Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Occidental Petroleum Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current maturities of long-term debt 1,138 1,202 165 186 440
Current operating lease liabilities 374 446 273 186 473
Accounts payable 3,753 3,646 4,029 3,899 2,987
Payroll and related expenses 694 693
Income tax payable 471 25
Accrued interest payable 446 336
Taxes other than on income 442 618
Carbon Engineering acquisition payable 393 300
Current asset retirement obligations 388 193
Dividends payable 354 307
Other 1,068 1,382 3,290 4,053 4,323
Accrued liabilities 4,256 3,854 3,290 4,053 4,323
Current liabilities 9,521 9,148 7,757 8,324 8,223
Long-term debt, net, excluding current maturities 24,978 18,536 19,670 29,431 35,745
Deferred income taxes, net 5,394 5,764 5,512 7,039 7,113
Asset retirement obligations 4,042 3,882 3,636 3,687 3,977
Long term tax liabilities 2,204 2,072
Environmental remediation liabilities 1,759 889 905 944 1,028
Pension and postretirement obligations 1,022 931 1,055 1,540 1,763
Non-current operating lease liabilities 614 727 657 585 641
Other 1,431 1,710 3,332 3,159 3,001
Other deferred credits and liabilities 7,030 6,329 5,949 6,228 6,433
Deferred credits and other liabilities 16,466 15,975 15,097 16,954 17,523
Noncurrent liabilities 41,444 34,511 34,767 46,385 53,268
Total liabilities 50,965 43,659 42,524 54,709 61,491
Preferred stock, at $1.00 per share par value 8,287 8,287 9,762 9,762 9,762
Common stock, $0.20 per share par value 233 222 220 217 216
Treasury stock (15,597) (15,582) (13,772) (10,673) (10,665)
Additional paid-in capital 19,868 17,422 17,181 16,749 16,552
Retained earnings 21,189 19,626 16,499 4,480 2,996
Accumulated other comprehensive income (loss) 179 275 195 (208) (288)
Stockholders’ equity 34,159 30,250 30,085 20,327 18,573
Noncontrolling interest 321 99
Total equity 34,480 30,349 30,085 20,327 18,573
Total liabilities and equity 85,445 74,008 72,609 75,036 80,064

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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Occidental Petroleum Corp. current liabilities increased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Occidental Petroleum Corp. noncurrent liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Occidental Petroleum Corp. total liabilities increased from 2022 to 2023 and from 2023 to 2024.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Occidental Petroleum Corp. stockholders’ equity increased from 2022 to 2023 and from 2023 to 2024.