Cash flow Occidental Petroleum Corporation

Equities

OXY

US6745991058

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-09-06 pm EDT			5-day change	1st Jan Change
52.03 ^USD	-3.18%		-8.69%	-12.86%

Sep. 04	Susquehanna Adjusts Price Target on Occidental Petroleum to $78 From $81, Maintains Positive Rating	MT
Aug. 30	Wolfe Research Trims Occidental Petroleum Price Target to $82 From $83, Maintains Outperform Rating	MT

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Published financial data: OCCIDENTAL PETROLEUM CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	20.39B	17.81B	25.96B	36.63B	28.26B
Total Revenues	20.39B	17.81B	25.96B	36.63B	28.26B
Cost of Goods Sold, Total	8.34B	8.47B	9.66B	12.06B	11.28B
Gross Profit	12.06B	9.34B	16.3B	24.57B	16.97B
Selling General & Admin Expenses, Total	882M	864M	863M	945M	1.08B
Exploration / Drilling Costs, Total	246M	132M	252M	216M	441M
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	5.98B	8.1B	8.45B	6.93B	6.86B
Impairment of Oil, Gas & Mineral Properties - (IS)	285M	7.1B	304M	-	180M
Other Operating Expenses	2.08B	1.48B	2.07B	2.82B	2.43B
Other Operating Expenses, Total	9.48B	17.68B	11.94B	10.91B	11B
Operating Income	2.58B	-8.34B	4.36B	13.66B	5.97B
Interest Expense, Total	-880M	-1.85B	-1.49B	-713M	-945M
Interest And Investment Income	217M	118M	166M	153M	139M
Net Interest Expenses	-663M	-1.73B	-1.33B	-560M	-806M
Income (Loss) On Equity Invest.	373M	370M	631M	793M	534M
Other Non Operating Income (Expenses)	12M	-153M	-	-	-
EBT, Excl. Unusual Items	2.3B	-9.85B	3.67B	13.9B	5.7B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-1.65B	-339M	-153M	-89M	-26M
Impairment of Goodwill	-	-1.15B	-	-	-
Gain (Loss) On Sale Of Investments	622M	-2.67B	-	-	-29M
Gain (Loss) On Sale Of Assets	-1B	-1.67B	192M	308M	522M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-88M	-22M	-	-	260M
EBT, Incl. Unusual Items	186M	-15.7B	3.7B	14.12B	6.43B
Income Tax Expense	693M	-2.17B	915M	813M	1.73B
Earnings From Continuing Operations	-507M	-13.53B	2.79B	13.3B	4.7B
Earnings Of Discontinued Operations	-15M	-1.3B	-468M	-	-
Net Income to Company	-522M	-14.83B	2.32B	13.3B	4.7B
Minority Interest	-145M	-	-	-	-
Net Income - (IS)	-667M	-14.83B	2.32B	13.3B	4.7B
Preferred Dividend and Other Adjustments	318M	844M	810M	883M	946M
Net Income to Common Incl Extra Items	-985M	-15.68B	1.51B	12.42B	3.75B
Net Income to Common Excl. Extra Items	-970M	-14.38B	1.98B	12.42B	3.75B
Per Share Items
Net EPS - Basic	-1.22	-17.06	1.62	13.41	4.22
Basic EPS - Continuing Operations	-1.2	-15.65	2.12	13.41	4.22
Basic Weighted Average Shares Outstanding	810M	919M	935M	926M	889M
Net EPS - Diluted	-1.22	-17.06	1.57	12.4	3.9
Diluted EPS - Continuing Operations	-1.2	-15.65	2.06	12.4	3.9
Diluted Weighted Average Shares Outstanding	810M	919M	959M	1B	961M
Normalized Basic EPS	1.6	-6.7	2.45	9.38	4.01
Normalized Diluted EPS	1.6	-6.7	2.39	8.67	3.71
Dividend Per Share	3.14	0.82	0.04	0.52	0.72
Payout Ratio	-393.4	-12.44	36.13	8.9	29.07
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	8.84B	6.86B	13.11B	20.59B	13.02B
EBITA	2.58B	-8.34B	4.36B	13.66B	5.97B
EBIT	2.58B	-8.34B	4.36B	13.66B	5.97B
EBITDAR	9.33B	7.52B	13.71B	20.9B	13.88B
Total Revenues (As Reported)	21.23B	16.26B	26.31B	37.1B	28.92B
Effective Tax Rate - (Ratio)	372.58	13.83	24.7	5.76	26.96
Current Domestic Taxes	79M	-120M	209M	1.38B	963M
Current Foreign Taxes	1.64B	465M	660M	1.08B	713M
