OCCIDENTAL PETROLEUM CORP

Occidental Petroleum Corporation (NYSE: OXY) is an international energy company engaged in oil and gas exploration, production, and midstream operations, with a strategic focus on low-carbon energy solutions. The company maintains a diversified portfolio of premier assets primarily located in the United States, the Middle East, and North Africa, positioning it among the largest oil and gas producers in the U.S. with leading positions in the Permian and Denver-Julesburg basins as well as offshore operations in the Gulf of America. Internationally, Occidental operates as the largest independent oil producer in Oman with significant assets in Algeria, Qatar, and the United Arab Emirates.

The company operates through two primary reportable segments: oil and gas operations and midstream and marketing operations. The oil and gas segment focuses on conventional and unconventional field development using primary, secondary, and tertiary recovery methods, with particular expertise in carbon dioxide separation, transportation, utilization, and storage for enhanced oil recovery. The midstream and marketing segment provides gathering, processing, transportation, and storage services while optimizing market access for the company's products and third-party participants. This segment also houses Oxy Low Carbon Ventures, which advances decarbonization technologies including direct air capture and carbon sequestration initiatives.

As of December 31, 2025, Occidental employed approximately 10,412 people across continuing operations, with workforce distribution spanning North America, the Middle East, Latin America, and other regions. The company's proved reserves totaled 4,603 million barrels of oil equivalent, comprising 2,162 million barrels of oil, 1,150 million barrels of natural gas liquids, and 7,745 billion cubic feet of natural gas.

In January 2026, Occidental completed the sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion, substantially refocusing the company on its core energy and low-carbon businesses. The company maintains its website at www.oxy.com, where investors can access financial reports and material information regarding operations and strategic initiatives.