Oil and natural gas operations are the core of Occidental’s business.
Our exploration and production activities are concentrated in four geographic regions: the United States, the Middle East, Africa 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