Oxy's Commitment To Sustainable Energy And Innovation
Occidental Petroleum Corporation (Oxy) stands at the forefront of sustainable energy production, combining decades of industry expertise with cutting-edge technology to meet the world's growing energy needs while addressing environmental concerns. As a global leader in oil and natural gas exploration and production, Oxy has established itself as a company that not only provides essential energy resources but also pioneers innovative solutions for reducing emissions and enhancing operational efficiency across its vast network of operations.
Our Mission: Producing Energy to Sustain and Improve Life
Oxy produces energy to sustain and improve life on our planet through responsible resource development and management. With operations spanning the United States, the Middle East, and North Africa, the company leverages its extensive experience to deliver reliable energy solutions that power homes, businesses, and industries worldwide. The company's commitment extends beyond mere production; it encompasses a holistic approach to energy that considers environmental stewardship, community development, and technological advancement.
Our experienced teams, located in the United States, the Middle East and North Africa, are committed to safe and efficient operations and environmental responsibility. These professionals bring together diverse expertise in geology, engineering, environmental science, and business management to ensure that every aspect of our operations meets the highest standards of safety and efficiency. The company's global presence allows it to adapt to local conditions while maintaining consistent operational excellence across all regions.
Advancing Environmental Responsibility
We're forging new pathways to reduce emissions across our oil and gas operations while providing products and services to help others do the same. This commitment to environmental stewardship is evident in Oxy's comprehensive approach to sustainability, which includes investing in carbon capture technologies, implementing methane reduction strategies, and developing renewable energy projects. The company recognizes that addressing climate change requires both immediate action and long-term planning, which is why it has set ambitious targets for reducing greenhouse gas emissions while continuing to meet global energy demand.
Oxy's environmental initiatives extend beyond its own operations. The company actively collaborates with industry partners, academic institutions, and government agencies to develop and implement best practices for environmental protection. This includes sharing knowledge about emissions reduction technologies, participating in industry working groups, and supporting research into new environmental solutions. By taking this collaborative approach, Oxy helps drive industry-wide improvements in environmental performance.
Enhanced Oil Recovery Leadership
Oxy is the Permian's leader in enhanced oil recovery (EOR), a technology that has revolutionized the oil and gas industry. Through advanced techniques that improve oil extraction efficiency, Oxy has been able to maximize resource recovery while minimizing environmental impact. The company's expertise in EOR has made it a preferred partner for other operators seeking to optimize their production operations.
In these operations, CO₂ is injected and permanently stored in oil and gas reservoirs during production to improve efficiency, economics and environmental outcomes. This innovative approach not only increases oil recovery rates but also provides a solution for carbon dioxide management. By capturing and utilizing CO₂ that would otherwise be released into the atmosphere, Oxy's EOR operations contribute to both energy security and climate change mitigation. The company's extensive experience in CO₂ management has positioned it as a leader in developing carbon capture, utilization, and storage (CCUS) technologies.
With 50+ years of experience, Oxy is the industry leader in applying carbon dioxide for enhanced oil recovery (CO₂ EOR) in the Permian Basin and among the largest globally. This long-standing expertise has allowed the company to refine its techniques and develop proprietary technologies that maximize the benefits of CO₂ injection. Oxy's Permian operations serve as a model for how traditional oil and gas companies can adapt to meet the challenges of the energy transition while continuing to provide essential energy resources.
Corporate Developments and Strategic Initiatives
Houston — January 2, 2026 — Occidental (NYSE: OXY) announced today it has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway (NYSE: BRK.A, BRK.B) for $9.7 billion in cash. This strategic transaction represents a significant milestone in Oxy's ongoing efforts to optimize its portfolio and focus on its core strengths in oil and gas production. The sale of OxyChem allows the company to concentrate resources on its primary operations while maintaining its commitment to innovation and growth in the energy sector.
This corporate restructuring demonstrates Oxy's adaptability in an evolving energy landscape. By streamlining its operations and focusing on its core competencies, the company is better positioned to invest in sustainable technologies and pursue opportunities that align with its long-term strategic objectives. The transaction also provides Oxy with additional financial flexibility to support its environmental initiatives and technological development programs.
Employment and Recruitment
All Oxy job postings and offers will require a completed application through our company website. This standardized approach to recruitment ensures transparency and fairness in the hiring process while allowing the company to efficiently manage its talent acquisition efforts. Prospective employees can explore career opportunities across various disciplines, including engineering, geoscience, environmental management, and business operations.
Oxy does not charge a fee at any stage of the recruiting process. This policy reflects the company's commitment to ethical business practices and ensures that all candidates have equal access to employment opportunities regardless of their financial circumstances. The company's recruitment process is designed to identify talented individuals who share its values of safety, environmental responsibility, and operational excellence.
News and Information
News: Your resource for company news and information. View our news releases, sign up for company news email alerts and learn more about Oxy through our publications and videos. The company maintains an active presence in media and communications to keep stakeholders informed about its operations, achievements, and future plans. Through regular updates and transparent reporting, Oxy demonstrates its commitment to accountability and stakeholder engagement.
The company's news platform serves as a comprehensive resource for investors, employees, customers, and community members seeking information about Oxy's activities and performance. From quarterly financial results to updates on environmental initiatives, the news section provides timely and relevant information about all aspects of the company's operations.
Conclusion
Occidental Petroleum Corporation continues to evolve as a leader in the global energy industry, balancing the need for reliable energy production with environmental responsibility and technological innovation. Through its commitment to sustainable practices, enhanced oil recovery leadership, and strategic corporate initiatives, Oxy demonstrates how traditional energy companies can adapt to meet the challenges of the 21st century.
The company's comprehensive approach to operations, from environmental stewardship to employee recruitment and stakeholder communication, reflects its understanding that success in the modern energy landscape requires more than just resource extraction. By focusing on innovation, sustainability, and operational excellence, Oxy positions itself to continue providing essential energy resources while contributing to a more sustainable future for all.
