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Occidental

Contacts

Occidental Oil & Gas International LLC
International Tower
Al Karamah St
Abu Dhabi
United Arab Emirates

Tel: +971 2 691 7200

Occidental Oil and Gas Corporation
5 Greenway Plaza, Suite 110
Houston, Texas 77046-0521
USA

Tel: (713) 215-7000

Description

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental's midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. Occidental's wholly owned subsidiary, OxyChem, is a major North American chemical manufacturer.

Production

Excluding Colombia, which was sold in December, total average daily production for the fourth quarter of 2020 was 1,143 thousand of barrels of oil equivalent per day (Mboed), which exceeded the midpoint of guidance by 13 Mboed. Permian Resources exceeded the high end of guidance with production of 382 Mboed and all other domestic operations came in near the high end of guidance with production of 518 Mboed. International average daily production volumes were 243 Mboed.

Capex

Occidental confirmed a $2.9 billion capital budget to sustain 2021 production in line with the fourth quarter of 2020, while lowering base decline to 22 percent.

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Related news

Occidental Announces 4th Quarter 2023 Results
15/02/2024
Occidental to Acquire CrownRock
11/12/2023
Occidental and BlackRock Form Joint Venture
08/11/2023
Occidental to Acquire Direct Air Capture Technology Innovator Carbon Engineering
16/08/2023
1PointFive Secures Grant to Develop South Texas Direct Air Capture Hub
14/08/2023
Occidental and ADNOC to Evaluate Carbon Management Projects in the USA and UAE
01/08/2023
Occidental Announces 1st Quarter 2023 Results
10/05/2023
Occidental Announces 4th Quarter 2022 Results
28/02/2023
Claire O'Neill Elected to Occidental Board of Directors
21/01/2023
Occidental Announces 3rd Quarter 2022 Results
09/11/2022
Oxy Low Carbon Ventures Enter into CO2 Sequestration Agreement
28/10/2022
Occidental Announces 2nd Quarter 2022 Results
03/08/2022
Eni signs a new contract on blocks 404-208, Algeria
19/07/2022
Occidental Announces 1st Quarter 2022 Results
11/05/2022
Oxy Low Carbon Ventures and Weyerhaeuser carbon capture agreement
28/03/2022
Occidental, SK Trading International sign first agreement for net-zero oil
22/03/2022
Occidental Announces 3rd Quarter 2021 Results
05/11/2021

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