Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Occidental Petroleum Corp., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2024-12-31), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Occidental Petroleum Corp. debt to equity ratio deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Occidental Petroleum Corp. debt to equity ratio (including operating lease liability) deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Occidental Petroleum Corp. debt to capital ratio deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Occidental Petroleum Corp. debt to capital ratio (including operating lease liability) deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Occidental Petroleum Corp. debt to assets ratio deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Occidental Petroleum Corp. debt to assets ratio (including operating lease liability) deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Occidental Petroleum Corp. financial leverage ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Occidental Petroleum Corp. interest coverage ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Debt to Equity
Occidental Petroleum Corp., debt to equity calculation (quarterly data)
| Dec 31, 2024 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current maturities of long-term debt | 1,138) | 1,179) | 1,347) | 1,203) | 1,202) | 1,224) | 158) | 139) | 165) | 546) | 459) | 507) | 186) | 780) | 651) | 559) | 440) | 2,558) | 2,460) | 2,464) | ||||||
| Long-term debt, net, excluding current maturities | 24,978) | 25,456) | 18,390) | 18,545) | 18,536) | 18,597) | 19,669) | 19,645) | 19,670) | 20,478) | 21,743) | 25,865) | 29,431) | 30,915) | 35,352) | 35,466) | 35,745) | 35,899) | 36,034) | 36,058) | ||||||
| Total debt | 26,116) | 26,635) | 19,737) | 19,748) | 19,738) | 19,821) | 19,827) | 19,784) | 19,835) | 21,024) | 22,202) | 26,372) | 29,617) | 31,695) | 36,003) | 36,025) | 36,185) | 38,457) | 38,494) | 38,522) | ||||||
| Stockholders’ equity | 34,159) | 34,674) | 32,053) | 30,811) | 30,250) | 29,312) | 29,111) | 29,559) | 30,085) | 28,720) | 27,830) | 24,907) | 20,327) | 18,873) | 18,244) | 18,300) | 18,573) | 19,860) | 23,346) | 31,295) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity1 | 0.76 | 0.77 | 0.62 | 0.64 | 0.65 | 0.68 | 0.68 | 0.67 | 0.66 | 0.73 | 0.80 | 1.06 | 1.46 | 1.68 | 1.97 | 1.97 | 1.95 | 1.94 | 1.65 | 1.23 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.16 | 0.17 | 0.15 | 0.14 | 0.13 | 0.12 | 0.14 | 0.15 | 0.15 | 0.15 | 0.17 | 0.20 | 0.23 | 0.27 | 0.32 | 0.34 | 0.34 | 0.26 | 0.25 | 0.22 | ||||||
| ConocoPhillips | 0.38 | 0.37 | 0.37 | 0.37 | 0.38 | 0.40 | 0.35 | 0.35 | 0.35 | 0.35 | 0.34 | 0.38 | 0.44 | 0.45 | 0.45 | 0.46 | 0.51 | 0.50 | 0.48 | 0.48 | ||||||
| Expand Energy Corp. | 0.32 | 0.20 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.34 | 0.43 | 0.52 | 0.52 | 0.40 | 0.41 | 0.37 | 0.33 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.16 | 0.16 | 0.16 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.24 | 0.26 | 0.28 | 0.28 | 0.35 | 0.38 | 0.40 | 0.43 | 0.39 | 0.39 | 0.33 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 26,116 ÷ 34,159 = 0.76
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Occidental Petroleum Corp. debt to equity ratio deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Debt to Equity (including Operating Lease Liability)
Occidental Petroleum Corp., debt to equity (including operating lease liability) calculation (quarterly data)
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 27,104 ÷ 34,159 = 0.79
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Occidental Petroleum Corp. debt to equity ratio (including operating lease liability) deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Debt to Capital
Occidental Petroleum Corp., debt to capital calculation (quarterly data)
| Dec 31, 2024 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current maturities of long-term debt | 1,138) | 1,179) | 1,347) | 1,203) | 1,202) | 1,224) | 158) | 139) | 165) | 546) | 459) | 507) | 186) | 780) | 651) | 559) | 440) | 2,558) | 2,460) | 2,464) | ||||||
| Long-term debt, net, excluding current maturities | 24,978) | 25,456) | 18,390) | 18,545) | 18,536) | 18,597) | 19,669) | 19,645) | 19,670) | 20,478) | 21,743) | 25,865) | 29,431) | 30,915) | 35,352) | 35,466) | 35,745) | 35,899) | 36,034) | 36,058) | ||||||
