Oxy

Occidental Petroleum Corporation (Oxy), founded in 1920 and headquartered in Houston, Texas, is a global leader in the energy sector, with a strong focus on hydrocarbon exploration, petrochemical manufacturing, and innovative carbon management solutions. Operating across the United States, the Middle East, and North Africa, Oxy is one of the largest oil and gas producers in the U.S., particularly in the Permian and DJ basins, and a key player in the offshore Gulf of Mexico.

Commitment to Operational Excellence

Oxy is recognized as a best-in-class, low-cost operator, leveraging advanced technology to enhance operational efficiency. Its extensive portfolio includes approximately 2.8 million net acres in the Permian Basin, where it leads in Enhanced Oil Recovery (EOR) by utilizing CO2 injection to improve production while permanently storing carbon underground. The innovative Aventine logistics-and-maintenance hub in New Mexico has revolutionized operations by reducing truck traffic by nearly 13 million miles, boosting efficiency and sustainability.

Pioneering Sustainability and Net-Zero Goals

Oxy is at the forefront of the energy transition, with a bold commitment to achieving net-zero carbon emissions and supporting others in doing the same. Through its Oxy Low Carbon Ventures subsidiary, the company is advancing cutting-edge technologies such as carbon capture, utilization, and storage (CCUS) and direct air capture. Oxy was the first U.S. oil and gas company to endorse the World Economic Forum’s Stakeholder Capitalism Metrics and has set ambitious emissions reduction targets aligned with a 1.5°C benchmark, as recognized by the Transition Pathway Initiative in 2021.

Additionally, OxyChem, Occidental’s chemical subsidiary, is a leading North American manufacturer of essential products like chlorine, caustic soda, and PVC, contributing to life-enhancing applications such as clean drinking water and medical supplies. OxyChem’s focus on low-cost production and sustainability has positioned it as a top-tier producer in the U.S.

Empowering Communities and Workforce

Oxy’s commitment to social responsibility is evident in its diverse, inclusive, and global workforce of over 13,000 employees from more than 75 nations. The company fosters a culture of Diversity, Inclusion, and Belonging (DIB), encouraging innovation and collaboration across its operations. Oxy’s community engagement initiatives focus on public health, education, food security, and environmental stewardship, with partnerships like Feeding America and the Barbara Bush Houston Literacy Foundation making a tangible impact.

Driving Economic Value

With a market capitalization of approximately $43 billion as of July 2025, Oxy continues to deliver sustainable shareholder value through operational excellence and capital discipline. The company’s midstream and marketing segment optimizes the value of its oil and gas assets, ensuring flow assurance and access to global markets. Oxy’s strategic acquisitions, such as the $1.1 billion purchase of a carbon capture technology supplier, underscore its forward-thinking approach to growth and decarbonization.

Looking Ahead

Occidental Petroleum is not just an energy company; it is a pioneer in sustainable innovation, community development, and operational excellence. With a century-long legacy and a forward-looking vision, Oxy is poised to lead the energy sector toward a lower-carbon future while delivering reliable energy and essential products that enhance lives worldwide.