Occidental Petroleum

Occidental Petroleum Corporation, commonly known as Oxy, is a leading energy company with operations spanning the United States, Middle East, Africa, and Latin America. The company focuses on being a low-cost operator while applying advanced technology to enhance operational efficiency. Oxy is committed to sustainability, aiming to achieve net zero emissions from its operations by 2040 and from the use of its products by 2050. The company serves a diverse range of clients, including industrial, commercial, and governmental entities, primarily in the oil and gas sector. Oxy operates in a highly competitive market, where it differentiates itself through its commitment to environmental, social, and governance (ESG) metrics and its innovative use of renewable energy sources, such as its solar facility in the Permian Basin. The business model revolves around the extraction, production, and sale of oil and gas, with additional revenue streams from carbon management and renewable energy initiatives. Oxy makes money by selling its energy products and services to a global client base, while continuously investing in technologies that reduce operational costs and environmental impact.

Keywords: energy, oil, gas, sustainability, technology, carbon management, net zero, renewable energy, ESG, global operations