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Total assets reported in FY2025.
Total liabilities reported in FY2025.
Shareholders' equity reported in FY2025.
Equity as a share of the latest capital base.
Review the reported balance sheet and jump directly to the source filing for any fiscal year.
Occidental Petroleum’s balance sheet strengthened materially over the five-year period, with stockholders’ equity rising from $20.3 billion in 2021 to $36.0 billion in 2025. That improvement reflects a significant reduction in leverage relative to the start of the period, even though total assets have stayed broadly in the mid-$70 billion to mid-$80 billion range. Assets were fairly stable from 2021 through 2023, then stepped up in 2024 before easing modestly in 2025 to $84.2 billion. Overall, the company appears to have shifted from a more stressed balance sheet in 2021 to a sturdier capital base by 2025. Liabilities fell sharply from $54.7 billion in 2021 to $42.5 billion in 2022, then increased again to $51.3 billion in 2024 before moderating to $48.2 billion in 2025. This pattern suggests active balance-sheet management, with debt and obligations likely influenced by commodity-cycle conditions and capital allocation decisions. In the oil and gas sector, volatility in earnings and cash flow often drives swings in leverage, and Occidental’s 2022–2025 trend is consistent with a company using improved upstream cash generation to rebuild equity and reduce financial risk after the heavier liability load seen in 2021.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.