OXY 📈 Occidental Petroleum - Overview

Occidental Petroleum Corporation is a multinational energy company that operates a diverse portfolio of assets across the United States, the Middle East, and North Africa. Through its subsidiaries, the company engages in the acquisition, exploration, and development of oil and gas properties, leveraging its expertise to identify and capitalize on new opportunities. With a history dating back to 1920, Occidental Petroleum has established itself as a major player in the energy industry, with a strong presence in the global market.

The company's operations are organized into three primary segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment is responsible for the exploration, development, and production of oil and condensate, natural gas liquids, and natural gas. This segment is critical to the company's overall strategy, as it provides the foundation for Occidental Petroleum's integrated business model. The company's Oil and Gas segment has a significant presence in the United States, with operations in key basins such as the Permian and DJ Basins.

In addition to its Oil and Gas segment, Occidental Petroleum also operates a Chemical segment that manufactures and markets a range of basic chemicals, including chlorine, caustic soda, and chlorinated organics. The company's chemical products are used in a variety of applications, from water treatment and paper manufacturing to pharmaceuticals and construction materials. The Chemical segment also produces vinyls, such as vinyl chloride monomer and polyvinyl chloride, which are used in the production of PVC pipes, vinyl records, and other products.

The Midstream and Marketing segment is responsible for the gathering, processing, transportation, storage, and marketing of oil, condensate, natural gas liquids, and natural gas. This segment also invests in entities that support the company's midstream operations, such as pipelines and storage facilities. Occidental Petroleum's Midstream and Marketing segment plays a critical role in the company's ability to deliver its products to customers around the world, and it has established a strong network of infrastructure and logistics capabilities to support its operations.

As a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol OXY, Occidental Petroleum Corporation is committed to creating value for its shareholders. With a strong balance sheet and a proven track record of operational excellence, the company is well-positioned to navigate the complexities of the global energy market and capitalize on new opportunities as they arise. Headquartered in Houston, Texas, Occidental Petroleum Corporation can be found online at https://www.oxy.com, and its common stock is classified under the GICS Sub Industry: Integrated Oil & Gas, with the ISIN code US6745991058.