Occidental Petroleum Corporation, oil and natural gas exploration and production
Occidental Petroleum Corporation (NYSE: OXY), headquartered in Los Angeles, California, is one of the world's largest independent oil and natural gas exploration and production companies and a major North American chemical manufacturer. Since 1997, a series of acquisitions, sales and asset swaps has significantly increased the size of Occidental Petroleum oil and gas operations. As a result, Occidental Petroleum has been transformed into a highly focused oil and gas company with large, long-lived assets concentrated in the United States, the Middle East and Latin America. Occidental Petroleum also are an industry leader in developing and utilizing enhanced oil recovery (EOR) techniques to effectively and profitably recover oil and gas from maturing properties. (Occidental Oil and Gas Corporation). Occidental ranks first in the oil and gas industry based on profitability per barrel.
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