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Occidental Petroleum

Occidental Petroleum is a publicly listed integrated company headquartered in USA. In 2020, it had USD 17.93 billion in revenue and a reported 14,400 employees*. Occidental has oil and gas assets in the USA, Oman, United Arab Emirates, Qatar and Colombia. The company is rolling out carbon capture technologies to facilitate ongoing fossil fuel use.

Ranking position
#43/100
Total score
6.9/100
Performance score
2.9/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

19.3 /100 #16

Material Investment

20.4 /100 #8

Intangible Investment

0.0 /100 #20

Sold products

8.8 /100 #17

Management

47.4 /100 #25

Supplier Engagement

7.5 /100 #43

Client Engagement

8.8 /100 #31

Policy Engagement

10.0 /100 #69

Business Model

0.0 /100 #52

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Occidental receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Although Occidental has set emissions reduction targets, these are not aligned with the rate of change required by the company’s 1.5°C pathway. The focal point of Occidental’s net-zero strategy is carbon capture, use and storage (CCUS) technologies, which the company is undertaking through its subsidiary Occidental Low Carbon Ventures (OLCV). OLCV has several partnerships underway, but without clear expansion and investment plans, promotion strategies or deployment schedules, it remains difficult to determine whether the company will achieve its net-zero commitments through these ventures.

Progress towards the Paris Agreement

More about the company

Headquarters
Houston, Texas, Houston, Texas, United States of America
Group revenue
USD 17.93 billion
Ownership structure
Publicly listed
Number of employees
14,400
Scope of activity
Fully integrated
Website
https://www.oxy.com