Occidental Petroleum Corporation
Occidental Petroleum Corporation, oil and natural gas exploration and production
Occidental Petroleum Corporation (NYSE: OXY), headquartered in Los Angeles, California, is one of the world's largest independent oil and natural gas exploration and production companies and a major North American chemical manufacturer. Since 1997, a series of acquisitions, sales and asset swaps has significantly increased the size of Occidental Petroleum oil and gas operations. As a result, Occidental Petroleum has been transformed into a highly focused oil and gas company with large, long-lived assets concentrated in the United States, the Middle East and Latin America. Occidental Petroleum also are an industry leader in developing and utilizing enhanced oil recovery (EOR) techniques to effectively and profitably recover oil and gas from maturing properties. (Occidental Oil and Gas Corporation). Occidental ranks first in the oil and gas industry based on profitability per barrel.
Oxy recently announced a significant discovery of oil and gas reserves in Kern County, California, believed to be the largest oil and gas discovery in the state in more than 35 years. Oxy is the No. 1 natural gas producer and third-largest oil producer in California, where the company has 1.1 million net mineral fee and leasehold acres. Our California operations include interests in Elk Hills and other fields in the San Joaquin Basin, interests in the Wilmington field in Long Beach and other interests in the Ventura and Sacramento basins. Oxy’s California proved reserves were 708 million BOE at year-end 2008, representing approximately 24 percent of the company’s total worldwide reserves.
Occidental Petroleum Corporation
10889 Wilshire Blvd.
90024-4201, Los Angeles
USA
www.oxy.com
Contact:
Phone: (+131) 02 08 88 00
