Stock Analysis on Net
Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

Occidental Petroleum Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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
Net fixed asset turnover 0.39 0.39 0.46 0.46 0.48 0.50 0.54 0.61 0.63 0.62 0.58 0.49 0.43 0.37 0.32 0.26 0.27 — — —
Net fixed asset turnover (including operating lease, right-of-use asset) 0.38 0.39 0.45 0.45 0.47 0.50 0.53 0.60 0.62 0.61 0.57 0.48 0.43 0.36 0.31 0.25 0.27 — — —
Total asset turnover 0.31 0.32 0.36 0.36 0.38 0.41 0.44 0.50 0.50 0.50 0.45 0.39 0.35 0.29 0.24 0.21 0.22 — — —
Equity turnover 0.78 0.78 0.85 0.88 0.93 1.00 1.08 1.20 1.22 1.26 1.21 1.16 1.28 1.18 1.07 0.90 0.96 — — —

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Occidental Petroleum Corp. net fixed asset turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Occidental Petroleum Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Occidental Petroleum Corp. total asset turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Occidental Petroleum Corp. equity turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Net Fixed Asset Turnover

Occidental Petroleum Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 sales 6,760 7,173 6,817 5,975 7,172 7,158 6,702 7,225 8,219 9,390 10,676 8,349 7,913 6,792 5,958 5,293 4,160 4,108 2,928 6,613
Net property, plant and equipment 69,378 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
Long-term Activity Ratio
Net fixed asset turnover1 0.39 0.39 0.46 0.46 0.48 0.50 0.54 0.61 0.63 0.62 0.58 0.49 0.43 0.37 0.32 0.26 0.27 — — —
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.31 1.31 1.29 1.27 1.28 1.32 1.50 1.62 1.64 1.58 1.43 1.22 1.06 0.91 0.77 0.62 0.60 — — —
ConocoPhillips 0.58 0.78 0.80 0.79 0.80 0.91 1.02 1.16 1.21 1.18 1.02 0.83 0.71 0.64 0.51 0.39 0.47 — — —
Expand Energy Corp. 0.18 0.33 0.41 0.48 0.60 0.78 1.00 1.28 1.26 1.14 0.95 0.74 0.83 — — — — — — —
Exxon Mobil Corp. 1.15 1.13 1.14 1.55 1.56 1.68 1.76 1.92 1.95 1.90 1.68 1.44 1.28 1.10 0.96 0.81 0.78 — — —

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
Net fixed asset turnover = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Net property, plant and equipment
= (6,760 + 7,173 + 6,817 + 5,975) ÷ 69,378 = 0.39

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Occidental Petroleum Corp. net fixed asset turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Occidental Petroleum Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel
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 sales 6,760 7,173 6,817 5,975 7,172 7,158 6,702 7,225 8,219 9,390 10,676 8,349 7,913 6,792 5,958 5,293 4,160 4,108 2,928 6,613
 
Net property, plant and equipment 69,378 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
Operating lease assets 937 961 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
Net property, plant and equipment (including operating lease, right-of-use asset) 70,315 70,303 59,892 59,801 59,659 59,124 59,168 59,021 59,287 59,096 59,294 59,918 60,656 61,448 62,706 65,022 66,951 69,617 73,733 80,266
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.38 0.39 0.45 0.45 0.47 0.50 0.53 0.60 0.62 0.61 0.57 0.48 0.43 0.36 0.31 0.25 0.27 — — —

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
Net fixed asset turnover (including operating lease, right-of-use asset) = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Net property, plant and equipment (including operating lease, right-of-use asset)
= (6,760 + 7,173 + 6,817 + 5,975) ÷ 70,315 = 0.38

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Occidental Petroleum Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Total Asset Turnover

Occidental Petroleum Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
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 sales 6,760 7,173 6,817 5,975 7,172 7,158 6,702 7,225 8,219 9,390 10,676 8,349 7,913 6,792 5,958 5,293 4,160 4,108 2,928 6,613
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
Long-term Activity Ratio
Total asset turnover1 0.31 0.32 0.36 0.36 0.38 0.41 0.44 0.50 0.50 0.50 0.45 0.39 0.35 0.29 0.24 0.21 0.22 — — —
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.75 0.75 0.76 0.74 0.75 0.77 0.85 0.91 0.91 0.87 0.80 0.71 0.65 0.56 0.48 0.40 0.39 — — —
ConocoPhillips 0.45 0.57 0.59 0.58 0.59 0.64 0.74 0.83 0.84 0.79 0.70 0.58 0.51 0.41 0.34 0.27 0.30 — — —
Expand Energy Corp. 0.15 0.25 0.30 0.35 0.42 0.55 0.74 0.92 0.91 0.96 0.81 0.65 0.66 — — — — — — —
Exxon Mobil Corp. 0.75 0.74 0.74 0.88 0.89 0.93 1.00 1.07 1.08 1.05 0.96 0.86 0.82 0.72 0.64 0.54 0.54 — — —

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
Total asset turnover = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Total assets
= (6,760 + 7,173 + 6,817 + 5,975) ÷ 85,445 = 0.31

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Occidental Petroleum Corp. total asset turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Equity Turnover

Occidental Petroleum Corp., equity turnover calculation (quarterly data)

Microsoft Excel
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 sales 6,760 7,173 6,817 5,975 7,172 7,158 6,702 7,225 8,219 9,390 10,676 8,349 7,913 6,792 5,958 5,293 4,160 4,108 2,928 6,613
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
Long-term Activity Ratio
Equity turnover1 0.78 0.78 0.85 0.88 0.93 1.00 1.08 1.20 1.22 1.26 1.21 1.16 1.28 1.18 1.07 0.90 0.96 — — —
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.27 1.24 1.24 1.21 1.22 1.23 1.35 1.46 1.48 1.43 1.34 1.21 1.12 0.99 0.87 0.73 0.72 — — —
ConocoPhillips 0.84 1.11 1.13 1.12 1.14 1.26 1.40 1.58 1.64 1.53 1.30 1.09 1.01 0.82 0.66 0.52 0.63 — — —
Expand Energy Corp. 0.24 0.32 0.40 0.45 0.56 0.77 1.03 1.31 1.55 2.14 1.93 1.60 1.29 — — — — — — —
Exxon Mobil Corp. 1.29 1.27 1.27 1.61 1.63 1.73 1.83 1.99 2.04 2.08 1.99 1.81 1.64 1.50 1.35 1.15 1.14 — — —

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
Equity turnover = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Stockholders’ equity
= (6,760 + 7,173 + 6,817 + 5,975) ÷ 34,159 = 0.78

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Occidental Petroleum Corp. equity turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.