| Total debt | 26,116) | 26,635) | 19,737) | 19,748) | 19,738) | 19,821) | 19,827) | 19,784) | 19,835) | 21,024) | 22,202) | 26,372) | 29,617) | 31,695) | 36,003) | 36,025) | 36,185) | 38,457) | 38,494) | 38,522) | ||||||
| Stockholders’ equity | 34,159) | 34,674) | 32,053) | 30,811) | 30,250) | 29,312) | 29,111) | 29,559) | 30,085) | 28,720) | 27,830) | 24,907) | 20,327) | 18,873) | 18,244) | 18,300) | 18,573) | 19,860) | 23,346) | 31,295) | ||||||
| Total capital | 60,275) | 61,309) | 51,790) | 50,559) | 49,988) | 49,133) | 48,938) | 49,343) | 49,920) | 49,744) | 50,032) | 51,279) | 49,944) | 50,568) | 54,247) | 54,325) | 54,758) | 58,317) | 61,840) | 69,817) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital1 | 0.43 | 0.43 | 0.38 | 0.39 | 0.39 | 0.40 | 0.41 | 0.40 | 0.40 | 0.42 | 0.44 | 0.51 | 0.59 | 0.63 | 0.66 | 0.66 | 0.66 | 0.66 | 0.62 | 0.55 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.14 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.13 | 0.15 | 0.17 | 0.18 | 0.22 | 0.24 | 0.26 | 0.25 | 0.21 | 0.20 | 0.18 | ||||||
| ConocoPhillips | 0.27 | 0.27 | 0.27 | 0.27 | 0.28 | 0.29 | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.28 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.33 | 0.32 | 0.32 | ||||||
| Expand Energy Corp. | 0.24 | 0.17 | 0.16 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.25 | 0.30 | 0.34 | 0.34 | 0.29 | 0.29 | 0.27 | 0.25 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.14 | 0.14 | 0.14 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.20 | 0.21 | 0.22 | 0.22 | 0.26 | 0.28 | 0.29 | 0.30 | 0.28 | 0.28 | 0.25 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 26,116 ÷ 60,275 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Occidental Petroleum Corp. debt to capital ratio deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Debt to Capital (including Operating Lease Liability)
Occidental Petroleum Corp., debt to capital (including operating lease liability) calculation (quarterly data)
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 27,104 ÷ 61,263 = 0.44
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Occidental Petroleum Corp. debt to capital ratio (including operating lease liability) deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Debt to Assets
Occidental Petroleum Corp., debt to assets calculation (quarterly data)
| Dec 31, 2024 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current maturities of long-term debt | 1,138) | 1,179) | 1,347) | 1,203) | 1,202) | 1,224) | 158) | 139) | 165) | 546) | 459) | 507) | 186) | 780) | 651) | 559) | 440) | 2,558) | 2,460) | 2,464) | ||||||
| Long-term debt, net, excluding current maturities | 24,978) | 25,456) | 18,390) | 18,545) | 18,536) | 18,597) | 19,669) | 19,645) | 19,670) | 20,478) | 21,743) | 25,865) | 29,431) | 30,915) | 35,352) | 35,466) | 35,745) | 35,899) | 36,034) | 36,058) | ||||||
| Total debt | 26,116) | 26,635) | 19,737) | 19,748) | 19,738) | 19,821) | 19,827) | 19,784) | 19,835) | 21,024) | 22,202) | 26,372) | 29,617) | 31,695) | 36,003) | 36,025) | 36,185) | 38,457) | 38,494) | 38,522) | ||||||
| Total assets | 85,445) | 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) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets1 | 0.31 | 0.31 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.28 | 0.27 | 0.29 | 0.30 | 0.36 | 0.39 | 0.42 | 0.45 | 0.45 | 0.45 | 0.46 | 0.43 | 0.38 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.12 | 0.13 | 0.16 | 0.18 | 0.19 | 0.18 | 0.16 | 0.15 | 0.14 | ||||||
| ConocoPhillips | 0.20 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.20 | 0.22 | 0.23 | 0.23 | 0.24 | 0.25 | 0.24 | 0.24 | 0.23 | ||||||
| Expand Energy Corp. | 0.20 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.20 | 0.19 | 0.22 | 0.21 | 0.21 | 0.17 | 0.18 | 0.18 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.09 | 0.09 | 0.09 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.19 | 0.20 | 0.19 | 0.19 | 0.17 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 26,116 ÷ 85,445 = 0.31
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Occidental Petroleum Corp. debt to assets ratio deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Debt to Assets (including Operating Lease Liability)
Occidental Petroleum Corp., debt to assets (including operating lease liability) calculation (quarterly data)
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 27,104 ÷ 85,445 = 0.32
