Occidental Petroleum Corporation, commonly known as Occidental, is an American multinational energy company. It was founded in 1920 and is headquartered in Houston, Texas. Occidental is primarily engaged in the exploration, production, and marketing of oil and gas. The company operates globally, with operations in the United States, Latin America, the Middle East, and Africa.
Occidental has a long and rich history in the energy industry. It was initially founded as Occidental Oil and Gas Corporation by a group of petroleum industry pioneers, including Armand Hammer. Over the years, the company has grown through mergers and acquisitions, expanding its reach and diversifying its operations.
The company has a diversified portfolio of assets, including exploration and production activities in various oil and gas basins around the world. Occidental utilizes advanced technologies and innovative approaches to extract hydrocarbons efficiently and responsibly.
Occidental is listed on the New York Stock Exchange (NYSE) under the ticker symbol "OXY." The company is also a component of various stock market indices, including the S&P 500 Index. Its shares are traded actively on the exchange, providing investors with an opportunity to participate in the energy sector.
In recent years, Occidental has been focused on optimizing its portfolio, reducing costs, and enhancing its financial performance. The company has also been investing in research and development to advance technologies and practices that promote environmental sustainability and operational efficiency.