OXY - Occidental Petroleum Corporation
Company summary
1-Line Summary
Occidental Petroleum is an integrated energy company focused on oil and gas exploration, chemicals, and advancing carbon management technologies.
Occidental Petroleum Corporation is a diversified energy company primarily engaged in the exploration, production, and marketing of oil and gas. The company's operations are organized into three main segments: oil and gas, chemicals, and midstream and marketing. In the oil and gas segment, Occidental explores for and produces various hydrocarbons, including oil, natural gas, and natural gas liquids (NGL). The chemicals segment focuses on the manufacturing and marketing of basic chemicals and vinyls, while the midstream and marketing segment handles the purchase and transport of oil and gas, optimizing transportation and storage operations as well as developing carbon capture technologies.
In addition to its traditional energy operations, Occidental is advancing its low-carbon initiatives through its subsidiary OLCV, which centers on carbon management and the commercialization of direct air capture (DAC) technologies. The company aims to leverage its expertise in carbon management to spearhead CCUS projects and partner with industries to reduce greenhouse gas emissions. With a commitment to operational safety, employee engagement, and community support, Occidental is positioning itself to adapt to the rapidly changing energy landscape and regulatory environment.
Current investing thesis
Automaticly searches the internet using AI for the current investing thesis for Occidental Petroleum Corporation (OXY) and summarizes it. Only available for paid users.
Disclaimer
NovusValue.com is not a broker or dealer, and none of its content represents recommendations to buy or sell securities. Information provided on the site is not intended as investment advice. Novus Value is not liable for damages from using its content, including investment losses. Past performance does not indicate future results, and information is not guaranteed for accuracy or completeness.