Oil and Gas

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 and Latin America. In each of these regions, we focus on long-lived 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. 

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

  • Improved and enhanced recovery techniques that 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

  • Strategic acquisitions near established producing locations further expand our position in our three core geographic regions

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HIGHLIGHTS

Largest operator, largest producer of oil and a leading acreage holder with nearly 5.4 million gross acres in the Permian Basin in West Texas and southeast New Mexico

Largest injector of CO2 for enhanced oil recovery in the Permian and one of the leaders globally

Participates in the trans-border 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