energy efficiency

Occidental tracks energy efficiency through an intensity index that uses revenue as a normalizing factor. Performance of the index, relative to the 1995 baseline year (where the index is set to a value of 1.0), shows that efforts focused on improving energy efficiency have yielded an eight-percent improvement since 1996.

Energy use per pound of production in OxyChem has decreased by more than 40 percent since 1995, as investments have been made to conserve energy and implement cogeneration projects. At oil and gas operations, energy demand per barrel of oil produced generally increases over time as more intensive reservoir production procedures, such as water flooding and carbon dioxide injection, are instituted to recover greater amounts of oil and gas from existing fields.

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