OCCIDENTAL PETROLEUM CORP DE
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 12, 2024
OXY$56.38+0.0%Stored close · as of Nov 6, 2026
Contents
Consolidated Condensed Balance Sheets — and
| Consolidated Condensed Balance Sheets | Occidental Petroleum Corporation and Subsidiaries |
|---|
| millions | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,759 | $1,426 |
| Trade receivables, net of reserves of $29 in 2024 and $29 in 2023 | 3,924 | 3,195 |
| Inventories | 2,275 | 2,022 |
| Other current assets | 1,596 | 1,732 |
| Total current assets | 9,554 | 8,375 |
| INVESTMENTS IN UNCONSOLIDATED ENTITIES | 3,195 | 3,224 |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Oil and gas | 120,410 | 109,214 |
| Chemical | 8,475 | 8,279 |
| Midstream and marketing | 9,004 | 8,279 |
| Corporate | 1,000 | 1,039 |
| Gross property, plant and equipment | 138,889 | 126,811 |
| Accumulated depreciation, depletion and amortization | (69,547) | (68,282) |
| Net property, plant and equipment | 69,342 | 58,529 |
| OPERATING LEASE ASSETS | 961 | 1,130 |
| OTHER LONG-TERM ASSETS | 2,751 | 2,750 |
| TOTAL ASSETS | $85,803 | $74,008 |
| The accompanying notes are an integral part of these Consolidated Condensed Financial Statements. | ||
| Consolidated Condensed Balance Sheets | Occidental Petroleum Corporation and Subsidiaries |
|---|
| millions, except share and per-share amounts | September 30, 2024 | December 31, 2023 |
|---|---|---|
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Current maturities of long-term debt | $1,179 | $1,202 |
| Current operating lease liabilities | 376 | 446 |
| Accounts payable | 3,935 | 3,646 |
| Accrued liabilities | 4,051 | 3,854 |
| Total current liabilities | 9,541 | 9,148 |
| LONG-TERM DEBT, NET | 25,456 | 18,536 |
| DEFERRED CREDITS AND OTHER LIABILITIES | ||
| Deferred income taxes, net | 5,630 | 5,764 |
| Asset retirement obligations | 3,888 | 3,882 |
| Pension and postretirement obligations | 933 | 931 |
| Environmental remediation liabilities | 847 | 889 |
| Operating lease liabilities | 638 | 727 |
| Other | 3,936 | 3,782 |
| Total deferred credits and other liabilities | 15,872 | 15,975 |
| EQUITY | ||
| Preferred stock, at $1.00 per share par value: 2024 — 84,897 shares and 2023 —84,897 shares | 8,287 | 8,287 |
| Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2024 — 1,166,358,039 shares and 2023 — 1,107,516,500 shares | 233 | 222 |
| Treasury stock: 2024 — 228,183,821 shares and 2023 — 228,053,397 shares | (15,591) | (15,582) |
| Additional paid-in capital | 19,802 | 17,422 |
| Retained earnings | 21,694 | 19,626 |
| Accumulated other comprehensive income | 249 | 275 |
| Total stockholders' equity | 34,674 | 30,250 |
| Non-controlling interest | 260 | 99 |
| Total equity | 34,934 | 30,349 |
| TOTAL LIABILITIES AND EQUITY | $85,803 | $74,008 |
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