Description

Occidental Petroleum Corporation (Oxy) is an international energy firm specializing in the acquisition, exploration, and development of oil and gas reserves. Its operations span across the United States, the Middle East, Africa, and Latin America. The company's diverse activities are structured into three key business segments. Its Oil and Gas segment is responsible for the discovery, advancement, and extraction of crude oil, natural gas liquids (NGLs), and natural gas. The Chemical division manufactures and commercializes a broad spectrum of fundamental chemicals, encompassing chlorine, caustic soda, various chlorinated organics, potassium compounds, and a variety of vinyl products like polyvinyl chloride. The Midstream and Marketing segment handles the gathering, processing, transportation, storage, procurement, and commercialization of commodities such as oil, condensate, NGLs, natural gas, carbon dioxide, and electrical power. This segment also engages in trading activities by leveraging its extensive transportation and storage assets, alongside making strategic investments in related ventures. Founded in 1920, Occidental Petroleum Corporation maintains its corporate headquarters in Houston, Texas.