Oxy Sustainability Profile
Oxy, officially known as Occidental Petroleum Corporation, is a leading American oil and gas exploration and production company headquartered in the United States. Founded in 1920, Oxy has established a strong presence in key operational regions, including the Permian Basin, the Gulf Coast, and international markets across the Middle East and Latin America. Specialising in hydrocarbon exploration, production, and chemical manufacturing, Oxy is renowned for its innovative approaches to sustainable energy solutions. The company’s core products include crude oil, natural gas, and petrochemicals, distinguished by their commitment to environmental stewardship and advanced technology. With a robust market position, Oxy has achieved significant milestones, including pioneering enhanced oil recovery techniques. The company continues to be recognised for its efforts in reducing carbon emissions and advancing sustainable practices within the energy sector.
DitchCarbon Score
How does Oxy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Oxy's score of 42 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oxy's reported carbon emissions
In 2024, Occidental Petroleum Corporation (Oxy) reported total greenhouse gas emissions of approximately 22.7 billion kg CO2e, comprising about 17.9 billion kg CO2e from Scope 1 and about 2 billion kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming for net-zero emissions in its operations (Scope 1 and 2) before 2040, with an aspiration to achieve this target by 2035. Additionally, Oxy is committed to reducing greenhouse gas emissions to 80% below 1990 levels by 2050, as mandated by Executive Order S-3-05. Oxy's emissions data is not cascaded from a parent company, and the reported figures are independently verified. The company has not disclosed Scope 3 emissions data, which typically includes emissions from the use of its products. Oxy's ongoing initiatives align with the goals of the Paris Agreement, focusing on sustainable practices and reducing its carbon footprint across all operations.
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Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 16,290,000,000,000 | 00,000,000,000,000 | 00,000,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 6,550,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | 000,000,000,000 | 000,000,000,000 | - | - | - |
How Carbon Intensive is Oxy's Industry?
How Carbon Intensive is Oxy's Location?
Oxy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Oxy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
