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Occidental Petroleum

Occidental Petroleum is a publicly listed company headquartered in the United States. Occidental is an upstream oil and gas producer and petrochemicals manufacturer. The company operates in the US, the Middle East and North Africa. Over 70% of its reserves are in the US and it is a leading producer in the Permian Basin. In 2021, its revenue was USD 36.6 billion and it employed nearly 12,000 people.

Summary

Occidental Petroleum ranks 85th overall and 42nd in the Extractives sector. It has fallen 13 places in its sector rank since 2019. Its best performance is on governance and policy commitments. It has an opportunity to improve its disclosure on embedding respect and human rights due diligence.

The company has established clear policy commitments to respect human rights, and allocated responsibility for overseeing human rights performance at board level.

The company has an opportunity to disclose how it embeds its human rights policies in its operations by assigning responsibility for the day-to-day management of human rights, training workers and business partners on human rights, and establishing and disclosing a due diligence process to identify, assess and mitigate its salient human rights risks.

Ranking position: #85 /110
Total score: 8.0 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 3.0 /10	#39
Embedding respect and human rights due diligence	#1 0.5 /25	#91
Remedies and grievance mechanisms	#1 2.5 /20	#81
Performance: Practices	#1 2.1 /25	#73
Performance: Responses	#1 0.0 /20	#100

Sector
Extractives	#42

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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