2023 Q1 Form 10-K Financial Statement

#000079746823000011 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $7.225B $8.250B $36.63B
YoY Change -13.46% 3.94% 41.14%
Cost Of Revenue $745.0M $2.934B $3.273B
YoY Change -8.92% 10.51% 18.07%
Gross Profit $6.480B $5.316B $33.36B
YoY Change -13.96% 0.64% 43.9%
Gross Profit Margin 89.69% 64.44% 91.07%
Selling, General & Admin $241.0M $618.0M $945.0M
YoY Change 22.96% 14.02% 9.5%
% of Gross Profit 3.72% 11.63% 2.83%
Research & Development $102.0M $118.0M $216.0M
YoY Change 308.0% 10.28% -14.29%
% of Gross Profit 1.57% 2.22% 0.65%
Depreciation & Amortization $1.721B $1.819B $6.926B
YoY Change 4.75% -7.48% -18.01%
% of Gross Profit 26.56% 34.22% 20.76%
Operating Expenses $241.0M $2.917B $945.0M
YoY Change 22.96% -0.03% 9.5%
Operating Profit $6.239B $2.399B $32.42B
YoY Change -14.94% 1.48% 45.23%
Interest Expense -$134.0M $8.000M $388.0M
YoY Change -252.27% -104.65% -158.0%
% of Operating Profit -2.15% 0.33% 1.2%
Other Income/Expense, Net $100.0M $1.110B
YoY Change -69.14% 47.41%
Pretax Income $1.734B $2.400B $14.12B
YoY Change -43.76% 18.23% 281.03%
Income Tax $471.0M $473.0M $813.0M
% Of Pretax Income 27.16% 19.71% 5.76%
Net Earnings $1.263B $1.727B $13.30B
YoY Change -74.1% 12.36% 472.95%
Net Earnings / Revenue 17.48% 20.93% 36.32%
Basic Earnings Per Share $1.08 $13.41
Diluted Earnings Per Share $1.00 $1.74 $12.40
COMMON SHARES
Basic Shares Outstanding 900.1M shares 926.2M shares
Diluted Shares Outstanding 975.3M shares 1.002B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.165B $984.0M $984.0M
YoY Change -38.97% -64.4% -64.4%
Cash & Equivalents $1.165B $984.0M $984.0M
Short-Term Investments
Other Short-Term Assets $1.394B $1.562B $1.562B
YoY Change 6.49% 18.24% 12.13%
Inventory $2.311B $2.059B $2.059B
Prepaid Expenses
Receivables $3.300B $4.300B $4.281B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.142B $8.886B $8.886B
YoY Change -19.05% -12.98% -12.98%
LONG-TERM ASSETS
Property, Plant & Equipment $59.02B $59.29B $59.29B
YoY Change -1.5% -2.26% -2.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.161B $3.176B $3.176B
YoY Change 4.84% 8.1% 8.1%
Other Assets $17.00M $16.00M $16.00M
YoY Change 0.0% 6.67% 6.67%
Total Long-Term Assets $63.46B $63.72B $63.72B
YoY Change -1.1% -1.7% -1.7%
TOTAL ASSETS
Total Short-Term Assets $8.142B $8.886B $8.886B
Total Long-Term Assets $63.46B $63.72B $63.72B
Total Assets $71.60B $72.61B $72.61B
YoY Change -3.53% -3.23% -3.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.514B $4.029B $4.029B
YoY Change -24.66% 3.33% 3.33%
Accrued Expenses $2.788B $3.290B $3.274B
YoY Change -16.92% -18.69% -14.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $139.0M $165.0M $165.0M
YoY Change -72.58% -11.29% -11.29%
Total Short-Term Liabilities $7.440B $7.757B $7.757B
YoY Change -14.48% -6.81% -6.81%
LONG-TERM LIABILITIES
Long-Term Debt $19.65B $19.67B $19.67B
YoY Change -24.05% -33.17% -33.17%
Other Long-Term Liabilities $3.349B $3.332B $9.585B
YoY Change 2.17% 5.48% -3.33%
Total Long-Term Liabilities $22.99B $3.332B $29.26B
YoY Change -21.1% -89.78% -25.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.440B $7.757B $7.757B
Total Long-Term Liabilities $22.99B $3.332B $29.26B
Total Liabilities $30.43B $11.09B $42.52B
YoY Change -19.58% -72.9% -22.27%
SHAREHOLDERS EQUITY
Retained Earnings $17.32B $16.50B
YoY Change 91.74% 268.28%
Common Stock $221.0M $17.40B
YoY Change 1.84% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.52B $13.77B
YoY Change 35.62% 29.04%
Treasury Stock Shares 211.2M shares 198.7M shares
Shareholders Equity $29.56B $30.09B $30.09B
YoY Change
Total Liabilities & Shareholders Equity $71.60B $72.61B $72.61B
YoY Change -3.53% -3.23% -3.23%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.263B $1.727B $13.30B
YoY Change -74.1% 12.36% 472.95%
Depreciation, Depletion And Amortization $1.721B $1.819B $6.926B
YoY Change 4.75% -7.48% -18.01%
Cash From Operating Activities $2.870B $3.975B $16.81B
YoY Change -11.39% 28.56% 61.11%
INVESTING ACTIVITIES
Capital Expenditures $1.461B $1.520B $4.497B
YoY Change 70.28% -262.22% 56.69%
Acquisitions
YoY Change
Other Investing Activities -$137.0M -$378.0M -$375.0M
YoY Change -169.9% -142.66% -123.19%
Cash From Investing Activities -$1.598B -$1.898B -$4.872B
YoY Change 141.39% 3621.57% 288.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.806B
YoY Change -12300.0%
Debt Paid & Issued, Net $22.00M $9.484B
YoY Change -99.32% 38.78%
Cash From Financing Activities -$1.080B -2.330B -$13.72B
YoY Change -68.5% -7.98% 60.0%
NET CHANGE
Cash From Operating Activities $2.870B 3.975B $16.81B
Cash From Investing Activities -$1.598B -1.898B -$4.872B
Cash From Financing Activities -$1.080B -2.330B -$13.72B
Net Change In Cash $192.0M -253.0M -$1.777B
YoY Change -122.54% -149.71% -391.79%
FREE CASH FLOW
Cash From Operating Activities $2.870B $3.975B $16.81B
Capital Expenditures $1.461B $1.520B $4.497B
Free Cash Flow $1.409B $2.455B $12.31B
YoY Change -40.82% -39.07% 62.78%

