Occidental Petroleum Corporation, commonly known as Oxy, is a leading international oil and gas exploration and production company. Oxy has a diverse portfolio of assets that spans the globe. With operations in the United States, Latin America, Middle East, and Africa, Oxy's reach is expansive and its impact on the energy sector is significant. As of 2020, it stands as the largest oil producer in Texas and the largest natural gas producer and largest oil producer in the contiguous United States.
Oxy also extends to chemical manufacturing through its subsidiary, OxyChem. This subsidiary is a major North American chemical manufacturer with significant market positions in chlor-alkali products and vinyls. These products are used in a wide array of applications including water treatment, pharmaceuticals, and building materials.
The company's commitment to safe, sustainable operations is a fundamental aspect of the Oxy corporate description. They strive to make a positive impact on the communities where they operate through job creation, economic development, and environmental stewardship. Recognizing the urgency of climate change issues, Oxy has also been at the forefront of pioneering carbon capture technologies to reduce greenhouse gas emissions.