Occidental Petroleum Corporation

Occidental Petroleum Corporation, founded in 1920, is one of the largest oil and gas exploration and production companies in the United States. It is engaged in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. Occidental’s primary operations are divided into three segments: Oil and Gas, Chemical, and Midstream and Marketing.

The Oil and Gas segment searches for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets a wide variety of products, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride. The Midstream and Marketing segment transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades transportation and storage capacity, and invests in related entities.

Occidental’s market capitalization is currently at $17 billion, and it is one of the largest publicly traded oil and gas companies in the United States. Occidental has a long track record of profitable operations and has consistently paid out dividends since 1984, making it an attractive option for long-term investors. The company’s long-term goal is to become a global leader in the oil and gas industry. To meet this goal, it is expanding its operations into new countries and investing in research and development to find new ways to improve its efficiency. As of 2020, Occidental has operations in 32 countries and employs over 13,000 people around the world.