OXY - Occidental Petroleum Corp /de/
Company Overview
Name
Occidental Petroleum Corp /de/
Tickers
OXY, OXY-WT
Exchanges
NYSE
Employees
12570
Founded
1986
Sector Information
Other Information
CIK
797468
Category
Large accelerated filer
Company summary
1-Line Summary
Occidental Petroleum is an integrated energy company focused on oil and gas exploration, chemicals, and advancing carbon management technologies.
Occidental Petroleum Corporation is a diversified energy company primarily engaged in the exploration, production, and marketing of oil and gas. The company's operations are organized into three main segments: oil and gas, chemicals, and midstream and marketing. In the oil and gas segment, Occidental explores for and produces various hydrocarbons, including oil, natural gas, and natural gas liquids (NGL). The chemicals segment focuses on the manufacturing and marketing of basic chemicals and vinyls, while the midstream and marketing segment handles the purchase and transport of oil and gas, optimizing transportation and storage operations as well as developing carbon capture technologies.
In addition to its traditional energy operations, Occidental is advancing its low-carbon initiatives through its subsidiary OLCV, which centers on carbon management and the commercialization of direct air capture (DAC) technologies. The company aims to leverage its expertise in carbon management to spearhead CCUS projects and partner with industries to reduce greenhouse gas emissions. With a commitment to operational safety, employee engagement, and community support, Occidental is positioning itself to adapt to the rapidly changing energy landscape and regulatory environment.
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