Occidental Petroleum
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| Public company | |
| Traded as | |
| Industry | Oil and gas industry |
| Founded | June 1920 |
| Headquarters | 5 Greenway Plaza, Suite 110 Houston, Texas, 77046 |
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Key people
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Vicki A. Hollub (CEO) |
| Products | Oil, natural gas, petrochemicals |
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Production output
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630 thousand barrels of oil equivalent (3,900,000 GJ) per day (2016) |
| Revenue |
 US$10.090 billion (2016) |
 -US$0.574 billion (2016) |
|
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-US$1.002 billion (2016) |
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| Total assets |
US$43.109 billion (2016) |
| Total equity |
US$21.497 billion (2016) |
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Number of employees
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11,100, 7,100 of which are in the United States (2015) |
| Website | www |
Occidental Petroleum Corporation (Oxy) is a multinational oil and gas exploration and production company with operations in the United States, the Middle East, and Latin America. Headquartered in Houston, Texas, it is one of the largest US oil and gas companies based on 2015 year-end market capitalization. Often abbreviated as "Oxy", in reference to its ticker symbol, the company is ranked on the Forbes Global 2000 and Fortune 500 list. In 2015, it was the 16th largest gas producer and 3rd largest oil producer in Texas.
Occidental's oil and gas operations are concentrated in three geographic areas: the United States, Latin America, and the Middle East.
As of December 31, 2016, Occidental had 2.406 billion barrels of oil equivalent (1.472×1010 GJ) of oil equivalent net proved reserves, of which 56% was petroleum, 17% was natural gas liquids, and 27% was natural gas.
In 2016, the company had production of 630 thousand barrels of oil equivalent (3,900,000 GJ) per day.
In 2016, Occidental's United States operations produced 302 thousand barrels of oil equivalent (1,850,000 GJ) per day, representing 48% of the company's worldwide production. This includes approximately 269 thousand barrels of oil equivalent (1,650,000 GJ) barrels of oil equivalent per day in the Permian Basin, where Occidental is the largest operator and oil producer, and 33 thousand barrels of oil equivalent (200,000 GJ) per day of production in its mid-continent operations in Colorado and South Texas. The 269,000 barrels of oil equivalent per day in the Permian Basin includes 124,000 barrels of oil equivalent per day from "unconventional" resources through Permian Resources and 145,000 barrels of oil equivalent per day using a technique called enhanced oil recovery (EOR). EOR technology used in the Permian includes water flooding and carbon dioxide flooding, whereby carbon dioxide is injected into underground formations to extract the oil and gas.
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Wikipedia