Occidental Petroleum Corporation (OXY)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	34,159,000	30,250,000	30,085,000	20,327,000	18,573,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $34,159,000K)
= 0.00

Occidental Petroleum Corporation's debt-to-capital ratio has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company is financing its operations without relying on debt, which may be considered a positive indicator of strong financial health and lower financial risk. Investors often view a lower debt-to-capital ratio favorably as it suggests that the company has a lower level of financial leverage and may be better equipped to weather economic downturns or challenging market conditions.