Occidental Petroleum, headquartered in Houston, Texas, explores and produces oil and natural gas, employing 12,570 people and operating in the Permian, DJ basins, and Gulf of Mexico. The company has three segments: oil and gas, chemicals, and midstream and marketing.
OXY has been in the news recently: U.S. Treasury yields rose as investors responded to geopolitical tensions, including the U.S.-Iran war, which has also caused crude oil prices to surpass $80 per barrel. Occidental Petroleum, like other energy companies, may be indirectly affected by these rising oil prices due to market fluctuations driven by global conflicts.
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