Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cash and cash equivalents 1,759 1,845 1,272 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 3,924 3,896 3,271 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
Inventories 2,275 2,813 2,131 2,022 1,975 2,021 2,311 2,059 1,937 1,564 1,406 1,846 1,773 1,837 2,173 1,898 1,660 1,477 1,436 1,447 1,601 1,582 1,484
Other current assets 1,596 1,538 1,671 1,732 2,006 2,097 1,394 1,562 1,533 1,132 1,309 1,393 2,590 3,150 2,585 2,798 5,055 3,590 8,194 7,829 8,649 819 724
Current assets 9,554 10,092 8,345 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
Investments in unconsolidated entities 3,195 3,460 3,400 3,224 3,320 3,431 3,161 3,176 3,156 3,328 3,015 2,938 3,266 3,249 3,170 3,250 3,125 6,128 6,050 6,389 3,684 1,777 1,725
Oil and gas 120,410 111,881 110,680 109,214 107,888 107,190 105,679 104,487 103,236 102,122 101,511 101,251 100,483 99,926 102,718 102,454 103,954 109,026 107,014 105,881 110,668
Chemical 8,475 8,520 8,315 8,279 8,049 7,946 7,851 7,808 7,685 7,629 7,588 7,571 7,468 7,433 7,387 7,356 7,254 7,204 7,187 7,172 7,092
Midstream and marketing 9,004 8,730 8,487 8,279 7,993 7,834 7,691 7,550 7,669 7,577 7,483 8,371 8,304 8,276 8,249 8,232 8,211 8,210 8,189 8,176 17,768
Corporate 1,000 1,091 1,060 1,039 1,011 921 905 889 864 973 960 964 937 931 924 922 1,040 1,083 1,072 1,118 1,397
Gross property, plant and equipment 138,889 130,222 128,542 126,811 124,941 123,891 122,126 120,734 119,454 118,301 117,542 118,157 117,192 116,566 119,278 118,964 120,459 125,523 123,462 122,347 136,925
Accumulated depreciation, depletion and amortization (69,547) (71,352) (69,779) (68,282) (66,671) (65,550) (63,957) (62,350) (61,183) (59,728) (58,313) (58,227) (56,548) (54,720) (55,205) (53,075) (52,038) (52,919) (44,389) (41,878) (46,804)
Net property, plant and equipment 69,342 58,870 58,763 58,529 58,270 58,341 58,169 58,384 58,271 58,573 59,229 59,930 60,644 61,846 64,073 65,889 68,421 72,604 79,073 80,469 90,121
Net property, plant and equipment (legacy) 32,115 31,900
Operating lease assets 961 1,022 1,038 1,130 854 827 852 903 825 721 689 726 804 860 949 1,062 1,196 1,129 1,193 1,385 1,078 681 684
Other long-term assets 2,751 2,772 2,731 2,750 1,117 1,146 1,276 1,260 1,143 1,191 1,231 1,231 1,145 1,138 1,089 1,044 998 1,154 1,218 2,406 9,616 772 801
Long-term assets 76,249 66,124 65,932 65,633 63,561 63,745 63,458 63,723 63,395 63,813 64,164 64,825 65,859 67,093 69,281 71,245 73,740 81,015 87,534 90,649 104,499 35,345 35,110
Total assets 85,803 76,216 74,277 74,008 71,827 71,199 71,600 72,609 72,144 74,221 74,222 75,036 75,758 79,937 79,355 80,064 84,434 89,452 101,643 109,330 125,443 44,770 44,380

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).


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 increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Net property, plant and equipment 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. net property, plant and equipment increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

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 increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.