OCCIDENTAL PETROLEUM CORP /DE/

Corporate Details

ISIN(s):

US6745991058 (+1 more)

LEI:

Country:

United States of America

Address:

5 GREENWAY PLAZA, 77046 HOUSTON

Website:

https://www.oxy.com/

Sector:

Manufacturing

Industry:

Manufacture of basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber in primary forms

Description

Occidental Petroleum Corporation is an international energy company engaged in hydrocarbon exploration and production, alongside a significant chemical manufacturing division, OxyChem. The company's operations are structured across three segments: Oil and Gas, which leverages its long-standing expertise in carbon dioxide enhanced oil recovery (EOR); Chemical, which produces essential products for water purification, pharmaceuticals, and construction; and Carbon Innovation. This third segment represents the company's strategic focus on a lower-carbon future, centered on developing and deploying large-scale carbon capture, utilization, and storage (CCUS) technologies. A key initiative is the development of Direct Air Capture (DAC) facilities, positioning the company to provide decarbonization services to various industries while advancing its net-zero ambitions.