• Occidental Petroleum average debt/equity ratio for 2023 was 0.65, a 18.75% decline from 2022.
• Occidental Petroleum average debt/equity ratio for 2022 was 0.8, a 54.02% decline from 2021.
• Occidental Petroleum average debt/equity ratio for 2021 was 1.74, a 8.07% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.