OCCIDENTAL PETROLEUM CORP DE
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
OXY$56.90+2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Cash Flows —
| Consolidated Condensed Statements of Cash Flows | Occidental Petroleum Corporation and Subsidiaries |
|---|
| Nine months ended September 30, | ||
|---|---|---|
| millions | 2024 | 2023 |
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net income | $3,198 | $3,498 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Discontinued operations, net | (182) | — |
| Depreciation, depletion and amortization of assets | 5,394 | 5,142 |
| Deferred income tax provision (benefit) | (182) | 148 |
| Asset impairments and other charges | 21 | 209 |
| (Gains) losses on sales of assets, net | 52 | (197) |
| Noncash charges to income and other | 339 | 343 |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in receivables | (532) | 609 |
| Increase in inventories | (226) | (44) |
| (Increase) decrease in other current assets | 219 | (367) |
| Decrease in accounts payable and accrued liabilities | (430) | (583) |
| Increase in current domestic and foreign income taxes | 512 | 311 |
| Operating cash flow from continuing operations | 8,183 | 9,069 |
| Operating cash flow from discontinued operations, net of taxes | (100) | — |
| Net cash provided by operating activities | 8,083 | 9,069 |
| CASH FLOW FROM INVESTING ACTIVITIES | ||
| Capital expenditures | (5,237) | (4,726) |
| Change in capital accrual | (39) | (48) |
| Purchases of assets, businesses and equity investments, net | (9,037) | (220) |
| Proceeds from sales of assets and equity investments, net | 1,662 | 405 |
| Equity investments and other, net | (149) | (422) |
| Net cash used by investing activities | (12,800) | (5,011) |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Draws on receivables securitization facility | — | 900 |
| Payment of receivables securitization facility | — | (900) |
| Proceeds from long-term debt, net | 9,612 | — |
| Payments of long-term debt, net | (4,007) | (22) |
| Proceeds from issuance of common stock | 571 | 92 |
| Redemption of preferred stock | — | (1,661) |
| Purchases of treasury stock | (9) | (1,611) |
| Cash dividends paid on common and preferred stock | (1,069) | (1,035) |
| Contributions from noncontrolling interest | 146 | — |
| Payment for taxes related to stock-based award settlement | (103) | (99) |
| Other financing, net | (95) | (99) |
| Net cash provided (used) by financing activities | 5,046 | (4,435) |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 329 | (377) |
| 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 | $1,793 | $649 |
| The accompanying notes are an integral part of these Consolidated Condensed Financial Statements. | ||
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