OLCV is the venture capital and innovation arm of Occidental Petroleum, funding and deploying low-carbon technologies that complement oil and gas operations. It works by making strategic equity investments and partnering with technology companies to scale CCUS, Direct Air Capture, sustainable fuels, and near-emissions-free power, with a portfolio that includes 1PointFive ( DAC plants like STRATOS), TerraLithium, NET Power, Cemvita, and LanzaTech. Its differentiator is the backing of a large integrated energy company with decades of carbon-management experience, plus a portfolio approach that connects funding, development, and deployment to bring scalable decarbonization solutions to market. The goal is to commercialize and deploy decarbonization technologies at scale to cut greenhouse gas emissions and provide sustainable energy options alongside traditional oil and gas operations.
Company Size
10,001+
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1920
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