• Occidental Petroleum average current ratio for 2023 was 0.98, a 12.5% increase from 2022.
• Occidental Petroleum average current ratio for 2022 was 1.12, a 7.44% decline from 2021.
• Occidental Petroleum average current ratio for 2021 was 1.21, a 17.48% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.