Location Houston, Texas, United States Regions Greater Houston Area, Southern US Gender Male
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Occidental Petroleum Corporation's success is built on strong partnerships, technical expertise, business acumen and a proven ability to deliver superior results. We continually invest in the company and our employees, proactively innovate to improve processes and results, and strive to meet the highest standards of integrity and safety in the
workplace.
We are primarily a domestic oil producer. Our core U.S. operations are in the Permian Basin, where we have significant acreage and are the leading producer. Internationally, we are regarded as a premier partner in world-class projects in our focus areas of Oman, Qatar and the United Arab Emirates (UAE) in the Middle East, as well as Colombia. We also have midstream and chemical businesses. This portfolio of assets provides robust free cash flow that requires modest capital investment, complemented by our high-growth unconventional operations in the Permian Basin.
Our business strategy is designed to enhance value for Occidental, our partners and our stockholders. As part of our strategic review in 2013, we completed several transactions last year, further concentrating our resources in areas where we have key competitive advantages. The most significant of which was the spin-off of our California assets as California Resources Corporation, which began trading on the New York Stock Exchange as a standalone company in December. In November, we monetized our joint venture interests in the BridgeTex pipeline for $1.1 billion and generated $1.7 billion in pre-tax proceeds by reducing our ownership through a secondary sale in Plains GP Holdings, L.P. Earlier in the year, we sold our Hugoton assets in the midcontinent region, receiving pre-tax proceeds of $1.3 billion.
We are committed to conducting our business in a manner that safeguards our employees, protects the environment, benefits neighboring communities and strengthens regional economies. We take particular pride in Occidental’s safety record, which is exemplary not only in the oil and gas and chemicals industries, but compared to any industry sector. Our goal is to be a Partner of Choice, everywhere we operate.
