Occidental Petroleum

Revenue declined +36.8% YoY to $23.16B. Net margin at 0.00% (expanding ▲). Return on equity 0.00%, ROA 0.00%, ROIC 0.00%.

• Revenue declined +36.8% YoY to $23.16B.
• Net margin at 0.00% (expanding ▲).
• Return on equity 0.00%, ROA 0.00%, ROIC 0.00%.
• Gross margin 0.00%, operating margin 0.00%.
• Free cash flow margin 28.55% ($6.61B).
• Debt/equity 0.38, current ratio 1.21, net debt $10.90B.
• Asset turnover 0.29 — capital efficiency.

Latest annual report (10-K) filed Feb 18, 2026. Latest quarterly report (10-Q) filed May 5, 2026. 24 recent 8-K material-event filings in the index.

• Latest annual report (10-K) filed Feb 18, 2026.
• Latest quarterly report (10-Q) filed May 5, 2026.
• 24 recent 8-K material-event filings in the index.
• Recent insider Form 4s: 0 buy vs 0 sell transactions.
• ~10,000+ recent 13F-HR filings reference Occidental Petroleum; broad institutional reporting.
• Recent filers include VitalStone Financial, LLC, Westchester Capital Management, LLC, Westchester Capital Management, LLC.
• 12 recent 13D activist/beneficial-ownership filings — potential catalyst.
• 8 recent 13G passive institutional ownership notices.

8 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. Revenue grew -36.8% but receivables grew -11.1% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.

• Receivables outpacing revenue: Accounts receivable grew -11.1% YoY vs revenue growth of -36.8%. The +25.6% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
• Inventory buildup exceeds sales growth: Inventory grew -13.2% vs revenue -36.8%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
• Earnings-cash flow divergence: Net income grew +115.7% while operating cash flow declined -26.8%. This divergence may indicate accrual-based earnings inflation — non-cash gains, aggressive revenue recognition, or working capital absorption. The accrual ratio (NI − OCF) is deteriorating.
• Free cash flow deteriorating: FCF declined +46.3% YoY (from $12.31B to $6.61B). With OCF at $12.31B and capex at $5.70B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
• NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
• Material weakness in internal controls: The term "material weakness" appears in 20 recent filing(s) (vs 3 in the prior period). This risk language is ongoing.
• Endogenous analysis: Revenue grew -36.8% but receivables grew -11.1% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
• Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
• Endogenous analysis: The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
• 5 new XBRL disclosure(s) in latest filing — expanding reporting scope.
• 20 disclosure(s) dropped from prior year — reduced reporting granularity.
• 3 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Restatement of financial statements.
• Ongoing high-severity risk language: Material weakness in internal controls.