Occidental Petroleum (XBUL:OPC) Debt-to-Asset : 0.27 (As of Jun. 2024)

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What is Occidental Petroleum Debt-to-Asset?

Occidental Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was лв3,189 Mil. Occidental Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was лв34,596 Mil. Occidental Petroleum's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was лв138,355 Mil. Occidental Petroleum's debt to asset for the quarter that ended in Jun. 2024 was 0.27.

Occidental Petroleum Debt-to-Asset Historical Data

The historical data trend for Occidental Petroleum's Debt-to-Asset 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 Debt-to-Asset Chart

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.37

0.47

0.41

0.29

0.28

Occidental Petroleum Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.29	0.29	0.28	0.28	0.27

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

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

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

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

Occidental Petroleum Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2991.616	+	34968.143)	/	134346.796
	=	0.28

Occidental Petroleum's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3189.484	+	34596.006)	/	138354.981
	=	0.27

Occidental Petroleum (XBUL:OPC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Occidental Petroleum Debt-to-Asset Related Terms

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Occidental Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Occidental Petroleum Corp (XBUL:OPC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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

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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