VICKI HOLLUB

Occidental Petroleum Corporation (OXY) is an American corporation involved in petrochemical manufacture in the United States, Canada, and Chile. The company is also engaged in hydrocarbon exploration in the United States and the Middle East. “For 100 years, Oxy has developed extensive assets, infrastructure, expertise, and technology to fuel progress and improve lives worldwide. Now we’re leveraging these resourcess to help solve the planet’s most pressing environmental challenges. We want to be part of the solution, so we’re taking bold steps to innovate new technologies for a low-carbon future,” explains Vicki Hollub, President and CEO. The company’s skilled teams, based in the U.S., the Middle East, Africa, and Latin America, are dedicated to producing goods and services that are safe and effective, as well as lowering the carbon footprint of the planet and encouraging others to do the same. Global production of responsible, dependable, and efficient energy is one of Oxy’s critical features. Building on a 100-year history of constant innovation and development, Oxy is developing new possibilities and efficiency. Oxy combines technological innovation with imaginative reservoir management and problem-solving for outcomes that set the industry’s standard. They’re all really safe and environmentally responsible. The Permian Basin, which stretches across western Texas and eastern New Mexico, is the country’s most active location for the extraction of hydrocarbons.

“Oxy is a leading producer in the U.S. Permian Basin, one of the most prolific oil basins in the world, where we operate some of the top-performing wells in the industry. With approximately 2.9 million net acres in Texas and New Mexico, our combined Permian Basin portfolio of conventional and unconventional acreage differentiates us from our competitors,” says Hollub. The enterprise does domestic onshore business in the Permian Basin and the Rockies. Utilizing cuttingedge subsurface characterization, technology, and strategic infrastructure investment, Oxy aims to maximize the potential of each field as part of its development plan. By utilizing cutting-edge subsurface characterization, technology, and strategic infrastructure investment, Oxy aims to optimize their development approach and maximize the value of each field. During oil and gas production, CO2 is injected into and permanently stored in reservoirs to boost productivity, profitability, and environmental sustainability in their operations. “We are the largest CO2 EOR operator in the Permian with more than 40 years of expertise in carbon management.

Up to 20 million tons of CO2 per year are underground stored by Oxy,” says the CEO. For billions of people worldwide, carefully creating and manufacturing essential chemicals is essential to Oxy contributes heavily to tackling these pressing needs, from ensuring access to clean water and promoting health through disinfectants and numerous medical products to enhancing food security and enabling vital technologies and building materials that promote economic growth and energy efficiency. “Our chlor-alkali products include chlorine, which is used to make water safe to drink and for many construction-related products and is also used as a necessary component of most pharmaceuticals. OxyChem’s vinyl products include polyvinyl chloride (PVC) resin used for water supply piping, a broad array of medical supplies, including IV bags and medical tubing, and long-lasting construction materials for direct air capture facilities. Our chlorinated organics portfolio includes 4CPe, an OxyChem-developed and patented product used in next-generation,” adds the CEO. Oxy is investing in partnerships, technology, and services and offering services and experience to support CCUS projects worldwide.