Occidental Petroleum Corporation is one of the largest U.S. oil and gas companies, based on equity market capitalization.
Occidental's success is built on technical expertise, business acumen, strong partnerships and proven ability to deliver superior results. We continually invest in the company and our employees, proactively innovate to improve processes and results, and strive to meet the highest standards of integrity and safety in the workplace.
Balancing near-term profitability with long-term growth, we strategically pursue new opportunities in our core areas — primarily in the United States, but also in the Middle East region and Latin America. We focus on large, long-lived, conventional and unconventional oil and gas assets where we can increase production by applying appropriate technology and advanced reservoir management practices.
Our business strategy is designed to enhance value for Occidental, our partners and our stockholders. In 2013, following a strategic review, we began taking steps to streamline and focus operations where we have depth and scale, in order to reshape Occidental into a somewhat smaller company with a more concentrated set of assets. We believe this will contribute to greater overall profitability and enhanced shareholder value over the long term.
We are committed to conducting our business in a manner that safeguards our employees, protects the environment, benefits neighboring communities and strengthens regional economies. We take particular pride in Occidental’s safety record, which is exemplary not only in the oil and gas and chemicals industries, but compared to any industry sector. Our goal is to be the partner, employer and neighbor of choice, everywhere we operate.
All of this is made possible by our talented global workforce of more than 40,000 employees and contractors, who enable us to operate effectively in highly diverse cultural environments. As a company, we work hard to ensure that Occidental consistently merits the confidence of its investors, partners and other stakeholders around the world.
Stephen I. Chazen
President and Chief Executive Officer