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Occidental Petroleum Corporation operates in the energy sector as an integrated oil and gas company. Founded in 1920, the company is headquartered in the United States and is one of the largest oil and natural gas producers in the country.
Occidental’s core operations include:
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Exploration and production of crude oil and natural gas.
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Chemical manufacturing through its OxyChem segment.
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Carbon capture, utilization, and storage (CCUS) initiatives.
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Enhanced oil recovery and unconventional resource development.
The company’s production is primarily concentrated in the United States, including the Permian Basin, with additional international operations in select regions. Its chemical business produces key materials such as PVC and other industrial chemicals used across construction, manufacturing, and consumer markets.
Performance is influenced by global oil and gas prices, production volumes, capital expenditures, regulatory policies, and commodity market volatility. In recent years, Occidental has emphasized carbon management strategies, including large-scale carbon capture projects, as part of its long-term sustainability approach.
Occidental Petroleum shares trade on the New York Stock Exchange (NYSE) under the ticker OXY.
History and Development
Occidental was founded as an oil exploration company and expanded through asset acquisitions and technological development in upstream operations. Over time, it became a major domestic producer, strengthening its footprint in key U.S. basins.
During the late twentieth century, the company diversified into chemicals, building a vertically integrated model that combined energy production with industrial manufacturing.
In recent years, Occidental has focused on operational efficiency, balance sheet management, and expanding its carbon capture initiatives. Strategic acquisitions strengthened its position in U.S. shale production and increased scale in core regions.
Today, Occidental operates as an integrated energy and chemicals company with growing emphasis on carbon management technologies alongside traditional oil and gas production.
Additional Information
Occidental Petroleum Corp. (United States) is listed on the NYSE and has a market capitalization of $58.22 Billions, with shareholders equity totaling $39.56 Billions.
The company employs approximately 11.800 people and operates in the Energy sector, within the Oil & Gas Integrated industry.
Over the past 12 months, Occidental Petroleum Corp. reported $20.02 Billions in revenue, generating net income of $4.74 Billions.
Key financial metrics include a P/E ratio of 12.30, a price-to-book (P/B) ratio of 1.47, and a trailing twelve-month dividend yield of 1.67%.
The company trades under the ticker OXY.
