Discontinued — last reported Q3 '24
Business Segments · Impairment and related charges
Midstream and marketing — Impairment and related charges
Occidental Petroleum Midstream and marketing — Impairment and related charges decreased by 38.2% to $21.00M in Q3 2024 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2015
Last reportedQ3 2024
How to read this metric
An increase in impairment charges signals a deterioration in the economic viability of the segment's assets or unfavorable shifts in market demand.
Detailed definition
This metric represents non-cash charges recognized when the carrying value of assets within the midstream and marketing...
Peer comparison
Standard accounting practice across capital-intensive industries; peers often report these during periods of commodity price volatility.
Metric ID:
oxy_segment_midstream_and_marketing_impairment_and_related_chargesHistorical Data
2 periods
| Q3 '23 | Q3 '24 | |
|---|---|---|
| Value | $34.00M | $21.00M |
| QoQ Change | — | -38.2% |
| YoY Change | — | -38.2% |
Range$21.00M – $34.00M
Avg YoY Growth-38.2%
Median YoY Growth-38.2%
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Frequently Asked Questions
- What is Occidental Petroleum's midstream and marketing — impairment and related charges?
- Occidental Petroleum (OXY) reported midstream and marketing — impairment and related charges of $21.00M in Q3 2024.
- What does midstream and marketing — impairment and related charges mean?
- The reduction in the recorded value of assets within the midstream and marketing segment due to declining market value.