About Occidental Petroleum
Occidental Petroleum Corporation, known as Oxy, operates in the energy sector with a focus on oil and gas extraction, production, and sales across the United States, Middle East, Africa, and Latin America. The company utilizes advanced technology to improve efficiency and aims to be a low-cost operator. Oxy is dedicated to sustainability, with goals to achieve net zero emissions from its operations by 2040 and from the use of its products by 2050. It serves a wide range of clients, including industrial, commercial, and governmental entities. Oxy stands out from competitors by emphasizing environmental, social, and governance (ESG) practices and integrating renewable energy sources, such as its solar facility in the Permian Basin, into its operations. The company's goal is to balance profitability with environmental responsibility while continuously investing in technologies that lower costs and reduce environmental impact.