Oxy
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 37 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Oxy's reported carbon emissions
In 2023, Occidental Petroleum (Oxy) reported total carbon emissions of approximately 21,910,000,000 kg CO2e, comprising 17,370,000,000 kg CO2e from Scope 1, 4,550,000,000 kg CO2e from Scope 2, and 184,000,000,000 kg CO2e from Scope 3 emissions. This reflects a continued commitment to transparency in emissions reporting, with data disclosed across all three scopes. Oxy's emissions intensity for its oil and gas operations was approximately 33.5 kg CO2e per barrel of oil equivalent (BOE) in 2023, while its chemical operations reported an intensity of about 513 kg CO2e per tonne. Over the years, Oxy has shown a trend of decreasing emissions intensity, with a notable reduction from 39.2 kg CO2e per BOE in 2017 to 33.5 kg CO2e per BOE in 2023. Despite these reductions in intensity, Oxy has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to focus on improving its emissions performance while navigating the complexities of the fossil fuel industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 21,620,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 5,910,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 259,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Oxy is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
