- CEO
- Richard A. Jackson
- Full Time Employees
- 10,412
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Houston TX United States of America
- IPO Date
- Dec 30, 2025
- Business
- Occidental Petroleum Corporation is an energy company that explores for, develops and produces oil and gas properties in the United States and internationally, with operations spanning oil and gas, midstream and marketing, and carbon management businesses; it is headquartered in Houston, Texas, and was founded in 1920. The company’s core offerings include crude oil, natural gas, natural gas liquids and condensates; oil and gas field development and production services; gathering, treating, processing, transportation, storage, marketing and trading of crude oil, natural gas, NGLs, condensates, carbon dioxide and power; and carbon capture and storage solutions through its 1PointFive subsidiary and related direct air capture initiatives. Occidental also holds interests in select international projects, including the Dolphin Energy Project in Qatar and midstream operations in the United Arab Emirates, while its portfolio has historically included chemicals through OxyChem. In recent strategic moves, Occidental completed the sale of its OxyChem chemical business to Berkshire Hathaway for $9.7 billion in cash on January 2, 2026, following an October 2025 agreement, and has continued to streamline non-core assets, including divesting certain Permian Basin royalty, mineral and processing interests in 2026. The company has also expanded its low-carbon platform through its joint venture with BlackRock to develop STRATOS, the world’s largest direct air capture project, and has pursued further portfolio optimization and basin expansion after the CrownRock acquisition, while adding and reshaping midstream and upstream positions through asset sales and select investments.