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, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 0.38 | 0.48 | 0.62 | 0.43 | 0.24 |
| International | 0.65 | 0.65 | 0.84 | 0.63 | 0.54 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| International | International area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: United States
Occidental Petroleum Corp.; United States; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue from customers | 23,880) | 24,736) | 32,020) | 22,787) | 14,167) |
| Property, plant and equipment, net | 62,604) | 51,646) | 51,706) | 53,197) | 59,016) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.38 | 0.48 | 0.62 | 0.43 | 0.24 |
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).
1 2024 Calculation
Area asset turnover = Revenue from customers ÷ Property, plant and equipment, net
= 23,880 ÷ 62,604 = 0.38
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: International
Occidental Petroleum Corp.; International; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue from customers | 4,398) | 4,488) | 5,638) | 4,266) | 3,721) |
| Property, plant and equipment, net | 6,774) | 6,883) | 6,678) | 6,733) | 6,873) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.65 | 0.65 | 0.84 | 0.63 | 0.54 |
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).
1 2024 Calculation
Area asset turnover = Revenue from customers ÷ Property, plant and equipment, net
= 4,398 ÷ 6,774 = 0.65
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Revenue from customers
Occidental Petroleum Corp., revenue from customers by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 23,880) | 24,736) | 32,020) | 22,787) | 14,167) |
| International | 4,398) | 4,488) | 5,638) | 4,266) | 3,721) |
| Eliminations | (865) | (899) | (1,424) | (1,094) | (758) |
| Total | 27,413) | 28,325) | 36,234) | 25,959) | 17,130) |
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).
Property, plant and equipment, net
Occidental Petroleum Corp., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 62,604) | 51,646) | 51,706) | 53,197) | 59,016) |
| International | 6,774) | 6,883) | 6,678) | 6,733) | 6,873) |
| Total | 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).