Occidental Petroleum Corporation (OXY)

Profile

https://www.oxy.com

Occidental Petroleum Corporation is a large independent energy company focused on the acquisition, exploration, and development of oil and natural gas resources. Through its core Oil and Gas segment, the company produces crude oil, natural gas liquids, and natural gas from key basins such as the Permian, the Rockies, the Gulf of Mexico, and international assets. Occidental Petroleum also operates a Midstream and Marketing segment that gathers, processes, transports, stores, and markets hydrocarbons and related products, supporting efficient delivery from the wellhead to end markets. Historically, the business has included a significant chemicals operation manufacturing basic chemicals and vinyls, though recent strategic actions have emphasized streamlining toward core energy activities and balance sheet strengthening. Founded in 1920 and headquartered in Houston, Occidental Petroleum plays a notable role in global oil and gas supply, with a scale that positions it as an important participant in upstream development, midstream logistics, and energy market stability.