O

Occidental Petroleum Corporation (Oxy)

Oil and gas operations and renewables

Geophysics Intern

Summer 2026
No salary listed
Internship
Master's, PhD
Houston, TX, USA+2 moreMore locations: The Woodlands, TX, USA | Denver, CO, USA
RemoteRelocation assistance and/or furnished corporate housing may be provided, if applicable.
Academic & Institutional ResearchPhysical Sciences

About the job

Requirements
  • Pursuing a Master's Degree or PhD in Geophysics or Geology with a geophysical focus.
  • Must have a graduation date from August 2027 through May 2029.
  • Must maintain a minimum cumulative GPA of 2.85 on a 4.0 scale.
  • Desire to pursue a career as a Geophysicist in the Oil and Gas Industry.
Responsibilities
  • Gain understanding of Oxy and the Oil and Gas Business.
  • Learn to use seismic interpretation software to interpret 2D and/or 3D seismic data at exploration, appraisal, or development scale.
  • Understand the importance of well data and incorporate it into technical work.
  • Produce depth maps, amplitude extractions, isopach maps, and fault attributes to identify new drilling opportunities.
  • Understand and apply quantitative interpretation techniques when appropriate.
  • Create working products and final presentation materials using PowerPoint, Excel, and Word.
  • Present a final recommendation based on technical work.
Desired Qualifications
  • Ability to work with multiple disciplines and cross-functionally.
  • Ability to thrive with significant responsibility.
  • Ability to maintain a project timeline.
  • Ability to evaluate, organize, and prioritize workload.
  • Ability to make decisions with limited information and remain comfortable with change.

About the company

O

Occidental Petroleum Corporation (Oxy)

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Website

Occidental Petroleum Corporation (Oxy) is a global energy company that produces and sells oil and gas, while also pursuing revenue from carbon management and renewable energy projects. It operates by extracting hydrocarbons and delivering energy to industrial, commercial, and government customers, using technology to reduce costs and improve efficiency. Oxy differentiates itself through a strong focus on ESG metrics, low operating costs, and selective investments in renewables such as solar assets and carbon management initiatives. Its goals are to achieve net zero emissions from its operations by 2040 and net zero emissions from the use of its products by 2050.

Company Size

10,001+

Company Stage

IPO

Headquarters

Houston, Texas

Founded

1920

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Simplify Jobs

Simplify's Take

What believers are saying

  • September 2026 STRATOS remains the world's largest DAC project, anchoring employer branding.
  • January 2026 1PointFive-Bain agreement converts startup uncertainty into contracted revenue visibility.
  • April 2026 DOE retained carbon-removal funding, supporting DAC demand and policy momentum.

What critics are saying

  • STRATOS slipped from 2024 to end-2026, exposing execution risk and credibility damage.
  • February 2026 Oxy cut Low Carbon Ventures capex by $250 million, signaling tighter support.
  • September 2026 antitrust litigation against Occidental survives dismissal, threatening management distraction and damages.

What makes Occidental Petroleum Corporation (Oxy) unique

  • April 2025 EPA Class VI permits give Oxy first-mover storage credibility for DAC.
  • 1PointFive pairs STRATOS with Occidental pipelines, reservoirs, and EOR subsurface expertise.
  • January 2026 Bain offtake proves buyers pay for 1PointFive removal credits before startup.

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Benefits

  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Relocation Assistance
  • Hybrid Work Options
  • Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

6%

2 year growth

6%
Yahoo Finance
Oct 14th, 2026
Occidental's 7.8% free cash yield tops the S&P 500's 4.4%, but is $4.8B sustainable?

