Global Infrastructure SherpaOccidental Petroleum
Occidental Petroleum is an international energy company primarily engaged in hydrocarbon exploration and production. Through its subsidiary Oxy Low Carbon Ventures and 1PointFive, it is a leader in developing and deploying large-scale carbon capture, utilization, and storage (CCUS) and Direct Air Capture (DAC) technologies, positioning itself as a key player in the energy transition infrastructure.
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Oil & Gas MajorDeveloperOperatorOfftaker
Strategic Overview
- Occidental Petroleum is leveraging its expertise in CO2 management from Enhanced Oil Recovery (EOR) to become a leader in carbon capture and storage.
- The company is making significant investments in Direct Air Capture (DAC) technology through its subsidiary 1PointFive, aiming to build multiple large-scale plants.
- Occidental is actively pursuing partnerships and off-take agreements for carbon removal credits, establishing a new revenue stream in the decarbonization economy.
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Subscribe from €20/mo →Key People
Vicki Hollub
President and Chief Executive Officer
Robert Shearer
Executive Vice President and Chief Financial Officer
Track Record
104
Years Active
Notable projects: Stratos Direct Air Capture Plant (Permian Basin, Texas), Carbon Capture and Sequestration Hub (Alberta, Canada)
Detailed Analysis
Technologies
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Deal Stage
Subsidiaries
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