Occidental Petroleum Corporation (OXY)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	34,159,000	34,674,000	32,053,000	30,811,000	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
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $34,159,000K
= 0.00

Occidental Petroleum Corporation has consistently maintained a debt-to-equity ratio of 0.00 from March 2020 to December 2024. This indicates that the company's total debt is either zero or negligible compared to its equity. A debt-to-equity ratio of 0.00 signifies that Occidental Petroleum relies more on equity financing rather than debt to fund its operations and financial activities. This could suggest a lower financial risk and strong financial position, as the company has a lower level of leverage compared to its equity. However, it is important to note that a very low debt-to-equity ratio may also indicate that the company could be missing out on potential tax benefits associated with debt financing. Overall, Occidental Petroleum's consistent 0.00 debt-to-equity ratio may reflect a deliberate strategic decision regarding its capital structure.