Occidental Petroleum

Oil, gas and chemical company.

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10889 Wilshire Boulevard
Los Angeles, CA 90024
Employees: 40,000
CEO: Stephen Chazen
Stock Symbol: OXY

Website: http://www.oxy.com

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Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on market capitalization.

The company has over 40,000 employees and contractors on four continents.

IIn the United States, Oxy is the largest oil producer in Texas and the largest natural gas producer in California, with additional operations in Kansas, Oklahoma and New Mexico.

In the Middle East - North Africa, Oxy has assets in Libya, Oman, Qatar, Yemen and is a partner in the transborder Dolphin Project supplying natural gas from Qatar to markets in the United Arab Emirates.

Latin American operations include producing assets in Colombia and Argentina .

Occidental Chemical (OxyChem) manufactures vinyls and specialty chemical products in addition to chlorine and caustic soda - the building blocks for products such as pharmaceuticals, water disinfectants, detergents and others. OxyChem has manufacturing sites in the U.S., Canada and Latin America and has headquarters in Dallas, TX.

Occidental reported revenues in 2011 of $23.9 billion and record net income of $6.77 billion.

Steven Chazen, President and CEO of Occidental said, “Our domestic fourth quarter oil and gas production of 449,000 barrels of oil equivalent per day was the highest in Occidental’s history, breaking the previous record achieved last quarter. The domestic production also reflected our highest ever quarterly volume for liquids. Total company production was 748,000 BOE per day for the fourth quarter, an increase of nearly 5 percent from the fourth quarter of 2010. Total company production for the full year of 2011 was 733,000 BOE per day, an increase of nearly 4 percent from 2010.”


Occidental began as a small, California oil and gas company in the 1920s.

In 1961, Oxy made its first major discovery, drilling to previously unexplored depths near the Sacramento Basin in northern California to discover the state's second largest dry gas field at Lathrop.

Over the next 10 years, Oxy expanded its worldwide operation with successes in Libya, Peru, Venezuela, Bolivia, Trinidad and the United Kingdom. Oxy's explorationists uncovered vast reserves of oil and gas in the dense jungles of South America to the cold, stormy waters of the North Sea. In 1968, Oxy entered the chemical business with the acquisition of Hooker Chemicals.


Benefits start on the day of hire.

- Medical coverage - HMO and PPO
- Dental Coverage
- Vision Program
- Flexible spending accounts
- Life, accidental death and dismemberment insurance
- Short- and long-term disability insurance
- Personal Retirement Account: Funded entirely by the company. If you are under age 35, Oxy contributes an amount equal to 4% of your base pay up to the annual Social Security Wage Base (SSWB) plus 8% of your base pay above the SSWB. If you are age 35 or older, Oxy contributes 7% of your base pay up to the SSWB plus 12% of your base pay above the SSWB.
- Personal Savings Account (PSA) or 401(k) plan: Oxy matches 100% of every dollar you save in the PSA, up to 6% of your base pay.
- 10 holidays observed per year

Vacation Days Based on Years of Service
Less than 1 year of service -- Prorated
1 year, but less than 5 years --10 days
5 years, but less than 10 years --15 days
10 years, but less than 20 years -- 20 days
20 years, but less than 30 years -- 25 days
30 years or more -- 30 days

Updated July 15, 2012