Flash player not installed.

Our Businesses
Oil and Gas
Overview
United States
Middle East Region
Latin America
Technology
Exploration
Doing Business with Us
Midstream and Marketing
Chemicals
Overview 

Oil and natural gas operations are the core of Occidental’s business.

Our exploration and production activities are concentrated in three geographic regions: the United States, the Middle East region and Latin America. In each of these regions, we focus on long-lived,  conventional and unconventional oil and gas assets where we can increase production by applying appropriate technology and advanced reservoir management practices.

Occidental strives to manage production costs effectively and to achieve exemplary safety and environmental performance. We invest only in projects that meet the company’s stringent financial criteria and complement existing assets. Reflecting both the effectiveness of this strategy and the quality of our assets, Occidental is among the industry’s most profitable producers.

Occidental increases its proved oil and natural gas reserves in three primary ways:

  • Strategic acquisitions near established producing locations further expand our position in our three core geographic regions
  • Improved recovery and enhanced recovery techniques extend the life of mature oil and gas fields and help to extract some of the hardest-to-recover reserves 
  • Exploration in targeted areas reveals previously untapped oil and gas reservoirs
 
HIGHLIGHTS

Largest operator and largest producer of oil in the Permian Basin in West Texas and southeast New Mexico
California's largest natural gas producer and largest oil and gas producer on a gross-operated barrels of oil equivalent basis

Participates in the transborder Dolphin Gas Project, one of the largest energy initiatives ever undertaken in the Middle East
Largest independent oil producer in Oman and the No. 2 oil producer offshore Qatar