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Occidental Petroleum Corp. debt to assets ratio (including operating lease liability) deteriorated from Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Financial Leverage
Occidental Petroleum Corp., financial leverage calculation (quarterly data)
| Dec 31, 2024 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Total assets | 85,445) | 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) | ||||||
| Stockholders’ equity | 34,159) | 34,674) | 32,053) | 30,811) | 30,250) | 29,312) | 29,111) | 29,559) | 30,085) | 28,720) | 27,830) | 24,907) | 20,327) | 18,873) | 18,244) | 18,300) | 18,573) | 19,860) | 23,346) | 31,295) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Financial leverage1 | 2.50 | 2.47 | 2.38 | 2.41 | 2.45 | 2.45 | 2.45 | 2.42 | 2.41 | 2.51 | 2.67 | 2.98 | 3.69 | 4.01 | 4.38 | 4.34 | 4.31 | 4.25 | 3.83 | 3.25 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 1.69 | 1.66 | 1.64 | 1.63 | 1.63 | 1.60 | 1.59 | 1.60 | 1.62 | 1.64 | 1.68 | 1.70 | 1.72 | 1.77 | 1.82 | 1.83 | 1.82 | 1.69 | 1.67 | 1.64 | ||||||
| ConocoPhillips | 1.89 | 1.94 | 1.93 | 1.93 | 1.95 | 1.96 | 1.89 | 1.91 | 1.95 | 1.93 | 1.87 | 1.90 | 2.00 | 1.98 | 1.93 | 1.94 | 2.10 | 2.05 | 2.00 | 2.08 | ||||||
| Expand Energy Corp. | 1.59 | 1.31 | 1.31 | 1.31 | 1.34 | 1.39 | 1.39 | 1.42 | 1.70 | 2.22 | 2.39 | 2.47 | 1.94 | 2.41 | 2.05 | 1.78 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 1.72 | 1.72 | 1.72 | 1.84 | 1.84 | 1.86 | 1.82 | 1.86 | 1.89 | 1.99 | 2.07 | 2.10 | 2.01 | 2.10 | 2.13 | 2.13 | 2.12 | 2.02 | 2.01 | 1.95 | ||||||
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 85,445 ÷ 34,159 = 2.50
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Occidental Petroleum Corp. financial leverage ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Interest Coverage
Occidental Petroleum Corp., interest coverage calculation (quarterly data)
| Dec 31, 2024 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income (loss) attributable to Occidental | (127) | 1,133) | 1,162) | 888) | 1,198) | 1,375) | 860) | 1,263) | 1,927) | 2,746) | 3,755) | 4,876) | 1,537) | 828) | 103) | (146) | (1,112) | (3,575) | (8,131) | (2,013) | ||||||
| Add: Net income attributable to noncontrolling interest | 7) | 7) | 8) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
| Less: Discontinued operations, net of taxes | —) | —) | —) | 182) | —) | —) | —) | —) | —) | —) | —) | —) | (24) | (2) | 3) | (445) | 37) | 80) | (1,415) | —) | ||||||
| Add: Income tax expense | (49) | 454) | 465) | 304) | 361) | 434) | 467) | 471) | 473) | 902) | 1,231) | (1,793) | 469) | 387) | 43) | 16) | (276) | (403) | (1,468) | (25) | ||||||
| Add: Interest and debt expense, net | 327) | 312) | 252) | 284) | 247) | 230) | 230) | 238) | 260) | 285) | 114) | 371) | 385) | 449) | 385) | 395) | 409) | 353) | 310) | 352) | ||||||
| Earnings before interest and tax (EBIT) | 158) | 1,906) | 1,887) | 1,294) | 1,806) | 2,039) | 1,557) | 1,972) | 2,660) | 3,933) | 5,100) | 3,454) | 2,415) | 1,666) | 528) | 710) | (1,016) | (3,705) | (7,874) | (1,686) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Interest coverage1 | 4.46 | 6.29 | 6.94 | 6.76 | 7.80 | 8.59 | 9.99 | 15.23 | 14.71 | 12.90 | 9.58 | 5.07 | 3.30 | 1.15 | -2.26 | -8.10 | -10.03 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 47.31 | 49.42 | 59.46 | 60.29 | 64.08 | 77.06 | 87.36 | 102.29 | 97.27 | 86.49 | 68.50 | 44.87 | 31.39 | 19.12 | 8.50 | -11.85 | -9.69 | — | — | — | ||||||
| ConocoPhillips | 18.46 | 19.45 | 20.40 | 20.49 | 21.88 | 24.35 | 28.69 | 33.08 | 36.07 | 33.30 | 28.10 | 22.60 | 15.38 | 9.41 | 4.77 | 1.17 | -2.90 | — | — | — | ||||||
| Expand Energy Corp. | -5.84 | 4.89 | 7.48 | 16.78 | 30.97 | 38.48 | 37.15 | 38.90 | 23.82 | 20.56 | 14.91 | -1.25 | 75.07 | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 50.07 | 52.17 | 54.97 | 54.07 | 63.17 | 74.98 | 85.62 | 108.93 | 94.68 | 88.00 | 68.10 | 42.27 | 33.98 | -5.84 | -14.48 | -20.45 | -23.94 | — | — | — | ||||||
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Q4 2024 Calculation
Interest coverage
= (EBITQ4 2024
+ EBITQ3 2024
+ EBITQ2 2024
+ EBITQ1 2024)
÷ (Interest expenseQ4 2024
+ Interest expenseQ3 2024
+ Interest expenseQ2 2024
+ Interest expenseQ1 2024)
= (158 + 1,906 + 1,887 + 1,294)
÷ (327 + 312 + 252 + 284)
= 4.46
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Occidental Petroleum Corp. interest coverage ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |