Occidental Petroleum
Occidental Petroleum Corporation is an international oil and gas exploration and production company headquartered 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. Its operations are divided into three main segments: Oil and Gas, Chemical, and Marketing and Midstream. The Oil and Gas segment is responsible for exploring and producing oil, natural gas liquids, and natural gas. The Chemical segment manufactures and markets a variety of basic chemicals and vinyl products. The Marketing and Midstream segment handles the gathering, processing, and transportation of hydrocarbons, while also managing storage and marketing activities. Occidental is recognized for its commitment to leveraging advanced technology to enhance production and access challenging reserves, employing over 40,000 individuals and contractors globally.
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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