Total Current Taxes	1.72B	345M	869M	2.46B	1.68B
Deferred Domestic Taxes	-113M	-2.49B	38M	-1.63B	12M
Deferred Foreign Taxes	-914M	-30M	8M	-18M	45M
Total Deferred Taxes	-1.03B	-2.52B	46M	-1.64B	57M
Normalized Net Income	1.29B	-6.16B	2.29B	8.69B	3.56B
Interest Capitalized	85M	83M	61M	69M	98M
Interest on Long-Term Debt	1.07B	1.42B	1.61B	1.03B	945M
Non-Cash Pension Expense	-46M	-136M	-41M	-2M	5M
Supplemental Operating Expense Items
Exploration/Drilling Costs	246M	132M	252M	216M	441M
Net Rental Expense, Total	483M	664M	596M	312M	858M
Imputed Operating Lease Interest Expense	144M	255M	211M	75.21M	344M
Imputed Operating Lease Depreciation	339M	409M	385M	237M	514M
Stock-Based Comp., Other (Total)	208M	202M	287M	258M	217M
Total Stock-Based Compensation	208M	202M	287M	258M	217M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.03B	2.01B	2.76B	984M	1.43B
Trading Asset Securities, Total	5M	-	-	-	-
Total Cash And Short Term Investments	3.04B	2.01B	2.76B	984M	1.43B
Accounts Receivable, Total	6.37B	2.12B	4.21B	4.28B	3.2B
Other Receivables	86M	110M	105M	280M	79M
Total Receivables	6.46B	2.22B	4.31B	4.56B	3.27B
Inventory	1.45B	1.9B	1.85B	2.06B	2.02B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	480M	170M	24M	-	-
Other Current Assets, Total	7.26B	2.52B	1.26B	1.28B	1.65B
Total Current Assets	18.68B	8.82B	10.21B	8.89B	8.38B
Gross Property Plant And Equipment	124B	120B	119B	122B	128B
Accumulated Depreciation	-41.88B	-53.08B	-58.23B	-62.35B	-68.28B
Net Property Plant And Equipment	81.85B	66.95B	60.66B	59.29B	59.66B
Long-term Investments	6.39B	3.25B	2.94B	3.18B	3.22B
Goodwill	-	-	-	-	668M
Other Intangibles, Total	-	-	-	-	960M
Deferred Tax Assets Long-Term	-	-	37M	30M	26M
Other Long-Term Assets, Total	2.4B	1.04B	1.19B	1.23B	1.1B
Total Assets	109B	80.06B	75.04B	72.61B	74.01B
Liabilities
Accounts Payable, Total	7.02B	2.99B	3.9B	4.03B	3.65B
Accrued Expenses, Total	3.39B	2.06B	3.04B	2.78B	3.33B
Current Portion of Long-Term Debt	657M	1.33B	416M	22M	1.06B
Current Portion of Leases	620M	515M	271M	416M	592M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	3.26B	1.33B	693M	512M	522M
Total Current Liabilities	14.95B	8.22B	8.32B	7.76B	9.15B
Long-Term Debt	38.97B	36.25B	29.36B	19.12B	17.94B
Long-Term Leases	1.2B	957M	1.09B	1.2B	1.32B
Pension & Other Post Retirement Benefits	1.81B	1.76B	1.54B	1.06B	931M
Deferred Tax Liability Non Current	9.72B	7.11B	7.04B	5.51B	5.76B
Other Non Current Liabilities	8.46B	7.18B	7.35B	7.87B	8.55B
Total Liabilities	75.1B	61.49B	54.71B	42.52B	43.66B
Preferred Stock Redeemable	9.76B	9.76B	9.76B	9.76B	8.29B
Total Preferred Equity	9.76B	9.76B	9.76B	9.76B	8.29B
Common Stock, Total	209M	216M	217M	220M	222M
Additional Paid In Capital	14.96B	16.55B	16.75B	17.18B	17.42B
Retained Earnings	20.18B	3B	4.48B	16.5B	19.63B
Treasury Stock	-10.65B	-10.66B	-10.67B	-13.77B	-15.58B
Comprehensive Income and Other	-221M	-288M	-208M	195M	275M
Total Common Equity	24.47B	8.81B	10.56B	20.32B	21.96B
Minority Interest	-	-	-	-	99M
Total Equity	34.23B	18.57B	20.33B	30.08B	30.35B
Total Liabilities And Equity	109B	80.06B	75.04B	72.61B	74.01B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	895M	932M	934M	900M	879M
ECS Total Common Shares Outstanding	894M	932M	934M	900M	879M
Book Value / Share	27.37	9.46	11.31	22.58	24.97
Tangible Book Value	24.47B	8.81B	10.56B	20.32B	20.34B
Tangible Book Value Per Share	27.37	9.46	11.31	22.58	23.12
Total Debt	41.44B	39.06B	31.14B	20.76B	20.91B
