Full-Time
Updated on 3/14/2025
Oil and gas extraction and production
No salary listed
Junior, Mid
Houston, TX, USA
Position is based in the Houston, TX office.
Occidental Petroleum Corporation, or Oxy, operates in the energy sector, focusing on oil and gas extraction and production across various regions, including the United States and Latin America. The company aims to be a low-cost operator by using advanced technology to enhance efficiency and is committed to sustainability, targeting net zero emissions from its operations by 2040. Oxy differentiates itself from competitors through its strong emphasis on environmental, social, and governance (ESG) practices and its integration of renewable energy sources, such as solar power. The company generates revenue from traditional energy products as well as carbon management and renewable energy initiatives.
Company Size
10,001+
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1920
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DENVER, Oct. 31, 2024 (GLOBE NEWSWIRE) - IOTA Software Inc., a leading developer of industrial and business data visualization software, announced today that it has secured $10.4 million in Series A2 funding led by the Altira Group with participation from Oxy Technology Ventures and existing investors, including Aramco Ventures and Second Avenue Partners.
Occidental Petroleum is relying on IRA funding to develop direct air capture (DAC) technology, which will be needed to capture and sequester the hardest-to-reach GHG emissions from jet travel.
Occidental Petroleum recently acquired high-margin assets from CrownRock and aims to lead the carbon capture and storage (CCS) market, a sector potentially worth $3 trillion.
Occidental Petroleum has signed a memorandum of understanding to work with nuclear fusion player TAE Technologies on potential applications of the emissions-free power source in the oil company's direct air capture (DAC) projects.
On June 7, 2024, Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway made a significant addition to its investment portfolio by acquiring 2,565,477 shares of Occidental Petroleum Corp (NYSE:OXY). This move further solidifies Berkshire Hathaway's position as a major stakeholder in the oil and gas sector.