Valued at a market capitalization of about $46.9 billion, Texas-based Occidental Petroleum Corporation (OXY) is a diversified energy and chemicals powerhouse. Beyond its core oil and gas exploration and production business, the company manufactures a wide range of products, including basic and specialty chemicals, polymers, and petrochemicals. Its operations are spread across three segments: Oil and Gas, Chemical, and Midstream & Marketing, providing it with broad exposure across the energy landscape.
Companies valued at $10 billion or more are generally classified as "large-cap" stocks, and Occidental Petroleum certainly fits into this category, with a market capitalization that exceeds this threshold. The company ranks among the largest oil and gas producers in the U.S., with notable positions in the Permian Basin, DJ Basin, and the Gulf of Mexico. The company also operates a midstream and marketing segment that supports its energy operations, which includes Oxy Low Carbon Ventures, focused on developing technologies to reduce emissions.
