Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

Occidental Petroleum Corp., balance sheet: property, plant and equipment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Oil and gas 121,874 109,214 104,487 101,251 102,454
Chemical 8,725 8,279 7,808 7,571 7,356
Midstream and marketing 9,322 8,279 7,550 8,371 8,232
Corporate 1,033 1,039 889 964 922
Property, plant and equipment, gross 140,954 126,811 120,734 118,157 118,964
Accumulated depreciation, depletion and amortization (71,576) (68,282) (62,350) (58,227) (53,075)
Property, plant and equipment, net 69,378 58,529 58,384 59,930 65,889

Based on: 10-K (reporting date: 2024-12-31), 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).

Item Description The company
Property, plant and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business 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, gross increased from 2022 to 2023 and from 2023 to 2024.
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 increased from 2022 to 2023 and from 2023 to 2024.

Asset Age Ratios (Summary)

Occidental Petroleum Corp., asset age ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Average age ratio 50.78% 53.85% 51.64% 49.28% 44.61%

Based on: 10-K (reporting date: 2024-12-31), 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).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Occidental Petroleum Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Average Age

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation, depletion and amortization 71,576 68,282 62,350 58,227 53,075
Property, plant and equipment, gross 140,954 126,811 120,734 118,157 118,964
Asset Age Ratio
Average age1 50.78% 53.85% 51.64% 49.28% 44.61%

Based on: 10-K (reporting date: 2024-12-31), 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).

2024 Calculations

1 Average age = 100 × Accumulated depreciation, depletion and amortization ÷ Property, plant and equipment, gross
= 100 × 71,576 ÷ 140,954 = 50.78%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Occidental Petroleum Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.