With a market cap of $53.5 billion, Occidental Petroleum Corporation (OXY) is an energy company engaged in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through two main segments: Oil and Gas, and Midstream and Marketing.
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and Occidental Petroleum fits this criterion perfectly. Its Oil and Gas segment focuses on exploring, developing, and producing oil, condensate, natural gas liquids (NGLs), and natural gas, while optimizing transportation and storage capacity.
