Occidental Petroleum, headquartered in Houston, Texas, explores and produces oil and natural gas, employing 12,570 people and operating in the Permian, DJ basins, and Gulf of Mexico. The company has three segments: oil and gas, chemicals, and midstream and marketing.
OXY has been in the news recently: Occidental Petroleum may be affected by the recent surge in oil prices, which rose over 5% due to tensions in the Middle East following U.S. and Israeli military actions against Iran. Analysts predict that, amid escalating conflicts, Brent crude prices could reach $120 per barrel, impacting global oil supply dynamics.
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