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Occidental Chemical plant in Kansas. Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile.
A pure play on the Permian. Occidental Petroleum is one of the largest producers in the Permian Basin, where it controls about 2.8 million net acres of land. It recently strengthened its position ...
Occidental Petroleum produced $977 million, or $1 per share, of adjusted net income during the third quarter. Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results Skip to ...
Permian: Texas/New Mexico 1920 4.2 2 Eagle Ford Shale: Texas 2008 1.34 3 Bakken: North Dakota/Montana 1951 1.33 4 Prudhoe Bay Oil Field: Alaska 1967 .791 5 Wattenberg Gas Field: Colorado 1970 .473 6 Shenzi Federal Gulf of Mexico 2002 .353 7 Kuparuk River oil field: Alaska 1969 .295 8 Midway-Sunset Oil Field: California 1901 .288 9 Atlantis Oil ...
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May 10—The Occidental Petroleum Co.'s first quarter highlights included the first-of-its-kind deployment of a fully electric well service rig in the Permian Basin. Oxy President-CEO Vicki Hollub ...
In 1952, he moved to Texas, where he borrowed $1,000 to buy five trucks that could carry crude oil from wells in the Permian Basin to distant refineries. By the 1960s, this investment had grown into the Permian Corporation, a multimillion-dollar business and the world's largest independent petroleum transport company, with 1,100 employees, a tractor-trailer fleet of 550 vehicles and a strong ...