Occidental Petroleum Corporation OXY

Company Overview

Occidental Petroleum Corporation (OXY) is a U.S.-based energy company primarily engaged in the exploration and production of oil and natural gas, with additional operations in chemicals, midstream infrastructure, and low-carbon technologies. The company operates across the upstream, midstream, and downstream portions of the energy value chain, with revenue primarily driven by hydrocarbon production and commodity sales. OXY serves global energy markets, supplying crude oil, natural gas, natural gas liquids, and chemical products to industrial, commercial, and utility customers.

Founded in 1920, OXY evolved from a regional oil producer into a diversified international energy company through decades of organic development and acquisitions. A defining milestone was the 2019 acquisition of Anadarko Petroleum Corporation, which significantly expanded OXY’s asset base, particularly in U.S. shale plays. The company positions itself as a low-cost operator with a strong focus on operational efficiency, carbon management, and long-term asset development, distinguishing itself through early investments in carbon capture and sequestration technologies.