Occidental Petroleum (Occidental Petroleum) Change In Inventory : $-91.00 Mil (TTM As of Dec. 2023)

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What is Occidental Petroleum Change In Inventory?

Occidental Petroleum's change in inventory for the quarter that ended in Dec. 2023 was $-47.00 Mil. It means Occidental Petroleum's inventory increased by $47.00 Mil from Sep. 2023 to Dec. 2023 .

Occidental Petroleum's change in inventory for the fiscal year that ended in Dec. 2023 was $-91.00 Mil. It means Occidental Petroleum's inventory increased by $91.00 Mil from Dec. 2022 to Dec. 2023 .

Occidental Petroleum's Total Inventories for the quarter that ended in Dec. 2023 was $2,022.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Occidental Petroleum's Days Inventory for the quarter that ended in Dec. 2023 was 38.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Occidental Petroleum's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.38.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Occidental Petroleum's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Occidental Petroleum Change In Inventory Historical Data

The historical data trend for Occidental Petroleum's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Occidental Petroleum Change In Inventory Chart

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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78.00

-484.00

-86.00

-230.00

-91.00

Occidental Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-134.00	-248.00	173.00	31.00	-47.00

Occidental Petroleum Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-91.00 Mil.

Occidental Petroleum (NYSE:OXY.WS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Occidental Petroleum's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1998.5	/	4758	*	365 / 4
	=	38.33

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Occidental Petroleum's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4758	/	1998.5
	=	2.38

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Occidental Petroleum's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1998.5	/	7172
	=	0.28

Occidental Petroleum Change In Inventory Related Terms

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Occidental Petroleum (Occidental Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Occidental Petroleum Corp (NYSE:OXY.WS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

OXY:USA OXY1:Mexico OXY_KZ:Kazakhstan 1OXY:Italy OPC:Germany OPC:Germany OPC:Germany OPC:Germany OXYP34:Brazil

Address

5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046

Website

https://www.oxy.com

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2022, the company reported net proved reserves of 3.8 billion barrels of oil equivalent. Net production averaged 1,159 thousand barrels of oil equivalent per day in 2022 at a ratio of 75% oil and natural gas liquids and 25% natural gas.