Occidental Petroleum (Occidental Petroleum) Interest Expense : $-945.00 Mil (TTM As of Dec. 2023)

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What is Occidental Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Occidental Petroleum's interest expense for the three months ended in Dec. 2023 was $ -247.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-945.00 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Occidental Petroleum's Operating Income for the three months ended in Dec. 2023 was $ 1,332.00 Mil. Occidental Petroleum's Interest Expense for the three months ended in Dec. 2023 was $ -247.00 Mil. Occidental Petroleum's Interest Coverage for the quarter that ended in Dec. 2023 was 5.39. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Occidental Petroleum Interest Expense Historical Data

The historical data trend for Occidental Petroleum's Interest Expense 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 Interest Expense Chart

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,066.00

-1,424.00

-1,614.00

-1,030.00

-945.00

Occidental Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-260.00	-238.00	-230.00	-230.00	-247.00

Occidental Petroleum Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense 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 $-945.00 Mil.

Occidental Petroleum (NYSE:OXY.WS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Occidental Petroleum's Interest Expense for the three months ended in Dec. 2023 was $-247.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,332.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $19,263.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1332	/	-247
	=	5.39

The higher the ratio, the stronger the company's financial strength is.

Occidental Petroleum (Occidental Petroleum) Business Description

Industry

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

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.