Occidental Petroleum Corporation (OXY)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	85,445,000	85,803,000	76,216,000	74,277,000	74,008,000	71,827,000	71,199,000	71,600,000	72,609,000	72,144,000	74,221,000	74,222,000	75,036,000	75,758,000	79,937,000	79,355,000	80,064,000	84,434,000	89,452,000	101,643,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $85,445,000K
= 0.00

Occidental Petroleum Corporation has consistently maintained a debt-to-assets ratio of 0.00 over the past several quarters, including March 31, 2020 through December 31, 2024. This indicates that the company has not taken on any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that Occidental Petroleum Corporation is not relying heavily on debt financing to operate its business and that it has a strong financial position with a relatively low level of financial risk. It also implies that the company's assets are primarily funded by equity rather than debt. This stable and low debt-to-assets ratio reflects positively on the company's financial health and ability to manage its capital structure effectively.