Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, acquires, explores, and develops oil and gas properties. Valued at $58.8 billion by market cap, the company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and OXY perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the oil & gas E&P industry. OXY’s competitive strengths lie in its low-cost Permian resource base, integrated upstream-midstream-chemicals operations, and leadership in carbon capture and direct air capture through Oxy Low Carbon Ventures. Paired with deep enhanced oil recovery expertise, disciplined capital allocation post-Anadarko, and earnings stability from OxyChem, these advantages drive strong cash flow and position OXY uniquely among peers.
