Occidental Petroleum Corporation (OXY)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	9,070,000	9,554,000	10,092,000	8,345,000	8,375,000	8,266,000	7,454,000	8,142,000	8,886,000	8,749,000	10,408,000	10,058,000	10,211,000	9,899,000	12,844,000	10,074,000	8,819,000	10,694,000	8,437,000	14,109,000
Total current liabilities	US$ in thousands	9,521,000	9,541,000	9,699,000	8,812,000	9,148,000	8,941,000	7,456,000	7,440,000	7,757,000	7,935,000	9,730,000	8,700,000	8,324,000	9,126,000	9,586,000	8,631,000	8,223,000	10,500,000	9,919,000	11,963,000
Current ratio		0.95	1.00	1.04	0.95	0.92	0.92	1.00	1.09	1.15	1.10	1.07	1.16	1.23	1.08	1.34	1.17	1.07	1.02	0.85	1.18

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $9,070,000K ÷ $9,521,000K
= 0.95

Occidental Petroleum Corporation's current ratio has fluctuated over the past few years, based on the provided data. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

From March 31, 2020, to June 30, 2022, the company's current ratio generally remained above 1, indicating that it had more current assets than current liabilities during this period. There was a significant increase in the current ratio from June 30, 2020, to June 30, 2021, suggesting improved liquidity.

However, from September 30, 2022, to December 31, 2024, the current ratio started to decline, falling below 1 at times. This may indicate potential liquidity challenges or an increase in short-term obligations compared to current assets during these periods.

It is essential for Occidental Petroleum Corporation to closely monitor its current ratio and ensure it remains at a healthy level to meet its short-term financial obligations effectively. Management may need to take appropriate measures to improve liquidity if the current ratio continues to decrease.