OCCIDENTAL PETROLEUM CORP DE
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
OXY$55.76-1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
FINANCIAL STATEMENTS
| Consolidated Balance Sheets | Occidental Petroleum Corporationand Subsidiaries |
|---|
| December 31, | ||
|---|---|---|
| millions | 2023 | 2022 |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,426 | $984 |
| Trade receivables, net of reserves of $29 in 2023 and $37 in 2022 | 3,195 | 4,281 |
| Inventories | 2,022 | 2,059 |
| Other current assets | 1,732 | 1,562 |
| Total current assets | 8,375 | 8,886 |
| INVESTMENTS IN UNCONSOLIDATED ENTITIES | 3,224 | 3,176 |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Oil and gas | 109,214 | 104,487 |
| Chemical | 8,279 | 7,808 |
| Midstream and marketing | 8,279 | 7,550 |
| Corporate | 1,039 | 889 |
| 126,811 | 120,734 | |
| Accumulated depreciation, depletion and amortization | (68,282) | (62,350) |
| Total property, plant and equipment, net | 58,529 | 58,384 |
| OPERATING LEASE ASSETS | 1,130 | 903 |
| OTHER LONG-TERM ASSETS | 2,750 | 1,260 |
| TOTAL ASSETS | $74,008 | $72,609 |
FINANCIAL STATEMENTS
| Consolidated Balance Sheets | Occidental Petroleum Corporationand Subsidiaries |
|---|
| December 31, | ||
|---|---|---|
| millions except share and per-share amounts | 2023 | 2022 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Current maturities of long-term debt (a) | $1,202 | $165 |
| Current operating lease liabilities | 446 | 273 |
| Accounts payable | 3,646 | 4,029 |
| Accrued liabilities | 3,854 | 3,290 |
| Total current liabilities | 9,148 | 7,757 |
| LONG-TERM DEBT, NET | ||
| Long-term debt, net (b) | 18,536 | 19,670 |
| DEFERRED CREDITS AND OTHER LIABILITIES | ||
| Deferred income taxes, net | 5,764 | 5,512 |
| Asset retirement obligations | 3,882 | 3,636 |
| Pension and postretirement obligations | 931 | 1,055 |
| Environmental remediation liabilities | 889 | 905 |
| Operating lease liabilities | 727 | 657 |
| Other | 3,782 | 3,332 |
| Total deferred credits and other liabilities | 15,975 | 15,097 |
| EQUITY | ||
| Preferred stock, at $1.00 per share par value (84,897 shares as of December 31, 2023 and 100,000 as of December 31, 2022) | 8,287 | 9,762 |
| Common stock, $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2023 — 1,107,516,500 and 2022 — 1,098,512,626 | 222 | 220 |
| Treasury stock: 2023 — 228,053,397 shares and 2022 — 198,653,682 shares | (15,582) | (13,772) |
| Additional paid-in capital | 17,422 | 17,181 |
| Retained earnings | 19,626 | 16,499 |
| Accumulated other comprehensive income | 275 | 195 |
| Total stockholders’ equity | 30,250 | 30,085 |
| Non-controlling interest | 99 | — |
| Total equity | 30,349 | 30,085 |
| TOTAL LIABILITIES AND EQUITY | $74,008 | $72,609 |
(a)Included $146 million and $143 million of current finance lease liabilities as of December 31, 2023 and 2022, respectively.
(b)Included $591 million and $546 million of finance lease liabilities as of December 31, 2023 and 2022, respectively.
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