Occidental Petroleum Corporation OXY
Occidental Petroleum Corporation (OXY) is a global energy company primarily engaged in the exploration, development, and production of oil and natural gas. The company operates across three main business segments: Oil and Gas, Chemical, and Midstream and Marketing. Its Oil and Gas segment focuses on hydrocarbon extraction in key regions including the United States (Permian Basin, Gulf of America, DJ Basin, Powder River Basin), the Middle East, and Latin America. The Chemical segment, operated through OxyChem, manufactures essential chemicals such as chlorine, caustic soda, ethylene, vinyl chloride monomer (VCM), and polyvinyl chloride (PVC), which are used in a wide range of industrial and consumer applications. The Midstream and Marketing segment handles gathering, processing, transportation, and marketing of oil, natural gas, and carbon dioxide, including investments in pipelines, gas plants, and power generation facilities. Occidental serves a diverse customer base including industrial manufacturers, utilities, and energy markets worldwide, with a business model centered on integrated operations from resource extraction to product delivery and a growing focus on carbon capture, utilization, and storage (CCUS) initiatives.
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