Occidental Petroleum

Occidental Petroleum Corporation, often referred to as Oxy, is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia. The company is headquartered in Houston, Texas, and is one of the largest oil producers in the United States.

Sustainability

Occidental Petroleum has made several commitments towards sustainability and reducing its environmental impact. The company has published ESG (Environmental, Social, and Governance) reports detailing its efforts to reduce greenhouse gas emissions and improve energy efficiency. Occidental is also involved in carbon capture and storage (CCS) projects, aiming to mitigate the carbon footprint of its operations. However, as a major player in the fossil fuel industry, the company faces significant challenges in aligning with global sustainability goals.