Occidental Petroleum Corporation Overview
Pro stress-test →Occidental Petroleum Corporation is an international US company engaged in the exploration and production of oil and gas. As of February 2026 Occidental Petroleum's TTM revenue is of $26.60 Billion USD, making it a major integrated energy producer with operations spanning the United States and Middle East.
Strategic Profile
Pro stress-test →The company is engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. In December, the company acquired a Permian producer, CrownRock, for $12 billion. The acquisition was completed in August 2024. In October 2025, Occidental sold its subsidiary, OxyChem, to Berkshire Hathaway—which owns 28% of Occidental's stock—for $9.7 billion. Occidental said it would use $6.5 billion to lower debt.
Competitive Landscape
Pro stress-test →Occidental Petroleum has been growing earnings at an average annual rate of 37.6%, while the Oil and Gas industry saw earnings growing at 23.7% annually. The company competes with major integrated oil & gas producers including ExxonMobil, Chevron, ConocoPhillips, and other independents in upstream exploration and production, while competing in basic chemicals through its (recently divested) chemical operations.
Industry Context
Occidental Petroleum Corporation operates in Oil & Gas Exploration and Production / Energy.
Key facts
Founded: 1920 · Headquarters: Houston, Texas · Revenue: $26.6B · Market cap: $60-65B