At Oxy, sustainability is fundamental to our success and reputation as the employer, neighbor and Partner of Choice.^®

We are dedicated to safeguarding our employees, benefitting neighboring communities, strengthening regional economies and advancing innovative solutions to global energy and environmental challenges. Our employees drive our vision to serve as an innovative and sustainable leader in the effort to accelerate the successful transition to a low-carbon world.

We have a safety culture that seeks continuous improvement in safety performance. We foster constructive engagement with neighbors, non-profit organizations and communities throughout our operations.

Oxy continually evaluates ways that we can integrate sustainability throughout our operations, improve our sustainability programs and performance and transparently share our progress with stakeholders.

Strategy

Oxy is progressing its vision as an innovative and sustainable energy leader with industry-leading initiatives and investments to enable a low-carbon future. As part of our pursuit of sustainability in all facets of our business, Oxy strives to diligently identify and address our key environmental, social and governance (ESG) risks and opportunities. We integrate ESG criteria into our strategic planning and investment decision-making process and perform routine risk assessments to support readiness for emerging challenges and opportunities.

We use a variety of methods and metrics, such as priority topics assessments and value chain impact mapping, to discern and assess important sustainability issues raised by internal and external stakeholders. This process informs our sustainability strategy and programs and helps us to improve transparency and report on the issues that matter most to our stakeholders.

Engagements in recent years have resulted in enhancements to Oxy’s sustainability programs and reporting such as:

• The content of our climate and sustainability reports.
• Matters related to corporate governance, including the adoption of proxy access and the amendments to our charter to, among other things, facilitate shareholders’ ability to act by written consent and call special meetings.
• The executive compensation program, including the design of the short-term incentive program.

Oxy seeks to meet our sustainability and environmental goals through the development and commercialization of technologies that lower both GHG emissions from industrial processes and existing atmospheric concentrations of CO₂. Oxy believes that carbon removal technologies, including Direct Air Capture (DAC) and Carbon Capture, Utilization and Storage (CCUS), can, given the necessary incentives for their development and deployment, provide essential CO₂ reductions to assist the world’s transition to a less carbon-intensive economy.

Oxy strives to implement sustainable business practices across all of our business units. We value input from our stakeholders and use their feedback to refine our sustainability strategy.