Occidental Petroleum Corporation is an international energy company with operations in the United States, the Middle East, and North Africa. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil (including condensate), NGL, and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports, and stores oil, NGL, natural gas, CO2, and power. It also invests in low-carbon technologies and carbon management projects. Occidental's competitive advantages include its expertise in enhanced oil recovery (EOR) using CO2, its large-scale operations in the Permian Basin, and its focus on low-carbon technologies.

• Employees: 12,570 (as of December 31, 2023)
• Geographic Footprint: United States, Middle East, and North Africa
• Headquarters: Houston, Texas
• Founded: 1986
• Number of locations/facilities: 21 domestic chemical manufacturing sites, 2 international chemical manufacturing sites, 10 offshore platforms in the Gulf of Mexico, and numerous gas processing and pipeline facilities
• Revenue: $28.3 billion (FY2023)
• Market Capitalization: $51.7 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: OxyChem, 1PointFive, WES, DEL

• CEO: Vicki Hollub
• CFO: Sunil Mathew
• Chief Accounting Officer: Christopher O. Champion
• Board Chair: Not explicitly stated in the 10K

Vicki Hollub has served as CEO since April 2016. Sunil Mathew has served as CFO since August 2023. Christopher O. Champion has served as Chief Accounting Officer since August 2019.

• Annual Revenue: $28.3 billion (FY2023)
• Net Income: $3.8 billion (FY2023)
• Market Cap: $51.7 billion (as of June 30, 2023)
• Total Assets: $74.0 billion (as of December 31, 2023)
• Employees: 12,570 (as of December 31, 2023)
• Key Financial Highlights: Occidental's financial results are closely correlated to commodity prices, particularly oil. The company focuses on operational efficiencies and capital discipline.

• Oil and Gas: Exploration, development, and production of oil, NGL, and natural gas.
• Chemicals: Manufacturing and marketing of basic chemicals and vinyls, including chlorine, caustic soda, chlorinated organics, potassium chemicals, sodium silicates, calcium chloride, VCM, PVC, and ethylene.
• Midstream and Marketing: Gathering, processing, transportation, storage, and marketing of oil, NGL, natural gas, CO2, and power. Development of carbon management and storage solutions.

• Oil and Gas: Explores for, develops, and produces oil, NGL, and natural gas. Revenue: $21.3 billion (FY2023).
• Chemical: Manufactures and markets basic chemicals and vinyls. Revenue: $5.3 billion (FY2023).
• Midstream and Marketing: Purchases, markets, gathers, processes, transports, and stores oil, NGL, natural gas, CO2, and power. Revenue: $2.6 billion (FY2023).

Occidental's strategy focuses on delivering shareholder value through a combination of a sustainable dividend, enhancing its asset base, advancing low-carbon technologies, reducing financial leverage, and strengthening its U.S. onshore portfolio. Key initiatives include developing CCUS projects, commercializing DAC technology, and expanding its presence in the Permian Basin. The company aims to achieve net-zero emissions from its operations by 2040 and from its total carbon inventory by 2050. Occidental is also focused on operational excellence and capital efficiency.

• Primary Industry: Oil and gas exploration and production, chemical manufacturing, and midstream energy services.
• Market Trends: Volatile commodity prices, increasing focus on low-carbon technologies, and evolving regulatory landscape.
• Key Competitors: Numerous domestic and international public, private, and government producers of oil, NGL, and natural gas. OxyChem competes with other domestic and international chemical producers. OLCV faces a broad range of competitors in low-carbon markets.
• Market Share: Occidental is a major producer in the Permian Basin, with a significant market position in the chemical industry. Specific market share data is not explicitly stated in the 10K.

• Market Risks: Volatility in commodity prices, competition from other producers, and changes in demand for oil, NGL, and natural gas.
• Operational Risks: Potential for catastrophic events, cyber-related risks, and challenges in developing new technologies.
• Financial Risks: High levels of indebtedness, potential for downgrades in credit ratings, and fluctuations in interest rates.
• Regulatory Risks: Changes in environmental regulations, tax laws, and government policies, including those related to climate change, and restrictions on access to federal lands.