About Occidental Petroleum Corp.
Occidental Petroleum Corporation is an oil and gas exploration and production company that develops crude oil, natural gas, and natural gas liquids (NGL) assets in the United States, the Middle East, and North Africa. Its US operations are concentrated in the Permian Basin of Texas and New Mexico, the DJ Basin in Colorado, and the Gulf of America (formerly the Gulf of Mexico). Internationally, it operates in Oman, the United Arab Emirates, Qatar, and Algeria. A midstream and marketing segment gathers, processes, transports, stores, and sells the company’s own production and third-party volumes. Through its Low Carbon Ventures unit and its 1PointFive subsidiary, the company also develops direct air capture, carbon capture, and CO₂ sequestration projects, and uses captured CO₂ for enhanced oil recovery. In January 2026 it sold its OxyChem chemicals business, leaving its portfolio focused on upstream energy, midstream, and low-carbon activities. Founded in 1920, the company is headquartered in Houston, Texas, United States