Company: OXY-WT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000797468-25-000076
Chunk: 22

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 22
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Item 1. Financial Statements (unaudited)

Consolidated Condensed Balance SheetsOccidental Petroleum Corporation and SubsidiariesmillionsMarch 31, 2025December 31, 2024ASSETSCURRENT ASSETSCash and cash equivalents$2,612 $2,132 Trade receivables, net of reserves of $24 in 2025 and $24 in 20243,609 3,526 Joint interest receivables657 720 Inventories2,139 2,095 Other current assets699 597 Total current assets9,716 9,070 INVESTMENTS IN UNCONSOLIDATED ENTITIES3,121 3,159 PROPERTY, PLANT AND EQUIPMENTOil and gas122,880 121,874 Chemical8,943 8,725 Midstream and marketing9,477 9,322 Corporate1,044 1,033 Property, plant and equipment, gross142,344 140,954 Accumulated depreciation, depletion and amortization(74,117)(71,576)Total property, plant and equipment, net68,227 69,378 OPERATING LEASE ASSETS925 937 OTHER LONG-TERM ASSETS2,978 2,901 TOTAL ASSETS$84,967 $85,445 The accompanying notes are an integral part of these Consolidated Condensed Financial Statements.

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Consolidated Condensed Balance SheetsOccidental Petroleum Corporation and Subsidiariesmillions, except share and per-share amountsMarch 31, 2025December 31, 2024LIABILITIES AND EQUITYCURRENT LIABILITIESCurrent maturities of long-term debt$1,557 $1,138 Current operating lease liabilities393 374 Accounts payable3,779 3,753 Accrued liabilities3,894 4,256 Total current liabilities9,623 9,521 LONG-TERM DEBT, NET24,037 24,978 DEFERRED CREDITS AND OTHER LIABILITIESDeferred income taxes, net5,263 5,394 Asset retirement obligations3,854 4,042 Other liabilities7,085 7,030 Total deferred credits and other liabilities16,202 16,466 EQUITYPreferred stock, at $1.00 per share par value, issued shares: 2025 — 84,897