Company Directory - Occidental Petroleum Corporation
Company Details - Occidental Petroleum Corporation
Occidental Petroleum Corporation
WebsiteHouston, United States
Occidental Petroleum Corporation, also known as Oxy, is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. The company is engaged in the exploration, production, and marketing of oil and natural gas, making it a significant player in the energy sector.
CCI Score
CCI Score: Occidental Petroleum Corporation
-29.42
0.02%
Latest Event
Occidental Petroleum PAC Contributions Profile
The OpenSecrets PAC profile for Occidental Petroleum presents data on its political contributions and PAC activities during the 2023–2024 cycle. The profile highlights the company’s financial support to federal candidates and committees, raising concerns about its influence over US politics and potential alignment with conservative, authoritarian-leaning interests.
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ACCOMPLICE
Occidental Petroleum Corporation is currently rated as an Accomplice.
Latest Events
- MAR312025
The OpenSecrets PAC profile for Occidental Petroleum presents data on its political contributions and PAC activities during the 2023–2024 cycle. The profile highlights the company’s financial support to federal candidates and committees, raising concerns about its influence over US politics and potential alignment with conservative, authoritarian-leaning interests.
-40
Political Contributions and Lobbying Efforts
March 31
The PAC profile reveals Occidental Petroleum's involvement in funding political campaigns via its associated PAC. Given the historically problematic influence of fossil fuel corporations in shaping policies that favor entrenched interests and potentially undermine progressive and democratic reforms, this activity is assessed negatively. The data, sourced from OpenSecrets, reflects contribution patterns during the 2023–2024 cycle that carry implications for corporate political influence.
- FEB122025
Occidental Petroleum spent $10 million on a lobbying campaign that helped secure hundreds of millions in carbon capture subsidies, revealing how corporate funds are used to influence policy in favor of fossil fuel interests.
-60
Political Contributions and Lobbying Efforts
March 31
The company's significant lobbying expenditures indicate a strategic use of corporate resources to influence public policy for substantial financial gain. This prioritizes corporate profit over broader public and environmental interests, undermining democratic processes and contributing to an imbalance of power.
- FEB062025
OpenSecrets data highlights Occidental Petroleum's significant spending on political contributions and lobbying, along with evidence of a revolving door between the company and government roles. Their actions raise concerns about deep corporate entanglement in political processes that may favor authoritarian outcomes.
-80
Political Contributions and Lobbying Efforts
March 27
Occidental Petroleum contributed over $7.7 million in the 2024 cycle and spent approximately $9.6 million on lobbying. This extensive political financial engagement, combined with evidence of a revolving door where several lobbyists had previous government roles, suggests the company is leveraging political contributions to influence policy in ways that can undermine democratic accountability.
-60
Executive Political Engagement
March 27
The revolving door observed, with a notable fraction of Occidental Petroleum’s lobbyists having held government positions, reflects deep executive political engagement that can translate into undue influence over regulatory and policymaking processes, feeding into broader patterns of authoritarian collaboration.
- JAN012025
Families of slain unionists have filed a complaint in the USA accusing Occidental Petroleum of paying millions of dollars to a Colombian army unit allegedly responsible for the killing of union members. The filing raises serious concerns over the company's labor relations and human rights practices.
-80
Labor Relations and Human Rights Practices
March 31
Occidental Petroleum is accused of supporting a Colombian army unit implicated in the killing of unionists. This allegation, if substantiated, points to severe shortcomings in upholding labor rights and human rights practices, reflecting practices that could contribute to an authoritarian environment by undermining worker protections.
- JAN012025
Occidental Petroleum outlines its practices for political contributions and lobbying. The company emphasizes ethical and transparent procedures, with oversight from its Government Affairs Committee and detailed disclosures of both PAC and non-PAC contributions. While claiming compliance with legal and internal standards, such corporate political activity can reinforce corporate influence in politics.
-20
Political Contributions and Lobbying Efforts
March 31
Although Occidental Petroleum presents its political contributions and lobbying practices as ethical and transparent, engaging in corporate political activities inherently advances corporate influence. This activity, while compliant with legal standards, may contribute to the consolidation of power that undermines democratic accountability, thus meriting a negative score from an anti-fascist perspective.
- JAN012025
At Occidental Petroleum’s annual shareholder meeting, Warren Buffett defeated a proposal that would have required the company to disclose more about its lobbying efforts and political affiliations. This decision raises concerns over the firm's commitment to transparency and public accountability in its political activities.
