Analysis of Geographic Areas
Occidental Petroleum Corp. operates in 2 regions: United States and International.
Area Asset Turnover
Occidental Petroleum Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 0.48 | 0.62 | 0.43 | 0.24 | 0.21 |
| International | 0.65 | 0.84 | 0.63 | 0.54 | 0.60 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| International | International area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: United States
Occidental Petroleum Corp.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue from customers | 24,736) | 32,020) | 22,787) | 14,167) | 15,327) |
| Property, plant and equipment, net | 51,646) | 51,706) | 53,197) | 59,016) | 72,808) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.48 | 0.62 | 0.43 | 0.24 | 0.21 |
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).
1 2023 Calculation
Area asset turnover = Revenue from customers ÷ Property, plant and equipment, net
= 24,736 ÷ 51,646 = 0.48
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: International
Occidental Petroleum Corp.; International; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue from customers | 4,488) | 5,638) | 4,266) | 3,721) | 4,611) |
| Property, plant and equipment, net | 6,883) | 6,678) | 6,733) | 6,873) | 7,661) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.65 | 0.84 | 0.63 | 0.54 | 0.60 |
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).
1 2023 Calculation
Area asset turnover = Revenue from customers ÷ Property, plant and equipment, net
= 4,488 ÷ 6,883 = 0.65
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Revenue from customers
Occidental Petroleum Corp., revenue from customers by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 24,736) | 32,020) | 22,787) | 14,167) | 15,327) |
| International | 4,488) | 5,638) | 4,266) | 3,721) | 4,611) |
| Eliminations | (899) | (1,424) | (1,094) | (758) | (1,264) |
| Total | 28,325) | 36,234) | 25,959) | 17,130) | 18,674) |
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).
Property, plant and equipment, net
Occidental Petroleum Corp., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 51,646) | 51,706) | 53,197) | 59,016) | 72,808) |
| International | 6,883) | 6,678) | 6,733) | 6,873) | 7,661) |
| Total | 58,529) | 58,384) | 59,930) | 65,889) | 80,469) |
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).