Occidental Petroleum Corporation (OOG) is an energy company founded in 1920 that operates oil and gas assets primarily across the United States, the Middle East, and North Africa. The company has evolved from traditional hydrocarbon production into a broader energy enterprise incorporating lower-carbon technologies and carbon management solutions.
The company's portfolio spans conventional oil and gas operations alongside emerging energy technologies. OOG is developing the STRATOS Direct Air Capture facility in the Permian Basin, designed to be among the world's largest installations of its kind. The company also operates the Goldsmith Solar Plant to power field operations and offers products and services aimed at reducing emissions across oil and gas operations.
OOG's technical capabilities extend across carbon capture, Direct Air Capture technology, solar power generation, energy infrastructure, and emissions reduction. The company positions itself as a leader in carbon management and pursues what it describes as lower-carbon technology development alongside its traditional energy business.
