Occidental Petroleum Corporation is an international oil and gas exploration and production company engaged in the acquisition, development and production of crude oil and natural gas properties. Its core operations span upstream exploration and production activities, with a particular focus on low‐cost, long‐lived assets in the United States, Middle East, Latin America and Africa. Occidental also leverages enhanced oil recovery (EOR) technology, utilizing carbon dioxide (CO₂) injection to improve recovery rates in mature fields.
In addition to upstream operations, Occidental operates OxyChem, a leading chemical manufacturer producing basic chemicals such as chlorine, caustic soda and vinyls. The company’s chemical segment serves a diverse range of end markets, including packaging, construction and automotive industries. Occidental’s vertically integrated business model allows it to capture value across the hydrocarbon chain—from resource extraction to refined products and specialty chemicals.
Over its century‐long history, Occidental has been at the forefront of carbon management and sustainable development. The company is a major player in carbon capture, utilization and storage (CCUS), with large‐scale projects designed to sequester CO₂ emissions and provide cost‐effective solutions for industrial customers. Occidental’s commitment to environmental stewardship complements its efforts to ensure reliable energy supplies and support global decarbonization goals.
Headquartered in Houston, Texas, Occidental Petroleum traces its roots to 1920. Under the leadership of President and CEO Vicki A. Hollub, the first woman to lead a major U.S. oil company, Occidental continues to pursue growth opportunities in key basins, enhance operational efficiency and advance technological innovation across its upstream and chemical businesses.
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