Occidental Petroleum
Occidental Petroleum Corporation is an international oil and gas exploration and production company based in Houston, Texas. Founded in 1920, the company focuses on the acquisition, exploration, and development of oil and gas properties across the United States, the Middle East, and Latin America. Occidental operates through three main segments: Oil and Gas, which involves the exploration and production of oil, natural gas liquids, and natural gas; Chemicals, which manufactures and markets a range of basic chemicals and vinyls; and Marketing and Midstream, which encompasses the gathering, processing, transportation, storage, and trading of oil, natural gas, and other related products. With a workforce of more than 40,000 employees and contractors worldwide, Occidental emphasizes the use of advanced technology to enhance production and access challenging reserves.
Anadarko Petroleum
Acquisition in 2019
Anadarko Petroleum Corporation is a leading independent exploration and production company headquartered in The Woodlands, Texas. Founded in 1959, the company engages in the exploration, development, production, and marketing of oil and natural gas properties. Its operations are divided into three segments: Exploration and Production, WES Midstream, and Other Midstream. Anadarko specializes in extracting oil, natural gas, and natural gas liquids, while also managing the gathering, processing, and transportation of these resources. The company holds significant assets in major U.S. onshore shale plays and deepwater projects in the Gulf of Mexico, along with international interests in countries such as Algeria, Ghana, Mozambique, Colombia, and Peru. As of the end of 2018, Anadarko reported approximately 1.5 billion barrels of oil equivalent in proved reserves. The company is committed to delivering a competitive and sustainable return to its stakeholders through efficient resource management and operational excellence.
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