
Occidental Petroleum Corporation, commonly referred to as Occidental or Oxy, is a leading multinational energy company headquartered in Houston, Texas, USA. Founded in 1920, the company operates in the oil and gas exploration and production sector, with additional interests in chemical manufacturing through its subsidiary, OxyChem. Occidental's mission is to deliver sustainable energy solutions while maximizing shareholder value, emphasizing operational excellence, environmental stewardship, and community engagement.
With over 10,000 employees worldwide, Occidental holds a strong market position as one of the largest oil producers in the United States and a significant player in the Middle East and Latin America. In recent years, the company has made notable strides in carbon capture, utilization, and storage (CCUS) technologies, aiming to reduce greenhouse gas emissions and transition toward a lower-carbon future. A significant achievement was its acquisition of Anadarko Petroleum in 2019, which expanded its asset base and production capabilities. Occidental continues to be recognized for its innovation in energy production and commitment to sustainability.
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