Themark Corporation E&P Company of the Year, Southwest 2015

Awarded to: Occidental Petroleum Corporation


Judges Comments

“Oxy have shown a commitment to maintain production amid low oil prices and their Permian EOR business units remain profitable. Enviable positions in the major plays in the region and growing considerably.”

“The standout candidate. A combination of solid, profitable operation around the $30 dollar price point in the Permian using EOR techniques and CO2 flooding business units; an acquisition of another 100,000 acres and numerous accolades already bestowed on the company for it’s corporate stewardship set OXY apart.”

Occidental Petroleum Corporation – Corporate Overview

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East region 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 in support of Occidental’s businesses. The company’s wholly owned subsidiary OxyChem manufactures and markets chlor-alkali products and vinyls. The Permian Basin of West Texas and southeast New Mexico is home to Occidental’s domestic core assets. In the Permian, Occidental is the largest operator and producer of oil as well as the largest injector of CO2. Occidental is a world leader in applying this enhanced oil recovery technology, operating more than two dozen active CO2floods in 2014. Occidental’s Resources business provides the key growth area in the Permian operations developing unconventional reservoirs across approximately 2.5 million net acres held at the end of 2014. Occidental is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of social responsibility throughout its worldwide operations.