Occidental Petroleum (US:OXY-WT) — Company Overview, News & Financial Data
Occidental Petroleum explores and produces oil and natural gas, focusing on carbon capture technology to combat climate change.
Occidental Petroleum
Occidental Petroleum (NYSE:OXY) is a multinational energy company focused on exploring for and producing oil and natural gas. With operations in the United States, Middle East, and North Africa, Occidental Petroleum is dedicated to safely and responsibly extracting and supplying energy resources that fuel progress and improve lives. The company is deeply involved in carbon capture, utilization, and storage (CCUS) projects, aligning with its objective to reduce greenhouse gas emissions and combat climate change. Through its subsidiary, Oxy Low Carbon Ventures, Occidental Petroleum is pioneering technologies and business strategies aimed at producing net-zero carbon oil and advancing direct air capture technology. Its strategic endeavors encompass enhancing operational efficiency, expanding its asset portfolio, and investing in low-carbon initiatives to drive sustainable growth and shareholder value.
Snapshot
Operations
Products and/or services of Occidental Petroleum
- Exploration and extraction of oil and gas worldwide caters the global energy needs.
- Production of essential chemicals such as chlorine and caustic soda serves various industries.
- Carbon management services aim to capture and decrease CO2 emissions.
- Midstream and marketing operations ensure efficient delivery of products to markets.
- Designs and executes oil and gas drilling programs, contributing to energy sector.
- Invests in low-carbon transition initiatives such as carbon capture technology to combat climate change.