Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 10

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 10
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Item 1. Financial Statements (unaudited)

Consolidated Condensed Balance SheetsOccidental Petroleum Corporation and SubsidiariesmillionsSeptember 30, 2025December 31, 2024ASSETSCURRENT ASSETSCash and cash equivalents$2,159 $2,132 Trade receivables, net of reserves of $24 in 2025 and $24 in 20243,169 3,526 Joint interest receivables667 720 Inventories2,117 2,095 Other current assets700 597 Total current assets8,812 9,070 INVESTMENTS IN UNCONSOLIDATED ENTITIES2,989 3,159 PROPERTY, PLANT AND EQUIPMENTOil and gas125,378 121,874 Chemical9,487 8,725 Midstream and marketing9,836 9,322 Corporate1,069 1,033 Property, plant and equipment, gross145,770 140,954 Accumulated depreciation, depletion and amortization(78,333)(71,576)Total property, plant and equipment, net67,437 69,378 OPERATING LEASE ASSETS1,170 937 OTHER LONG-TERM ASSETS3,064 2,901 TOTAL ASSETS$83,472 $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 amountsSeptember 30, 2025December 31, 2024LIABILITIES AND EQUITYCURRENT LIABILITIESCurrent maturities of long-term debt$1,616 $1,138 Current operating lease liabilities414 374 Accounts payable3,532 3,753 Accrued liabilities3,859 4,256 Total current liabilities9,421 9,521 LONG-TERM DEBT, NET20,846 24,978 DEFERRED CREDITS AND OTHER LIABILITIESDeferred income taxes, net5,402 5,394 Asset retirement obligations3,856 4,042 Other liabilities7,181 7,030 Total deferred credits and other liabilities16,439 16,466 EQUITYPreferred stock, at $1.00 per share par value, issued shares: 2025 — 84