OCCIDENTAL PETROLEUM CORP DE
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 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 |
|---|
| Six months ended June 30, | ||
|---|---|---|
| millions | 2024 | 2023 |
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net income | $2,058 | $2,123 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Discontinued operations, net | (182) | — |
| Depreciation, depletion and amortization of assets | 3,468 | 3,430 |
| Deferred income tax provision (benefit) | (135) | 98 |
| Asset impairments and other charges | — | 209 |
| Gains on sales of assets, net | (27) | (5) |
| Noncash charges (benefits) to income and other | 308 | (51) |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in receivables | (702) | 1,432 |
| Increase in inventories | (787) | (75) |
| (Increase) decrease in other current assets | 146 | (347) |
| Increase (decrease) in accounts payable and accrued liabilities | 47 | (1,007) |
| Increase in current domestic and foreign income taxes | 207 | 133 |
| Net cash provided by operating activities | 4,401 | 5,940 |
| CASH FLOW FROM INVESTING ACTIVITIES | ||
| Capital expenditures | (3,554) | (3,107) |
| Change in capital accrual | (24) | 5 |
| Purchases of assets and equity investments, net | (187) | (140) |
| Proceeds from sales of businesses and assets, net | 148 | 80 |
| Equity investments and other, net | (64) | (375) |
| Net cash used by investing activities | (3,681) | (3,537) |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Payments of long-term debt, net | — | (22) |
| Proceeds from issuance of common stock | 504 | 37 |
| Redemption of preferred stock | — | (982) |
| Purchases of treasury stock | (9) | (1,177) |
| Cash dividends paid on common and preferred stock | (698) | (688) |
| Contribution from noncontrolling interest | 99 | — |
| Other financing, net | (185) | (64) |
| Net cash used by financing activities | (289) | (2,896) |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 431 | (493) |
| 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 | $1,895 | $533 |
| The accompanying notes are an integral part of these Consolidated Condensed Financial Statements. | ||
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