Occidental Petroleum generates free cash flow equal to 7.8% of its market value a year, against 4.4% for the median S&P 500 company. Adjusted for net debt, the yield is 6.7%. Over the last twelve months, operations brought in $11.0 billion and capital projects took $6.2 billion. Free cash flow of $4.8 billion is down from $6.1 billion a year earlier and $8.4 billion three years ago. Operating margin rose to 27.1% from 17.8% two years earlier. The company cut principal debt by $1.5 billion to $11.8 billion, and aims to reach $10 billion. Operating profit covers interest 5.7 times. Commodity prices and a roughly 25% annual decline in existing wells threaten cash generation. Management targets slowing that decline to 20% by 2030, but has not yet achieved it.

Yahoo Finance
Oct 13th, 2026
Occidental stock moved against the S&P 500 last year, but with 35.3% volatility

Occidental Petroleum (OXY) shares have moved against the S&P 500 over the past year, though only since March 2026. Before that, and over five years, the stock mostly moved with the market. On an average day when the index gained 0.65%, a $10,000 Occidental holding lost about $30. On an average down day of 0.6%, it gained about $67. Even so, the stock fell on each of the index's three worst days; on the worst, it dropped 5.3% against the index's 2.7%. Occidental's volatility was 35.3% over the past year, against 13.0% for the index. Over five years it returned 15.6% a year versus 14.1% for the S&P 500, but its return per unit of volatility was 0.41, against 0.82 for the index. Oil and gas brought in $20.9 billion of its $21.6 billion fiscal 2025 revenue. Principal debt has fallen to $11.8 billion, the lowest since the second quarter of 2019.

Yahoo Finance
Oct 13th, 2026
Chevron vs Occidental: $184.4B revenue giant or higher-margin value play for 2026?

Chevron and Occidental Petroleum offer investors different bets on energy in 2026. Chevron is a fully integrated giant; Occidental focuses on exploration and production, with a push into carbon capture. In FY 2025, Chevron's revenue fell about 4.6% to nearly $184.4 billion, with net income near $12.3 billion and free cash flow of about $16.6 billion. Occidental's revenue dropped about 20.3% to nearly $21.6 billion, with net income of about $2.4 billion and free cash flow near $4.1 billion. Occidental has the edge on valuation, with a forward P/E of 9.4x against Chevron's 12.7x. It also posted a five-year average operating margin of 38%, versus 16.5% for Chevron. Chevron offers a 3.4% dividend yield and 39 straight years of increases. Occidental yields 1.8%.

Yahoo Finance
Oct 12th, 2026
Occidental shifts focus from CrownRock to $4B cash flow plan by 2030

Occidental Petroleum has shifted its message from acquisitions to cash flow. On its fiscal Q2 2026 earnings call in August, management outlined a plan to add more than $4 billion of annual sustainable cash flow by 2030. Two years ago, it led with the integration of CrownRock. Part of the plan relies on advanced recovery projects that extract more oil from existing fields. Management expects sustaining capital to fall by $900 million and interest costs to drop as debt shrinks. It said about 85% of the improvement should hold even at lower prices. Principal debt stood at $11.8 billion, with a near-term target of $10 billion. Occidental has already cut annualised interest by about $630 million, against roughly $740 million in expected savings at that level. Its stock trades at 8.3 times earnings, against 21.9 for the S&P 500.

Yahoo Finance
Oct 8th, 2026
Occidental Petroleum trades at 8x earnings despite 31% stock gain and 50% revenue-to-cash conversion

Occidental Petroleum trades at 8.0 times earnings as of October 2026, a steep discount to the S&P 500's 21.5 multiple. The oil and gas producer converted 50.6% of revenue into operating cash flow over the past twelve months, with a 27.1% operating margin exceeding the S&P 500's 18.5%. However, revenue fell for three consecutive years through fiscal 2025 before rebounding 7.3% in the last twelve months. The current low valuation also includes a one-time $3.2 billion after-tax gain from selling its OxyChem business to Berkshire Hathaway. Without this gain, the stock would trade at roughly 14 times earnings. Management is prioritising debt reduction, targeting $10 billion in principal debt, and aims to generate over $4 billion in additional annual sustainable cash flow by 2030.