Economic Contributions

Occidental takes pride in stimulating economic opportunity and growth in the countries where it operates. Sourcing from local suppliers and contractors, offering competitive employee compensation and benefits, producing oil and gas on behalf of host governments, paying substantial taxes and royalties, and investing in valuable social programs all contribute to the development of sustainable economies. For example, in 2015, Occidental contributed approximately $12.5 billion to the U.S. economy through salaries, payments to businesses for goods and services, taxes, and financial returns to investors. Occidental paid nearly $2 billion in worldwide taxes, including income, production, property and payroll taxes at key operating locations in the U.S., Oman, Qatar and Colombia. During 2015 Occidental did not receive any significant financial assistance from government.

A select number of Occidental's economic contributions are reported separately in the following sections on our website: Compensation and Benefits, Local Purchasing, Social Investments and Charitable Contributions.