Oxy

Occidental Petroleum Corporation (Oxy) is a global energy company with a focus on oil and gas exploration, production, and marketing. Headquartered in Houston, Texas, Oxy is one of the largest independent oil and gas producers in the United States, with operations spanning North America, the Middle East, and Latin America. Founded in 1920, the company has built a legacy of innovation and operational excellence in the energy sector.

Core Operations

Oxy’s operations are divided into three primary segments: Oil and Gas, Chemical, and Midstream and Marketing. The company specializes in enhanced oil recovery (EOR) techniques, such as carbon dioxide (CO2) flooding, to maximize production from mature fields. Its key assets include significant holdings in the Permian Basin, one of the most prolific oil and gas regions in the world.

Commitment to Sustainability

Oxy is a leader in carbon management, leveraging its expertise in CO2 to advance carbon capture, utilization, and storage (CCUS) technologies. Through its subsidiary, Oxy Low Carbon Ventures, the company is developing solutions to reduce greenhouse gas emissions and support a transition to a lower-carbon future.

Global Presence

With operations in the United States, Oman, the United Arab Emirates, and Colombia, Oxy maintains a diverse portfolio of high-quality assets. Its strategic international partnerships and investments ensure a stable and scalable production base to meet global energy demands.

Innovation and Technology

Oxy invests heavily in cutting-edge technologies to optimize production and improve efficiency. From advanced seismic imaging to digital transformation initiatives, the company drives innovation to enhance resource recovery and operational performance.

Corporate Responsibility

Oxy is committed to responsible operations, prioritizing safety, environmental stewardship, and community engagement. The company supports local economies through job creation and community development programs, while maintaining rigorous standards for environmental protection and workplace safety.

Financial Performance

As a publicly traded company (NYSE: OXY), Occidental consistently delivers value to its shareholders through disciplined capital allocation and operational efficiency. Its diversified portfolio and strategic acquisitions, such as the 2019 purchase of Anadarko Petroleum, strengthen its position in the global energy market.

Vision and Values

Oxy’s vision is to provide energy and essential products while advancing a sustainable future. Guided by values of integrity, innovation, and performance, the company strives to balance profitability with environmental and social responsibility.