Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Occidental Petroleum Corp., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
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
Inventories 2,022 2,059 1,846 1,898 1,447
Other current assets 1,732 1,562 1,393 2,798 7,829
Current assets 8,375 8,886 10,211 8,819 18,681
Investments in unconsolidated entities 3,224 3,176 2,938 3,250 6,389
Property, plant and equipment, net 58,529 58,384 59,930 65,889 80,469
Operating lease assets 1,130 903 726 1,062 1,385
Other long-term assets, net 2,750 1,260 1,231 1,044 2,406
Long-term assets 65,633 63,723 64,825 71,245 90,649
Total assets 74,008 72,609 75,036 80,064 109,330

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Occidental Petroleum Corp. current assets decreased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Occidental Petroleum Corp. property, plant and equipment, net decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Occidental Petroleum Corp. long-term assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Occidental Petroleum Corp. total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Occidental Petroleum Corp. cash and cash equivalents decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Trade receivables, net of reserves Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Occidental Petroleum Corp. trade receivables, net of reserves increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Occidental Petroleum Corp. inventories increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.