As a respected global producer of oil and gas and chemicals, Oxy takes pride in stimulating economic opportunity and growth in the countries where we operate. We invest in people and facilities in a variety of ways, including by providing direct economic benefits through sourcing from local suppliers and contractors, offering competitive employee compensation and benefits, and paying substantial taxes and royalties to governments.
Oxy’s U.S. operations generate considerable economic value in their local communities. In 2011, for example, Oxy’s oil and gas and chemical segments provided a combined total of approximately $12.1 billion to U.S. communities in direct economic benefits.
Outside the United States, examples of our direct economic contributions in 2011 at Oxy’s significant areas of operation in the Middle East and Latin America included: