Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

Occidental Petroleum Corp., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 0.43 0.27 0.25 0.57 0.40
Net fixed asset turnover (including operating lease, right-of-use asset) 0.43 0.27 0.25 0.57 0.40
Total asset turnover 0.35 0.22 0.19 0.41 0.30
Equity turnover 1.28 0.96 0.60 0.84 0.61

Based on: 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Occidental Petroleum Corp. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Occidental Petroleum Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 and from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Occidental Petroleum Corp. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Occidental Petroleum Corp. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover

Occidental Petroleum Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 25,956  17,809  20,393  17,824  12,508 
Property, plant and equipment, net 59,930  65,889  80,469  31,437  31,174 
Long-term Activity Ratio
Net fixed asset turnover1 0.43 0.27 0.25 0.57 0.40
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.06 0.60 0.93 0.94 0.76
ConocoPhillips 0.71 0.47 0.77 0.80 0.64
Devon Energy Corp. 0.80 0.86 0.71 0.77 0.66
Exxon Mobil Corp. 1.28 0.78 1.01 1.13 0.94
Marathon Oil Corp. 0.39 0.20 0.30 0.35 0.25
Pioneer Natural Resources Co. 0.60 0.44 0.60 0.63 0.39
Valero Energy Corp. 3.69 2.14 3.70 4.06 3.42
Net Fixed Asset Turnover, Sector
Oil, Gas & Consumable Fuels 1.13 0.70 0.97 1.12 0.90

Based on: 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).

1 2021 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 25,956 ÷ 59,930 = 0.43

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Occidental Petroleum Corp. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Occidental Petroleum Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 25,956  17,809  20,393  17,824  12,508 
 
Property, plant and equipment, net 59,930  65,889  80,469  31,437  31,174 
Operating lease assets 726  1,062  1,385  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 60,656  66,951  81,854  31,437  31,174 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.43 0.27 0.25 0.57 0.40
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Chevron Corp. 1.03 0.59 0.90 0.94 0.76
ConocoPhillips 0.70 0.46 0.75 0.80 0.64
Devon Energy Corp. 0.80 0.86 0.70 0.77 0.66
Exxon Mobil Corp. 1.24 0.76 0.98 1.13 0.94
Marathon Oil Corp. 0.38 0.20 0.29 0.35 0.25
Pioneer Natural Resources Co. 0.59 0.43 0.59 0.63 0.39
Valero Energy Corp. 3.55 2.05 3.54 4.06 3.42
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Oil, Gas & Consumable Fuels 1.10 0.68 0.94 1.12 0.90

Based on: 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).

1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 25,956 ÷ 60,656 = 0.43

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Occidental Petroleum Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 and from 2020 to 2021.

Total Asset Turnover

Occidental Petroleum Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 25,956  17,809  20,393  17,824  12,508 
Total assets 75,036  80,064  109,330  43,854  42,026 
Long-term Activity Ratio
Total asset turnover1 0.35 0.22 0.19 0.41 0.30
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.65 0.39 0.59 0.63 0.53
ConocoPhillips 0.51 0.30 0.46 0.52 0.40
Devon Energy Corp. 0.58 0.49 0.45 0.55 0.46
Exxon Mobil Corp. 0.82 0.54 0.70 0.81 0.68
Marathon Oil Corp. 0.33 0.17 0.25 0.28 0.20
Pioneer Natural Resources Co. 0.49 0.37 0.51 0.52 0.31
Valero Energy Corp. 1.97 1.25 2.01 2.33 1.87
Total Asset Turnover, Sector
Oil, Gas & Consumable Fuels 0.75 0.48 0.65 0.77 0.63

Based on: 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).

1 2021 Calculation
Total asset turnover = Net sales ÷ Total assets
= 25,956 ÷ 75,036 = 0.35

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Occidental Petroleum Corp. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Equity Turnover

Occidental Petroleum Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 25,956  17,809  20,393  17,824  12,508 
Stockholders’ equity 20,327  18,573  34,232  21,330  20,572 
Long-term Activity Ratio
Equity turnover1 1.28 0.96 0.60 0.84 0.61
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.12 0.72 0.97 1.03 0.91
ConocoPhillips 1.01 0.63 0.93 1.14 0.95
Devon Energy Corp. 1.32 1.67 1.07 1.17 1.51
Exxon Mobil Corp. 1.64 1.14 1.33 1.46 1.26
Marathon Oil Corp. 0.52 0.29 0.42 0.49 0.37
Pioneer Natural Resources Co. 0.78 0.61 0.80 0.77 0.47
Valero Energy Corp. 6.18 3.45 4.97 5.40 4.27
Equity Turnover, Sector
Oil, Gas & Consumable Fuels 1.50 1.02 1.26 1.40 1.20

Based on: 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).

1 2021 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 25,956 ÷ 20,327 = 1.28

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Occidental Petroleum Corp. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021.