Occidental Petroleum Corporation (OXY)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	18,597,000	19,669,000	19,645,000	19,670,000	20,478,000	21,743,000	25,865,000	29,431,000	—	35,352,000	35,466,000	35,745,000	35,899,000	36,034,000	36,058,000	38,537,000	47,583,000	10,155,000	10,203,000
Total stockholders’ equity	US$ in thousands	30,250,000	29,312,000	29,111,000	29,559,000	30,085,000	28,720,000	27,830,000	24,907,000	20,327,000	18,873,000	18,244,000	18,300,000	18,573,000	19,860,000	23,346,000	31,295,000	34,232,000	36,080,000	21,347,000	21,236,000
Debt-to-equity ratio		0.00	0.63	0.68	0.66	0.65	0.71	0.78	1.04	1.45	0.00	1.94	1.94	1.92	1.81	1.54	1.15	1.13	1.32	0.48	0.48

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $30,250,000K
= 0.00

The debt-to-equity ratio for Occidental Petroleum Corp. has been relatively stable over the past eight quarters. The ratio ranged from 0.65 to 1.06 during this period. A declining trend was observed from Q2 2022 (0.80) to Q4 2022 (0.66), followed by a slight increase in Q1 2023 (0.67) and Q2 2023 (0.68). It then remained constant at 0.68 in Q3 2023 and Q4 2023.

Overall, the company's debt-to-equity ratio indicates that Occidental Petroleum Corp. has been maintaining a moderate level of debt relative to equity, with the most recent figures showing a healthy balance between debt and equity financing. This suggests that the company has been managing its leverage effectively, supporting its financial stability and ability to meet its debt obligations.