OXY Profile
Occidental Petroleum Corporation, headquartered in Houston, Texas, operates as a leading player in the global energy sector with a robust presence across the United States, the Middle East, Africa, and Latin America. Established in 1920, the company, together with its subsidiaries, focuses on the acquisition, exploration, and development of oil and gas properties.
Divided into three distinct segments, Occidental Petroleum's operations span the Oil and Gas segment, which involves the exploration, development, and production of oil, natural gas liquids (NGLs), and natural gas. The company leverages advanced technologies and strategic partnerships to maximize the efficiency and yield of its exploration activities across diverse geographical locations.
In addition to its core oil and gas operations, Occidental Petroleum maintains a Chemical segment that manufactures and markets a broad range of basic chemicals essential for various industrial applications. These include chlorine, caustic soda, vinyls, and potassium chemicals, reinforcing its commitment to sustainable and innovative chemical solutions.
Further bolstering its integrated business model, Occidental Petroleum's Midstream and Marketing segment plays a pivotal role in gathering, processing, transporting, and marketing oil, condensate, NGLs, natural gas, and carbon dioxide. The segment's comprehensive capabilities also encompass trading activities and strategic investments in transportation and storage infrastructure, ensuring operational flexibility and market responsiveness. As a stalwart in the energy industry, Occidental Petroleum Corporation continues to pioneer advancements in energy production and chemical manufacturing, driving sustainable growth and delivering value to stakeholders worldwide.
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