OCCIDENTAL PETROLEUM CORP DE
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
OXY$56.90+2.0%Stored close · as of Nov 10, 2026
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Consolidated Condensed Statements of Cash Flows —
| Consolidated Condensed Statements of Cash Flows | Occidental Petroleum Corporation and Subsidiaries |
|---|
| Three months ended March 31, | ||
|---|---|---|
| millions | 2024 | 2023 |
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net income | $888 | $1,263 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Discontinued operations, net | (182) | — |
| Depreciation, depletion and amortization of assets | 1,693 | 1,721 |
| Deferred income tax provision (benefit) | (91) | 17 |
| Noncash charges to income and other | 138 | 152 |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in receivables | (76) | 1,010 |
| Increase in inventories | (110) | (248) |
| (Increase) decrease in other current assets | 6 | (122) |
| Decrease in accounts payable and accrued liabilities | (454) | (1,174) |
| Increase in current domestic and foreign income taxes | 195 | 251 |
| Net cash provided by operating activities | 2,007 | 2,870 |
| CASH FLOW FROM INVESTING ACTIVITIES | ||
| Capital expenditures | (1,783) | (1,461) |
| Change in capital accrual | 51 | (20) |
| Purchases of businesses and assets, net | (142) | (151) |
| Proceeds from sales of assets, net | 98 | 54 |
| Equity investments and other, net | (34) | (20) |
| Net cash used by investing activities | (1,810) | (1,598) |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Payments of long-term debt, net | — | (22) |
| Proceeds from issuance of common stock | 88 | 30 |
| Purchases of treasury stock | — | (732) |
| Cash dividends paid on common and preferred stock | (332) | (320) |
| Contribution from noncontrolling interest | 57 | — |
| Other financing, net | (141) | (36) |
| Net cash used by financing activities | (328) | (1,080) |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | (131) | 192 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period | 1,464 | 1,026 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period | $1,333 | $1,218 |
| The accompanying notes are an integral part of these Consolidated Condensed Financial Statements. | ||
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