Occidental Petroleum (XTER:OPC) Days Payable : 86.02 (As of Sep. 2024)

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What is Occidental Petroleum Days Payable?

Occidental Petroleum's average Accounts Payable for the three months ended in Sep. 2024 was €3,762 Mil. Occidental Petroleum's Cost of Goods Sold for the three months ended in Sep. 2024 was €3,991 Mil. Hence, Occidental Petroleum's Days Payable for the three months ended in Sep. 2024 was 86.02.

The historical rank and industry rank for Occidental Petroleum's Days Payable or its related term are showing as below:

XTER:OPC' s Days Payable Range Over the Past 10 Years
Min: 69.41 Med: 129.02 Max: 177.3
Current: 81.79

During the past 13 years, Occidental Petroleum's highest Days Payable was 177.30. The lowest was 69.41. And the median was 129.02.

XTER:OPC's Days Payable is ranked better than
59.73% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs XTER:OPC: 81.79

Occidental Petroleum's Days Payable increased from Sep. 2023 (75.72) to Sep. 2024 (86.02). It may suggest that Occidental Petroleum delayed paying its suppliers.

Occidental Petroleum Days Payable Historical Data

The historical data trend for Occidental Petroleum's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Occidental Petroleum Days Payable Chart

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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121.62

92.14

67.26

73.85

78.37

Occidental Petroleum Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															75.72	73.25	84.37	86.27	86.02

Competitive Comparison of Occidental Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Occidental Petroleum's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Occidental Petroleum's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Occidental Petroleum's Days Payable distribution charts can be found below:

* The bar in red indicates where Occidental Petroleum's Days Payable falls into.

Occidental Petroleum Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Occidental Petroleum's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3803.376	+	3343.382)	/	2 )	/	16641.716	*	365
=	3573.379					/	16641.716	*	365
=	78.37

Occidental Petroleum's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3977.978	+	3545.435)	/	2 )	/	3990.529	*	365 / 4
=	3761.7065					/	3990.529	*	365 / 4
=	86.02

Occidental Petroleum Days Payable Related Terms

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Occidental Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Occidental Petroleum Corp (XTER:OPC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OXY.WS:USA OXY:USA OXY:Peru OXY1:Mexico OXY_KZ:Kazakhstan 1OXY:Italy 0KAK:UK OPC:Germany OPC:Germany OPC:Germany OXYP34:Brazil OPC:Bulgaria OXYP:Austria

Address

5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046

Website

https://www.oxy.com

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.

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