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Full-Time
Confirmed live in the last 24 hours
Sustainable oil and gas production company
No salary listed
Senior
No H1B Sponsorship
Hobbs, NM, USA
This position is not eligible for relocation.
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Occidental Petroleum focuses on sustainable and low-cost operations in the energy sector, primarily in oil and gas. The company uses advanced technology to enhance efficiency and is a leader in carbon management, aiming for net zero emissions in its operations by 2040 and from its products by 2050. What differentiates Occidental from competitors is its strong commitment to sustainability and investment in renewable energy sources, such as solar facilities that power its operations. The company's goal is to lead in sustainable energy while maintaining low operational costs and adhering to environmental responsibility.
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.