Net Debt	38.41B	37.05B	28.38B	19.78B	19.48B
Debt Equivalent of Unfunded Proj. Benefit Obligation	715M	420M	203M	245M	147M
Debt Equivalent Oper. Leases	3.86B	5.31B	4.77B	2.5B	6.86B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	99M
Equity Method Investments, Total	6.39B	3.25B	2.94B	3.18B	3.22B
Account Code - Inventory Valuation	6	6	6	6	6
LIFO Reserve, Total	-40M	-29M	-99M	-121M	-108M
Inventories - Raw Materials, Total	954M	918M	879M	1.03B	1.1B
Inventories - Finished Goods, Total	533M	1.01B	1.07B	1.15B	1.03B
Full Time Employees	14.4K	11.8K	11.68K	11.97K	12.57K
Accumulated Allowance for Doubtful Accounts (Supple)	19M	24M	35M	37M	29M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-667M	-14.83B	2.32B	13.3B	4.7B
Depreciation & Amortization - CF	5.98B	8.1B	8.45B	6.93B	6.86B
Impairment of Oil, Gas & Mineral Properties - (CF)	285M	7.1B	304M	-	180M
Depreciation & Amortization, Total	6.27B	15.2B	8.75B	6.93B	7.04B
(Gain) Loss From Sale Of Asset	1B	-	-	-	-522M
(Gain) Loss on Sale of Investments - (CF)	-622M	4.34B	-192M	-308M	29M
Asset Writedown & Restructuring Costs	2M	1.23B	-	-	-
(Income) Loss On Equity Investments - (CF)	-50M	-61M	-70M	-219M	144M
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	172M	113M	181M	-	-
Other Operating Activities, Total	201M	-753M	868M	-1.57B	256M
Change In Accounts Receivable	-44M	2.06B	-2.09B	-97M	1.09B
Change In Inventories	77M	-484M	-86M	-230M	-91M
Change In Accounts Payable	793M	-3.23B	865M	-478M	-549M
Change In Income Taxes	59M	22M	-	-185M	225M
Change in Other Net Operating Assets	186M	350M	-119M	-335M	-13M
Cash from Operations	7.38B	3.96B	10.43B	16.81B	12.31B
Capital Expenditure	-6.36B	-2.54B	-2.87B	-4.5B	-6.27B
Sale of Property, Plant, and Equipment	4.93B	2.28B	1.62B	584M	448M
Cash Acquisitions	-28.09B	-114M	-431M	-990M	-713M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	565M	-	-	-	-
Investment in Marketable and Equity Securities, Total	355M	109M	406M	-116M	-470M
Other Investing Activities, Total	-436M	-560M	18M	147M	25M
Cash from Investing	-29.03B	-819M	-1.25B	-4.87B	-6.98B
Long-Term Debt Issued, Total	23.02B	6.94B	-	-	-
Total Debt Issued	23.02B	6.94B	-	-	-
Long-Term Debt Repaid, Total	-7.96B	-8.92B	-6.83B	-9.48B	-22M
Total Debt Repaid	-7.96B	-8.92B	-6.83B	-9.48B	-22M
Issuance of Common Stock	10.03B	134M	31M	293M	135M
Repurchase of Common Stock	-237M	-12M	-8M	-3.1B	-1.8B
Repurchase of Preferred Stock	-	-	-	-	-1.66B
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.62B	-1.84B	-839M	-1.18B	-1.36B
Common & Preferred Stock Dividends Paid	-2.62B	-1.84B	-839M	-1.18B	-1.36B
Other Financing Activities, Total	-31M	-813M	-922M	-241M	-179M
Cash from Financing	22.19B	-4.52B	-8.57B	-13.72B	-4.89B
Net Change in Cash	541M	-1.38B	609M	-1.78B	438M
Supplemental Items
Cash Interest Paid	911M	1.6B	1.68B	1.42B	1.1B
Cash Income Tax Paid (Refund)	1.62B	277M	693M	2.1B	1.28B
Levered Free Cash Flow	-1.19B	6.24B	8.59B	10.01B	5.27B
Unlevered Free Cash Flow	-638M	7.39B	9.52B	10.45B	5.86B
Change In Net Working Capital	2.37B	259M	-627M	773M	-1.13B
Net Debt Issued / Repaid	15.06B	-1.98B	-6.83B	-9.48B	-22M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.1	-5.56	3.51	11.57	5.09
Return on Total Capital	3	-7.81	5	16.69	7.31
Return On Equity %	-1.82	-51.26	14.34	52.78	15.54
Return on Common Equity	-4.24	-86.4	20.44	80.43	17.74
Margin Analysis
Gross Profit Margin %	59.12	52.45	62.79	67.07	60.07
SG&A Margin	4.32	4.85	3.32	2.58	3.83
EBITDA Margin %