Occidental Petroleum Corporation is an energy company engaged in the exploration, development and production of oil and natural gas. Its operations are concentrated primarily in the United States, including the Permian and DJ basins, and it also has international activities in regions such as the Middle East and North Africa.
The company operates through oil and gas, chemical and midstream and marketing businesses. Its chemical segment, OxyChem, manufactures and markets chlor-alkali products, vinyls and other basic chemicals used in water treatment, construction, industrial manufacturing and consumer products. Occidental also provides midstream, marketing and transportation services related to its energy operations.
Occidental has expanded its lower-carbon activities through carbon capture, utilization and storage, including direct-air-capture initiatives, and through other efforts intended to reduce emissions from industrial and energy processes. The company significantly expanded its U.S. oil and gas portfolio through its acquisition of Anadarko Petroleum in 2019.
Occidental Petroleum is headquartered in Houston, Texas. Vicki Hollub serves as the company’s president and chief executive officer and has led Occidental since 2016.
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