Occidental Petroleum Balance Sheet Health
Financial Health criteria checks 2/6
Occidental Petroleum has a total shareholder equity of $30.3B and total debt of $19.0B, which brings its debt-to-equity ratio to 62.6%. Its total assets and total liabilities are $74.0B and $43.7B respectively. Occidental Petroleum's EBIT is $6.0B making its interest coverage ratio 7.4. It has cash and short-term investments of $1.4B.
Key information
62.6%
Debt to equity ratio
US$19.00b
Debt
| Interest coverage ratio | 7.4x |
| Cash | US$1.43b |
| Equity | US$30.35b |
| Total liabilities | US$43.66b |
| Total assets | US$74.01b |
Recent financial health updates
Is Occidental Petroleum (NYSE:OXY) A Risky Investment?
Dec 13
Occidental Petroleum (NYSE:OXY) Has A Pretty Healthy Balance Sheet
Sep 11Is Occidental Petroleum (NYSE:OXY) Using Too Much Debt?
Jun 01We Think Occidental Petroleum (NYSE:OXY) Can Stay On Top Of Its Debt
Feb 09Recent updates
We Think Shareholders Will Probably Be Generous With Occidental Petroleum Corporation's (NYSE:OXY) CEO Compensation
Apr 26Occidental: Decades Of Growth Ahead
Apr 20Why We're Not Concerned About Occidental Petroleum Corporation's (NYSE:OXY) Share Price
Apr 10Occidental Petroleum's Diverse Strategy Just Might Work Out
Apr 01Occidental Petroleum Acquisition Progress Report
Mar 15Occidental Petroleum (NYSE:OXY) Is Paying Out A Larger Dividend Than Last Year
Mar 05Occidental Petroleum: Western Midstream Asset Sale Could Help Clean Up Balance Sheet
Feb 21Occidental Petroleum's (NYSE:OXY) Weak Earnings May Only Reveal A Part Of The Whole Picture
Feb 21Occidental Petroleum's (NYSE:OXY) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 20Occidental Petroleum: Buy Weakness, Wait Patiently And Don't Hurry
Jan 21Lacklustre Performance Is Driving Occidental Petroleum Corporation's (NYSE:OXY) Low P/E
Dec 31Occidental Petroleum Is A Permian Powerhouse
Dec 22Is Occidental Petroleum (NYSE:OXY) A Risky Investment?
Dec 13Occidental Petroleum: Follow Warren Buffett's Lead And Add Near His Dollar-Cost Average
Nov 28Occidental Petroleum Q3: OPEC+ Supply Cuts And Earnings Upside (Rating Upgrade)
Nov 22Occidental Petroleum Remains A Giant
Nov 13Are Investors Undervaluing Occidental Petroleum Corporation (NYSE:OXY) By 36%?
Nov 07Occidental: Left Out Of Deals Due To Buffett
Nov 01Occidental Petroleum: Take Me Down To 45Q Funkytown
Oct 13Occidental Petroleum: Buffett Teaches Persistency And Patience
Oct 02Occidental: Why It's Worth Waiting For A Better Entry Point
Sep 21Occidental Petroleum (NYSE:OXY) Has A Pretty Healthy Balance Sheet
Sep 11Occidental Petroleum: The Advantages Of Leverage
Sep 03Occidental Petroleum: Warren Buffett And WTI Crude To The Rescue (Rating Upgrade)
Aug 27Occidental Petroleum Is A Bit On The Pricey Side Again
Aug 14A Look At The Intrinsic Value Of Occidental Petroleum Corporation (NYSE:OXY)
Aug 03Occidental Petroleum: Q2 Results Prove Buffett Overpaid
Aug 02Occidental Petroleum: Buffett Is Likely Wrong
Jul 24Occidental Petroleum: Warren Buffett Solidifies His Position
Jul 11Occidental Petroleum: Time To Deal With The Preferred
Jul 02Occidental Petroleum: Is It A Buy Below Berkshire's Average Purchases?
Jun 25Is Now The Time To Put Occidental Petroleum (NYSE:OXY) On Your Watchlist?
Jun 18Occidental Petroleum: Berkshire Buys More At A Higher P/E (Rating Downgrade)
Jun 08It Doesn't Matter If Warren Buffett Doesn't Want To Buy Occidental Petroleum
Jun 01Is Occidental Petroleum (NYSE:OXY) Using Too Much Debt?
Jun 01A Look At The Intrinsic Value Of Occidental Petroleum Corporation (NYSE:OXY)
May 01Here's Why Occidental Petroleum (NYSE:OXY) Has Caught The Eye Of Investors
Mar 17Occidental: A Full Story In 3 Dimensions
Feb 24We Think Occidental Petroleum (NYSE:OXY) Can Stay On Top Of Its Debt
Feb 09This Is Why Buffett Chose Occidental Petroleum
Feb 08Occidental Petroleum: Macro Factors About To Influence Oil To Drive Long-Term Growth
Jan 09Is Occidental Petroleum Corporation (NYSE:OXY) Worth US$61.8 Based On Its Intrinsic Value?
Dec 23Occidental Petroleum's Premium May Be Too Optimistic - Testing Its Buffett Support Soon
Dec 10Financial Position Analysis
Short Term Liabilities: OXY's short term assets ($8.4B) do not cover its short term liabilities ($9.1B).
Long Term Liabilities: OXY's short term assets ($8.4B) do not cover its long term liabilities ($34.5B).
Debt to Equity History and Analysis
Debt Level: OXY's net debt to equity ratio (57.9%) is considered high.
Reducing Debt: OXY's debt to equity ratio has increased from 48.4% to 62.6% over the past 5 years.
Debt Coverage: OXY's debt is well covered by operating cash flow (64.8%).
Interest Coverage: OXY's interest payments on its debt are well covered by EBIT (7.4x coverage).