Occidental Petroleum Corp (NYSE: OXY) is an oil and gas company that explores for, develops, and produces crude oil, natural gas, and natural gas liquids. Revenue is generated primarily through the sale of hydrocarbons from its oil and gas operations, with additional contributions from midstream and marketing operations. OXY is incorporated in Delaware and operates as a large-scale upstream producer with midstream assets and a carbon capture, utilization and storage (CCUS) business. The company acquired CrownRock, L.P. (the CrownRock Acquisition) and has a relationship with Berkshire Hathaway Inc., a related party that holds stock warrants with a $59.59 strike price issued August 8, 2019. OXY also has a joint venture with BlackRock Inc. on the construction of STRATOS, its CCUS project. Common Stock Warrants trade on the NYSE under the symbol OXY.WS with a $22.00 strike price. The filing covers the fiscal year ended as reported in the 10-K filed February 18, 2026 (accession 0001628280-26-009059).

Revenue model

Transactional revenue from the sale of crude oil, natural gas, and natural gas liquids produced from upstream operations, supplemented by midstream and marketing segment revenue.

Products and services

Crude oil, natural gas, natural gas liquids; midstream gathering and marketing services; carbon capture, utilization and storage (CCUS) technology including the STRATOS project.

Customers and end markets

End markets include purchasers of crude oil, natural gas, and natural gas liquids across commodity markets. Specific customer identities and concentration data are not supported by the filing excerpts provided.

Value-chain role

Upstream oil and gas exploration and production; midstream gathering and marketing; CCUS infrastructure development and operation.

Geographic exposure

Geographic segment detail is not supported by the filing excerpts provided. Operations reference Ecuador (Andes Petroleum Ecuador Ltd.) and domestic U.S. assets including those acquired through CrownRock.

Source: SEC 10-K, filed 2026-02-18

Industry: Crude Petroleum & Natural Gas Peers: Chevron Corp Exxon Mobil Corp Unit Corp