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Occidental Petroleum Corporation (OXY)


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 Profile

Occidental Petroleum Corporation (OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy acquired significant experience with shale production following the 1998 acquisition of Elk Hills Field in Kern County, California. This prolific oilfield contains a number of shale zones — porous rock that contains hydrocarbons but has little permeability. In North Dakota Oxy’s assets are oil producing and prospective unconventional properties in the Williston Basin, including acreage in the Bakken and Three Forks formations. California shale reservoirs contain abundant siltstones like the Bakken shale in North Dakota and Montana and the Eagle Ford shale in South Texas.

 Products/Services overview

OXY engages in oil and natural gas exploration and production in three core regions: the United States, Middle East/North Africa and Latin America. OXY is a worldwide leader in applying advanced technology to boost production from mature oil and natural gas fields and access hard-to-reach reserves. OXY’s Midstream, Marketing and Other segment gathers, treats, processes, transports, stores, purchases and markets crude oil (including NGLs and condensate), natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including pipeline and storage capacity, and trades commodities and securities.

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 Associated Articles

Occidental Announces Continued Progress on Divestment Program
Occidental to Announce First Quarter Results Monday, May 10, 2021
Oxy Low Carbon Ventures Awarded Consulting Services Contract
Occidental Announces Sale of its Onshore Assets in Colombia
Occidental Announces Sale of Wyoming, Colorado, and Utah Assets for $1.33B
more articles »
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