Themark Corporation E&P Company of the Year, Texas 2016

Awarded to: Occidental Petroleum Corporation

Judges Comments

“Now one of the biggest if not the biggest operators in the Permian, also have one of the best reputations, their entry highlighted some amazing statistics.”

“Well know leaders in EOR, which has never been so important as it is in the current market. It makes you wonder how other operators would perform if they had access to the same R&D.”

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 and Latin America. Headquartered in Houston, Occidental is the third-largest U.S. oil and gas company, based on equity market capitalization.

Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. The company’s wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls.

The Permian Basin of West Texas and southeast New Mexico is home to Occidental’s domestic core assets. Occidental, with nearly 5.4 million gross developed and undeveloped acres in the Permian Basin, is the largest operator and producer of oil as well as the largest injector of carbon dioxide (CO2). Occidental is an industry leader in applying CO2 enhanced oil recovery technology with 31 active floods and 40 years of experience.

Occidental’s Permian Resources business represents a key growth engine for the company and is focused on developing and producing unconventional shale plays using horizontal drilling techniques.