-50
Political Contributions and Lobbying Efforts
March 27
The defeat of a shareholder proposal to increase lobbying transparency at Occidental Petroleum reflects a deliberate stance that prioritizes opaque political dealings over accountability. This action supports a pattern of corporate behavior that may indirectly facilitate undue political influence and undermines democratic oversight, contributing to broader systemic issues favoring authoritarian practices.
- DEC312024
In a recent filing under the Lobbying Disclosure Act, Occidental Petroleum Corporation disclosed spending $3,860,000 on lobbying activities in Q4 2024. The disclosure details efforts aimed at influencing policies on energy regulations, carbon capture, enhanced oil recovery, and related issues, which may prioritize corporate interests over public welfare.
-40
Political Contributions and Lobbying Efforts
March 27
The disclosed $3.86 million in lobbying expenditures by Occidental Petroleum in Q4 2024 highlights significant efforts to sway policy decisions on matters including carbon capture, enhanced oil recovery, and regulatory reform. This concentrated lobbying effort suggests a prioritization of corporate profit and strategic deregulatory measures over public and environmental welfare, potentially contributing to authoritarian influences in policymaking.
Lobbying Update: $3,860,000 of OCCIDENTAL PETROLEUM CORPORATION lobbying was just disclosed
- JAN012024
Occidental Petroleum outlines its practices on political contributions and lobbying, detailing internal processes for ensuring compliance with legal and ethical standards while engaging in activities intended to safeguard business interests. Critics, however, view even modest corporate political spending as a means of influencing regulations and policy-making, potentially facilitating authoritarian-friendly outcomes.
-20
Political Contributions and Lobbying Efforts
March 27
Occidental Petroleum's approach to political contributions and lobbying, while portrayed as modest and compliant with regulatory standards, still represents a strategic engagement in shaping policy debates. From an anti-fascist perspective, such corporate political activity can contribute to the reinforcement of power structures and the erosion of democratic accountability, thus earning a negative score.
- JAN012024
The OpenSecrets profile on Occidental Petroleum revealed that a significant share of its lobbyists—6 out of 14 in 2023 and 8 out of 18 in 2024—have previously held government positions. This revolving door phenomenon raises concerns about undue corporate influence and potential regulatory capture.
-60
Executive Political Engagement
March 31
A large proportion of Occidental Petroleum’s lobbyists have moved between government roles and corporate positions, which signals an alarming level of executive political engagement that can undermine democratic accountability and favor authoritarian influences.
-30
Regulatory Capture
March 31
The revolving door dynamics illustrated by the profile suggest potential regulatory capture, whereby former government officials might be unduly influencing policy on behalf of Occidental Petroleum.
- DEC312023
Occidental Petroleum spent $12,442,000 on lobbying activities in 2023, raising concerns over corporate influence in political processes.
-50
Political Contributions and Lobbying Efforts
March 31
The reported $12,442,000 spent on lobbying in 2023 by Occidental Petroleum suggests a significant level of corporate political engagement that could be used to shape policy in favor of corporate interests, undermining democratic processes and worker rights. This spending is concerning from an anti-fascist perspective as it may contribute to a climate of undue corporate influence in politics.
- AUG282023
Occidental Petroleum has aggressively lobbied for favorable government policies by spending over $10 million in direct lobbying in 2021 and 2022, while also promoting its carbon capture initiatives as a way to extend the life of its core oil business. The company, led by CEO Vicki Hollub, has leveraged federal grants and ambitious DAC projects, raising concerns that these efforts serve more as greenwashing to sustain fossil fuel production than a genuine commitment to climate stabilization.
-50
Political Contributions and Lobbying Efforts
March 31
Occidental’s heavy spending of over $10 million on direct lobbying in 2021 and 2022 to secure DOE grants and beneficial legislation demonstrates the use of political influence to protect fossil fuel interests. This political contribution and lobbying effort hinders progressive climate policies.
How an Oil Giant Took Control of Biden's Billion-Dollar Bet on Carbon Capture
-45
Executive Political Engagement
March 31
CEO Vicki Hollub’s public promotion of a 'net zero oil' future coupled with the rapid push towards carbon capture projects serves to greenwash Occidental’s core business. This executive political engagement uses environmental rhetoric to bolster continued fossil fuel extraction, undermining genuine climate action.
How an Oil Giant Took Control of Biden's Billion-Dollar Bet on Carbon Capture
-35
Business Practices and Ethical Responsibility
March 31
Occidental’s strategy to invest in costly and unproven carbon capture technology appears designed more to bolster its traditional oil operations rather than to drive meaningful emissions reductions. This approach reflects unethical business practices by prioritizing profit and market share over genuine environmental responsibility.
