OCCIDENTAL PETROLEUM CORP /DE/

Energy and chemical firm producing hydrocarbons while developing large-scale carbon capture services.

OXY | NYSE

Overview

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.

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Insider Transactions

Date	Insider Name	Position	Type	Shares	Value
No insider transactions recorded for this company.

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