Occidental Petroleum Corporation - Introduction

Introduction

10889 Wilshire Boulevard
Los Angeles, California 90024
U.S.A.
Telephone: (310) 208-8800
Toll Free: (800) 622-9231
Fax: (310) 443-6694
Web site: http://www.oxy.com

Public Company
Incorporated: 1920
Employees: 7,209
Sales: $11.36 billion (2004)
Stock Exchanges: New York
Ticker Symbol: OXY
NAIC: 211111 Crude Petroleum and Natural Gas Extraction; 324110 Petroleum Refineries; 325181 Alkalies and Chlorine Manufacturing; 325998 All Other Miscellaneous Chemical Product Manufacturing; 551112 Offices of Other Holding Companies

Occidental Petroleum Corporation, an oil and gas and chemicals company, conducts its business through two major subsidiaries, Occidental Oil and Gas Corporation and Occidental Chemical Corporation. Occidental Oil and Gas, representing the larger of the two business segments, operates in the United States, the Middle East, and Latin America. Domestically, the company ranks as the largest natural gas producer in California and the largest oil producer in Texas. Overseas assets in oil and gas are located in Oman, Qatar, Yemen, Columbia, Ecuador, Russia, and Pakistan. Occidental Chemical manufactures vinyls, chlorine, and caustic soda, relying on 24 manufacturing sites in the United States, two facilities in Canada, and one plant in Chile. Occidental, the governing entity for the oil and gas and chemical operations, derives roughly $7.5 billion in annual sales from its oil and gas interests and $3.6 billion from its chemicals business.