Mission Statement, Vision, & Core Values (2026) of Occidental Petroleum Corporatio.

Boldly positioning itself at the center of global energy discussions, OXY stands as one of the largest U.S. oil and gas producers-anchored by dominant operations in the Permian Basin and offshore Gulf of Mexico-and reinforced by its transformative $57 billion acquisition of Anadarko Resources; beneath that scale sit diversified businesses from midstream marketing that optimize flow and value to OxyChem's chemical manufacturing and Oxy Low Carbon Ventures' push on carbon solutions, all of which drive a mission to "dare to do what others won't" and a vision to "lead the industry by reaching for the impossible," while core values like Deliver Results Responsibly and Unleash Opportunities shape operational choices and investments in carbon management that position the company as a pragmatic leader in lower‑carbon technologies-read on to explore how these strategic pillars, assets, and initiatives translate into measurable industry leadership.

Occidental Petroleum Corporatio (OXY-WT) - Intro

• Occidental Petroleum Corporatio (OXY-WT) is a leading international energy company with principal operations in the United States, the Middle East, and North Africa.
• It is among the largest U.S. oil and gas producers, with leading positions in the Permian Basin, DJ Basin, and offshore Gulf of Mexico, supported by integrated midstream and marketing capabilities.
• OxyChem, the company's chemical subsidiary, produces basic chemicals and intermediates used across construction, packaging, agriculture, and industrial markets.
• Oxy Low Carbon Ventures (OLCV) develops carbon management technologies (direct air capture, CO2 transport and storage, enhanced oil recovery with carbon management) to grow the business while reducing net emissions.
• The company emphasizes global leadership in carbon management as a strategic differentiator to support a lower‑carbon transition.

• Deliver safe, reliable, and competitively priced energy and chemical products worldwide while creating long‑term shareholder value.
• Advance carbon management and low‑carbon technologies that enable economically viable emissions reductions across operations and markets.
• Operate with disciplined capital allocation and cash generation to support investment, debt reduction, and shareholder returns.

• Be the industry leader in responsibly produced hydrocarbons and industrial chemicals while driving scalable CO2 management solutions that help the world meet climate goals.
• Expand integrated value chains-from upstream production through midstream optimization and chemical manufacturing-to capture more value and reduce emissions intensity per unit produced.

• Safety & Operational Excellence - prioritize workforce and asset safety, process reliability, and risk management.
• Integrity & Compliance - operate ethically, transparently, and in accordance with legal and regulatory obligations.
• Environmental Responsibility - pursue emissions reduction, efficient resource use, and responsible site stewardship.
• Innovation & Technology - invest in technologies (e.g., OLCV's carbon solutions) that enhance performance and lower carbon intensity.
• Community & Stakeholder Engagement - maintain constructive relationships with host communities, regulators, and investors.

• Maximize free cash flow and return capital to shareholders while maintaining investment-grade goals for balance-sheet health.
• Scale OLCV technologies (CO2 capture, transport, storage) to monetize carbon management and support emissions targets.
• Optimize midstream and marketing to improve realizations and commodity flow assurance across basins and export markets.
• Leverage OxyChem integration to capture downstream chemical margins and feedstock synergies.

• Asset concentration: Permian remains the company's core growth engine-high-margin liquids production and tie-ins to company-controlled midstream improve incremental returns.
• Carbon leadership: OLCV pursues commercial-scale carbon capture, with multi‑project development intent for million‑ton annual sequestration capacity over coming years.
• Capital allocation: focus on cost discipline, debt reduction, and shareholder returns (dividends and buybacks) as cash flow allows.
• Operational metrics: continuous drilling efficiency improvements, reduced emissions intensity per boe through electrification, methane mitigation, and CO2 recycling where applicable.

Occidental Petroleum Corporatio (OXY-WT) - Overview

• Bold operational posture: prioritizes assets and plays where disciplined returns justify capital intensity.
• Innovation focus: investing in enhanced recovery, low‑cost production techniques, and large‑scale carbon management solutions.
• Environmental stewardship integrated with commercial aims: commercializing carbon capture, utilization and storage (CCUS) as a business line.
• Risk‑aware leadership: deliberate pursuit of projects others avoid when risk‑adjusted returns exceed thresholds.

• Maximizing cash flow from hydrocarbon production to fund growth and shareholder returns.
• Scaling CCUS and direct‑air capture (DAC) to create differentiated long‑term value streams.
• Maintaining balance sheet flexibility while pursuing opportunistic M&A aligned with core competencies.