How an Oil Giant Took Control of Biden's Billion-Dollar Bet on Carbon Capture
- JUN012023
Occidental Petroleum, implicated in the poisoning incident in East Palestine, actively lobbied against enhanced rail safety measures by donating $2 million to the Senate Leadership Fund and urging legislative delays, actions that undermine public safety and worker rights.
-80
Political Contributions and Lobbying Efforts
March 31
Occidental Petroleum’s donation of $2 million to a GOP super PAC and its lobbying efforts to weaken rail safety legislation demonstrate a commitment to political influence that undermines public safety regulations, contributing to corporate complicity with authoritarian tendencies and anti-worker policies.
The Company Whose Chemicals Poisoned East Palestine Still Opposes Rail Safety Legislation
- JAN012023
FEC data confirms that Occidental Petroleum Corporation's Political Action Committee is registered and active from 2023 to December 31, 2024, indicating the company's engagement in political contribution activities.
-30
Political Contributions and Lobbying Efforts
March 31
The existence and activity of Occidental Petroleum's Political Action Committee, as evidenced by FEC data, signals the company's participation in political contributions and lobbying efforts. This involvement, while common among large corporations, can enable the prioritization of corporate interests over broader democratic accountability and worker rights, representing a negative influence from an anti-fascist perspective.
OCCIDENTAL PETROLEUM CORPORATION POLITICAL ACTION COMMITTEE - committee overview
- OCT262022
Occidental Petroleum contributed $1 million to Republican-aligned super PACs, supporting efforts to advance oil and gas industry priorities and undermine climate-related regulations, as detailed in campaign finance disclosures.
-80
Political Contributions and Lobbying Efforts
March 31
The donation from Occidental Petroleum to a super PAC aligned with Republican interests directly supports political efforts that favor the fossil fuel industry and resist progressive environmental and social policies. This contribution is a clear demonstration of corporate political activity that reinforces authoritarian and far-right influences in policy making.
- AUG192020
Occidental Petroleum Corporation released a comprehensive human rights policy in August 2020, outlining its commitment to upholding labor rights, ethical practices, and community engagement. The policy explicitly prohibits forced labor and discrimination, and supports collective bargaining, which aligns with anti-authoritarian and progressive labor standards.
+80
Labor Relations and Human Rights Practices
March 27
The policy exhibits a strong commitment to labor relations and human rights practices by ensuring that all employees and contractors work in environments free of forced labor, discrimination, and harassment. This proactive stance supports ethical business practices and resists the authoritarian tendencies that undermine worker rights. The comprehensive approach to stakeholder engagement and social impact assessment further underscores the company’s dedication to upholding human rights standards.
- JAN012016
Occidental Petroleum published details of its human rights policy and social responsibility disclosures, demonstrating an effort towards transparency in labor relations and human rights practices. This move is noted on platforms such as Business & Human Rights Resource Centre. While the publication indicates an acknowledgment of human rights issues, further analysis is needed to determine the depth of commitment and effective implementation, especially considering potential broader impacts stemming from the company's core operations in the oil industry.
+30
Labor Relations and Human Rights Practices
March 27
Occidental Petroleum's disclosure of its human rights policy represents a positive step toward accountability in labor relations and human rights practices. The information made available on recognized platforms indicates an attempt to address and disclose social responsibility issues. However, given the inherent challenges and controversies within the oil industry, the published policy must be scrutinized further for its implementation and potential gaps. From an anti-fascism perspective that values robust protection of worker rights and corporate accountability, this event is seen as moderately positive but not fully transformative.
- JAN012015
In 2015, following decades of alleged environmental harm in the Corrientes River basin, Occidental Petroleum settled a lawsuit brought by indigenous Achuar plaintiffs. The case, initiated by EarthRights International, highlighted the company's 30-year pattern of outdated and harmful practices that led to widespread environmental contamination and severe health issues, including cadmium and lead poisoning among the affected communities. While the confidential settlement includes community development assistance for five Achuar communities, the underlying record of neglect underscores systemic ethical and human rights failures.
-90
Business Practices and Ethical Responsibility
March 31
Occidental Petroleum's prolonged disregard for industry environmental and safety standards resulted in significant harm to indigenous communities. The company's practices over three decades directly led to widespread contamination and health crises, evidencing deep-rooted ethical failings in its business practices. Although a settlement was reached that aimed to remediate some community needs, the overall legacy of environmental and human rights abuse remains stark.
- APR252003
In 2003, Occidental Petroleum was named in a U.S. lawsuit alleging that it provided logistical support, aerial surveillance, and target coordinates to the Colombian military during an assault on a village, which resulted in significant civilian casualties. This case raises serious questions about the company’s ethical business practices and potential complicity in human rights abuses.