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ScheduleOfRepurchaseAgreements
<div style="margin-top:2pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The following table presents the effects of Occidental's share repurchases as part of the $3.0 billion stock repurchase plan announced in February 2022, along with other transactions in Occidental's stock:</span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:33.095%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.374%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.549%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.529%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.549%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.386%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.549%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.386%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.549%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.534%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Period</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Exercise of Warrants and Options</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(a)</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Other</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(b)</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Treasury Stock Purchases</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(c)</span></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Common Stock Outstanding</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(d)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">December 31, 2021</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">934,074,700 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">First Quarter 2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,082,282 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,764,746 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(730,746)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">937,190,982 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Second Quarter 2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,409,920 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">42,342 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(11,679,732)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">928,963,512 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Third Quarter 2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,667,545 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,280 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(28,571,576)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">908,077,761 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Fourth Quarter 2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">86,309 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,108 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(8,323,234)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">899,858,944 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Total 2022</span></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,246,056 </span></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,843,476 </span></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(49,305,288)</span></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">899,858,944 </span></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"/></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(a)    </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Approximately $280 million of cash was received as a result of the exercise of common stock warrants and options.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(b)    </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Consisted of issuances for the 2015 long-term incentive plan, the OPC savings plan, dividend reinvestment plan and Anadarko restricted stock awards.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(c)    </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Included purchases of 1,640,719 shares from the trustee of Occidental's defined contribution savings plan that are not part of publicly announced plans or programs.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(d)    </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">As of December 31, 2022, Occidental had 104 million outstanding warrants with a strike of $22 per share and 83.9 million of warrants with a strike of $59.62 per share.</span></div>
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3000000000 usd
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
934074700 shares
CY2022Q1 oxy Warrants And Stock Options Exercises In Period
WarrantsAndStockOptionsExercisesInPeriod
1082282 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
2764746 shares
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
730746 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
937190982 shares
CY2022Q2 oxy Warrants And Stock Options Exercises In Period
WarrantsAndStockOptionsExercisesInPeriod
3409920 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
42342 shares
CY2022Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
11679732 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
928963512 shares
CY2022Q3 oxy Warrants And Stock Options Exercises In Period
WarrantsAndStockOptionsExercisesInPeriod
7667545 shares
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-468000000 usd
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
28571576 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
908077761 shares
CY2022Q4 oxy Warrants And Stock Options Exercises In Period
WarrantsAndStockOptionsExercisesInPeriod
86309 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
18108 shares
CY2022Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8323234 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
899858944 shares
CY2022 oxy Warrants And Stock Options Exercises In Period
WarrantsAndStockOptionsExercisesInPeriod
12246056 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
2843476 shares
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
49305288 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
899858944 shares
CY2022 oxy Proceeds From Warrant And Stock Option Exercises
ProceedsFromWarrantAndStockOptionExercises
280000000 usd
CY2022Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
47700000 shares
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3000000000 usd
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
198700000 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
149300000 shares
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
149100000 shares
CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
200000000 usd
CY2022Q2 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
200000000 usd
CY2022Q3 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
200000000 usd
CY2022Q4 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
200000000 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
100000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
100000 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
100000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000 shares
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
13304000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2790000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-13533000000 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1298000000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
13304000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
2322000000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-14831000000 usd
CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
800000000 usd
CY2021 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
800000000 usd
CY2020 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
844000000 usd
CY2022 oxy Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
12504000000 usd
CY2021 oxy Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
1522000000 usd
CY2020 oxy Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
-15675000000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
83000000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
10000000 usd
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12421000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1512000000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15675000000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
926200000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
935000000.0 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
918700000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.41
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-17.06
CY2022 oxy Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
12504000000 usd
CY2021 oxy Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
1522000000 usd
CY2020 oxy Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
-15675000000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2022 dei Auditor Name
AuditorName
KPMG LLP
CY2022 dei Auditor Location
AuditorLocation
Houston, TX
CY2022 dei Auditor Firm
AuditorFirmId
185

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