OXY.WS (Occidental Petroleum) Debt-to-Equity : 0.80 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Occidental Petroleum Debt-to-Equity?

Occidental Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,555.00 Mil. Occidental Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $26,094.00 Mil. Occidental Petroleum's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $34,674.00 Mil. Occidental Petroleum's debt to equity for the quarter that ended in Sep. 2024 was 0.80.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Occidental Petroleum's Debt-to-Equity or its related term are showing as below:

OXY.WS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.66 Max: 2.02
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Occidental Petroleum was 2.02. The lowest was 0.20. And the median was 0.66.

OXY.WS's Debt-to-Equity is ranked worse than
67.68% of 823 companies
in the Oil & Gas industry
Industry Median: 0.47 vs OXY.WS: 0.80

Occidental Petroleum Debt-to-Equity Historical Data

The historical data trend for Occidental Petroleum's Debt-to-Equity 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.

* Premium members only.

Occidental Petroleum Debt-to-Equity Chart

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.17

2.01

1.50

0.69

Occidental Petroleum Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.71	0.69	0.68	0.65	0.80

Competitive Comparison of Occidental Petroleum's Debt-to-Equity

For the Oil & Gas E&P subindustry, Occidental Petroleum's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Occidental Petroleum's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Occidental Petroleum's Debt-to-Equity falls into.

Occidental Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Occidental Petroleum's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1648	+	19263)	/	30250
	=	0.69

Occidental Petroleum's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1555	+	26094)	/	34674
	=	0.80

Occidental Petroleum (NYSE:OXY.WS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Occidental Petroleum Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Occidental Petroleum's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Occidental Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Occidental Petroleum Corp (NYSE:OXY.WS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OXY:USA OXY:Peru OXY1:Mexico OXY_KZ:Kazakhstan 1OXY:Italy 0KAK:UK OPC:Germany 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.