-80
Business Practices and Ethical Responsibility
March 27
Occidental Petroleum is accused of being complicit in human rights abuses abroad by allegedly providing critical support to military operations that resulted in civilian deaths. This involvement, if proved, reflects a severe breach of ethical business practices and a disregard for human rights, negatively impacting the company’s reputation and accountability in international conflict zones.
- APR252003
Occidental Petroleum was sued over its alleged role in a 1998 bombing in Colombia that killed 17 civilians. The lawsuit accused the firm and its security contractor of aiding a military assault, raising severe concerns regarding its commitment to human rights and ethical labor practices.
-80
Labor Relations and Human Rights Practices
March 27
Occidental Petroleum has been implicated in a lawsuit alleging its complicity in a 1998 bombing in Colombia that resulted in the deaths of 17 civilians. This event underscores serious deficiencies in its adherence to labor rights and human rights practices, reflecting a broader neglect of ethical business responsibilities in its international operations.
Business & Human Rights: Business complicity in human rights abuses
- APR232003
On 23 April 2003, residents of Santo Domingo, Colombia filed a lawsuit alleging that Occidental Petroleum, along with its security contractor Airscan, aided the Colombian Air Force in conducting an aerial bombing that resulted in civilian casualties and human rights violations.
-50
Public and Political Behavior
March 31
The lawsuit implicates Occidental Petroleum in providing strategic support that contributed to a military operation resulting in civilian deaths and severe human rights abuses, reflecting negatively on the company's public and political behavior.
Occidental lawsuit (re Colombia) - Business & Human Rights Resource Centre
-40
Business Practices and Ethical Responsibility
March 31
The allegations question Occidental Petroleum's adherence to ethical business practices, as the company is accused of supporting actions that enabled extrajudicial killings, torture, and crimes against humanity, thereby undermining its business practices and ethical responsibility.
Occidental lawsuit (re Colombia) - Business & Human Rights Resource Centre
- DEC131998
A lawsuit alleges that Occidental Petroleum's involvement in providing security support and facilitating military operations in Colombia contributed to a deadly bombing in Santo Domingo, resulting in civilian casualties and highlighting the company's broader complicity with repressive policies such as those seen in Plan Colombia.
-80
Public and Political Behavior
March 27
Occidental Petroleum has been implicated in a lawsuit for its role in supporting military operations that led to the bombing of Santo Domingo, Colombia. The company's provision of security resources and its close ties with military actors in conflict zones demonstrate a clear neglect of human rights and effective complicity in actions that align with authoritarian military practices.
Lawsuit Filed Against Occidental Petroleum for Involvement in Colombian Massacre
-70
Business Practices and Ethical Responsibility
March 27
The operations of Occidental Petroleum in Colombia, including its involvement in protecting pipeline interests at the expense of human life, reflect unethical business practices. The company's actions in conflict regions, coupled with its support of policies like Plan Colombia, indicate a prioritization of profit over human rights and ethical considerations.
Lawsuit Filed Against Occidental Petroleum for Involvement in Colombian Massacre
-65
Economic and Structural Influence
March 27
Occidental Petroleum's involvement in Plan Colombia, which facilitated military funding and operations, underscores the company's economic collaboration with practices that support authoritarian state violence. The financial and structural support provided to the military framework in Colombia has contributed to ongoing repression and conflict.
Lawsuit Filed Against Occidental Petroleum for Involvement in Colombian Massacre
- DEC131998
Occidental Petroleum is being sued in U.S. District Court for its alleged role in aiding a deadly military assault on a Colombian village, where cluster bombs were dropped resulting in significant civilian casualties. The lawsuit alleges that the company, along with a security contractor, provided logistical support, aerial surveillance, and targeting data during the December 13, 1998 attack.
-80
Labor Relations and Human Rights Practices
March 31
The lawsuit alleges that Occidental Petroleum was complicit in a serious human rights violation, having provided support that contributed to a military assault causing civilian deaths. Such involvement, if proven, reflects a disregard for ethical business practices and human rights, aligning with concerns over corporate complicity in abuses. The company's denial does not mitigate the severity of the allegations, warranting a strongly negative score from an anti-fascist perspective focused on protecting vulnerable communities.
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Corporate Financials
- Revenue
- 2025
- $21.00B
- Total Assets
- 2025
- $55.00B
- Operating Income
- 2025
- $3.00B
- Total Equity
- 2025
- $20.00B
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- 211120
- Crude Petroleum Extraction
- 213112
- Support Activities for Oil and Gas Operations
- 324110
- Petroleum Refineries
- 486110
- Pipeline Transportation of Crude Oil
- 486210
- Pipeline Transportation of Natural Gas