Occidental Petroleum Corporation (NYSE: OXY) — Company Overview, News & Financial Data
Occidental Petroleum Corporation is an international energy company engaged in crude oil and natural gas exploration and production, midstream logistics, power generation, chemical manufacturing, and carbon management.
Occidental Petroleum Corporation
Occidental Petroleum Corporation is an international energy company engaged in crude oil and natural gas exploration and production, midstream logistics, power generation, chemical manufacturing, and carbon management. Operating primarily in the United States, the Middle East, and North Africa, the company explores for, develops, and produces hydrocarbons from conventional and unconventional reservoirs, including major assets in the Permian Basin, DJ Basin, and Gulf of Mexico. Through its chemical division, it produces essential basic chemicals, vinyls, and alkali products. Additionally, the company advances direct air capture and carbon capture, utilization, and storage infrastructure to support global emissions reduction.
Snapshot
Operations
Products and/or services of Occidental Petroleum Corporation
- Oil & Gas Unconventional Asset Development: Exploration, development, and production of crude oil, natural gas liquids, and natural gas from unconventional onshore shale plays, primarily concentrated across the Permian Basin of West Texas and New Mexico and the Denver-Julesburg Basin.
- Enhanced Oil Recovery & Conventional Operations: Large-scale carbon dioxide tertiary recovery operations in the Permian Basin alongside conventional onshore and deepwater offshore oil and gas production assets located across North America, North Africa, and the Middle East.
- Chemical Manufacturing: Production and global commercialization of essential basic chemicals, vinyls, and alkali products, including chlorine, caustic soda, polyvinyl chloride resins, sodium silicates, chlorinated organics, and calcium chloride for industrial, manufacturing, and municipal water treatment applications.
- Midstream Logistics & Marketing: Gathering, processing, transportation, storage, and marketing of crude oil, natural gas, liquids, and power, utilizing integrated pipeline connections, gas processing facilities, supply terminals, and third-party transport channels to optimize energy delivery and regional market margins.
- Carbon Capture & Sequestration Infrastructure: Commercial development and deployment of direct air capture facilities and regional carbon sequestration hubs designed to capture atmospheric CO2 for permanent geological storage and the manufacturing of lower-carbon fuels and chemical feedstocks.
- Power Generation & Field Energy Systems: Operation of gas-fired cogeneration power plants and field-scale solar photovoltaic installations that generate reliable electric power and steam to support upstream oil production, enhanced oil recovery, and regional industrial manufacturing facilities.