• Be a leading integrated energy company that pairs durable hydrocarbon cash generation with industry‑scale carbon solutions.
• Turn carbon management into a core, revenue‑generating business-leveraging expertise in EOR and large volumes of CO2 handling.
• Balance shareholder returns with reinvestment into higher‑return projects and transformational decarbonization technologies.

• Practical boldness - pursue opportunities others avoid when risk/reward is compelling.
• Operational excellence - focus on safe, efficient, lowest‑cost production where competitive advantage exists.
• Accountability and discipline - capital allocation governed by return thresholds and balance‑sheet prudence.
• Climate pragmatism - integrate emissions reduction and CCUS in commercially viable ways rather than purely symbolic efforts.

• Large‑scale CCUS deployments and partnerships to monetize carbon management expertise.
• Focused portfolio management - divest non‑core assets, concentrate on high‑return basins and technologies.
• Selective M&A aimed at complementary assets, resource consolidation and capability expansion.

Occidental Petroleum Corporatio (OXY-WT): Mission Statement

• Ambition: Set stretch targets for production growth, emissions intensity reductions, and carbon removal scale‑up.
• Asset focus: Prioritize high‑return, low‑break‑even assets (core Permian, Gulf Coast, international oil & gas) and low‑carbon infrastructure.
• People & performance: Invest in operator training, safety culture, and technical talent to drive operational excellence.
• Innovation: Deploy enhanced oil recovery (EOR), carbon capture and storage (CCS), and direct air capture (DAC) technologies at commercial scale.

• Responsible production - maximize free cash flow per barrel through cost control and high‑grading of drilling inventory.
• Low‑carbon growth - scale CO2 management and DAC to create new revenue streams and meet net‑zero pathways.
• Capital stewardship - maintain conservative leverage targets, returning capital via buybacks/dividends when appropriate.
• Safety & ESG - reduce recordable incident rates and methane intensity, with transparent reporting aligned to industry standards.

• Safety first - protect people, communities, and the environment with measurable safety KPIs.
• Operational excellence - continuous improvement in reliability, downtime reduction, and cost efficiency.
• Integrity & compliance - ethical conduct, strong governance, and transparent disclosures.
• Innovation & sustainability - pursue technologies that lower emissions intensity and create durable competitive advantage.
• Accountability - clear performance metrics, tied incentives, and disciplined capital allocation.
• Community engagement - invest in local communities, workforce development, and equitable stakeholder partnerships.

• Prioritize Permian development to drive near‑term free cash flow while funding CCS/DAC scale‑up.
• Target high‑return projects and divest non‑core assets to improve balance sheet flexibility.
• Allocate R&D and capex to carbon management technologies that can become material new businesses.
• Use clear performance metrics (production per rig, unit opex, methane intensity, cash return metrics) to measure progress against the vision.

Occidental Petroleum Corporatio (OXY-WT) - Vision Statement

• Drive resilient cash flow and returns: target to sustain investment-grade metrics through cyclical cycles and prioritization of free cash flow.
• Accelerate lower‑carbon solutions: scale carbon management (including direct air capture and carbon capture, utilization & storage - CCUS) and responsibly manage emissions intensity across operations.
• Expand meaningful stakeholder value: create jobs, community benefits, and shareholder returns via disciplined capital allocation and strategic M&A.

Core Values and How They Translate to Action

• Lead with Passion - Innovation & Operational Drive
  • R&D and technology deployment in CCUS and enhanced oil recovery (EOR).
  • Investment in digital tools and field optimization to reduce costs per barrel.
• Outperform Expectations - Operational & Financial Targets
  • Benchmarked production and efficiency metrics typically target beating peer basin performance by several percentage points.
  • Quarterly guidance and annual plans focused on beating consensus on production and free cash flow.
• Deliver Results Responsibly - Governance & ESG Integration
  • Emission-intensity reduction plans, methane monitoring, and safety KPIs tied to executive compensation.
  • Public reporting on Scope 1, 2, and progressing Scope 3 strategies; investments in CCUS to materially reduce lifecycle CO2.
• Unleash Opportunities - Growth & Value Creation
  • Strategic asset sales, joint ventures, and selective acquisition strategy to redeploy capital into high-return projects.
  • Commercialization of carbon management businesses to create new revenue streams.
• Commit to Good - Community, Safety & Ethics
  • Local hiring, community investment programs, and health & safety metrics aiming for year-over-year improvements.
  • Ethics, compliance training, and reporting channels to uphold corporate conduct standards.

• Governance alignment: executive incentives increasingly tied to sustainability and safety KPIs alongside financial performance, reinforcing the integration of values into measurable outcomes.
• Capital discipline: allocation hierarchy typically emphasizes (1) debt reduction, (2) sustaining capital, (3) returns to shareholders, (4) strategic growth and low‑carbon investments.