.51
Valero Energy Corp. 0.32 0.33 0.34 0.36 0.28 0.23 0.25 0.13 0.24 0.24 0.25 0.18 0.36 0.50 0.32 0.17 0.20 0.18 0.16 0.22

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.