Oxy
Oxy, officially known as Occidental Petroleum Corporation, is a leading global energy company headquartered in Houston, Texas. Founded in 1920, Oxy has established a strong presence in the oil and gas industry, with significant operations across the United States, the Middle East, and Latin America. The company is renowned for its innovative approach to hydrocarbon exploration and production, as well as its commitment to sustainability through carbon management initiatives. Oxy's core offerings include oil and natural gas exploration, production, and chemical manufacturing, with a focus on enhanced oil recovery techniques that set it apart from competitors. With a robust portfolio and a reputation for operational excellence, Oxy has positioned itself as a key player in the energy sector, achieving notable milestones in environmental stewardship and technological advancements.
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 28 is higher than 91% 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 Corporation (Oxy) reported total greenhouse gas (GHG) emissions of approximately 21.9 million tonnes CO2e from Scope 1 and Scope 2 sources, with Scope 1 emissions at about 17.4 million tonnes CO2e and Scope 2 emissions at around 4.6 million tonnes CO2e. The company’s Scope 3 emissions were significantly higher, estimated at approximately 234 million tonnes CO2e, primarily from the use of sold products. Oxy has demonstrated a commitment to reducing its carbon footprint, achieving a reduction in GHG intensity from 699.0 tonnes CO2e per unit of revenue in 2023, down from 672.0 tonnes CO2e in 2022. The company has set various targets to enhance its sustainability practices, although specific reduction targets were not detailed in the available data. Oxy's GHG emissions intensity for its oil and gas operations was reported at 39.2 tonnes CO2e per barrel of oil equivalent (BOE) in 2017, with a gradual improvement noted in subsequent years. The company continues to focus on initiatives aimed at reducing emissions across all scopes, aligning with industry standards and climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 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 committed to some 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.
