Who Owns Occidental Petroleum (Oxy)?
Occidental Petroleum, marketed as Oxy, is the oil and gas brand of Occidental Petroleum Corporation (NYSE: OXY), a publicly traded producer headquartered in Houston, Texas. The brand covers upstream operations in the Permian and DJ basins, the Gulf of America, Oman, the UAE, and Algeria. The company reported FY2025 revenue of $22.08 billion and record production of 1.43 million BOE per day.
Parent Company
Founded
1920
Status
Publicly Traded
Headquarters
United StatesOfficial Website
Who Owns Occidental Petroleum (Oxy)?
- Parent Company: Occidental Petroleum Corporation
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: New York Stock Exchange: OXY
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Occidental Petroleum (Oxy) | Occidental Petroleum Corporation | Brand division |
History of Occidental Petroleum (Oxy)
- Founded: 1920
- Founders: Armand Hammer (built the modern company from 1957)
Occidental Petroleum was founded in Los Angeles in 1920 by a group of California oilmen and spent its first four decades as a minor producer. The brand's transformation began in 1956-1957 when Armand Hammer invested in the dormant company and took control, beginning a three-decade run as one of American business's most famous dealmakers.
The breakthrough was Libya. Occidental's 1966 concession discoveries there ranked among the largest finds in the country's history, catapulting the brand into major-producer status. Hammer then built a diversified empire: Hooker Chemical and Island Creek Coal in 1968, Cities Service in 1982 for about $4 billion, Midcon pipelines in 1986, plus fertilizer trade with the Soviet Union exploiting his unique political access.
After Hammer died in 1990, Ray Irani refocused the brand on oil and gas, building the enhanced oil recovery expertise that still distinguishes Oxy's Permian operations. The company moved its headquarters from Los Angeles to Houston in the mid-2010s and spun off California Resources in 2014.
Vicki Hollub became CEO in 2016 and made the defining acquisition of the modern brand: Anadarko Petroleum in 2019 for approximately $55 billion including assumed debt, won in a bidding war against Chevron with $10 billion in Berkshire Hathaway financing. The deal made Oxy the largest Permian producer and nearly broke it when COVID-19 crashed demand in 2020, forcing a dividend cut to a penny and years of debt reduction.
Recovery followed with higher prices through 2021-2024, the $12 billion CrownRock acquisition completed in August 2024, and then the portfolio's final simplification: the October 2025 agreement to sell OxyChem to Berkshire Hathaway, closed January 2, 2026. FY2025 delivered record production of 1.43 million barrels of oil equivalent per day on $22.08 billion in continuing-operations revenue. Hollub retired June 1, 2026 and Richard Jackson, previously COO, became the brand's leader.
About Occidental Petroleum Corporation
What does Occidental Petroleum own?
Occidental owns oil and gas production assets across the Permian Basin, DJ Basin, and Gulf of America in the US, plus operations in Oman, the UAE, Algeria, and Libya. It owns the 1PointFive carbon capture subsidiary and Oxy Low Carbon Ventures, and an equity interest in Western Midstream Partners. It sold its OxyChem chemical subsidiary to Berkshire Hathaway in January 2026.
Is Occidental Petroleum publicly traded?
Yes. Occidental trades on the New York Stock Exchange under the ticker OXY and is a component of the S&P 500. The company has been public for decades and is one of the oldest names in the American oil industry.
Who founded Occidental Petroleum?
A group of California oilmen founded Occidental in Los Angeles in 1920. Armand Hammer took control in 1957 and built it into a major producer through the Libyan concessions and decades of acquisitions, running the company until his death in 1990.
Where is Occidental Petroleum headquartered?
Occidental is headquartered in Houston, Texas, USA. The company moved its headquarters from Los Angeles to Houston in the mid-2010s as it refocused on oil and gas and spun off its California business.
How many brands does Occidental Petroleum own?
Occidental operates mainly under the Oxy corporate brand and owns the 1PointFive carbon capture brand within its Oxy Low Carbon Ventures unit. Its former chemical brand, OxyChem, was sold to Berkshire Hathaway in January 2026.
Who owns Occidental Petroleum?
Occidental is owned by its public shareholders. Berkshire Hathaway is the largest shareholder with a common stock stake above 25 percent, plus a $10 billion preferred position and warrants acquired during the 2019 Anadarko financing. The remaining shares are held by institutional and retail investors.
Who is the CEO of Occidental Petroleum?
Richard Jackson has been President and CEO since June 1, 2026. He succeeded Vicki Hollub, who retired after a decade as CEO and remains on the board of directors. Jackson joined Occidental in 2003 and previously led its US onshore operations before becoming Chief Operating Officer.
- Founded: 1920
- Headquarters: Houston, Texas, USA
- Company Type: Publicly Traded
- Stock: New York Stock Exchange: OXY
- Revenue: $22.08 billion (FY2025, continuing operations)
- Employees: Approximately 10,412
Where Is Occidental Petroleum (Oxy) Made / Based?
- Headquarters: Houston, Texas, USA
- Manufacturing / Operations: United States, Oman, United Arab Emirates, Algeria
Occidental Petroleum (Oxy) Categories & Tags
Occidental Petroleum (Oxy) Sustainability & Ethics
Oxy was the first major US oil company to adopt a net-zero ambition covering Scope 3 emissions, the emissions from customers using its products, targeting net zero before 2050 with a 2040 goal for operational emissions. The plan leans on the carbon management business: direct air capture through STRATOS, sequestration hubs, and sales of carbon removal credits.
Independent validation exists in pieces. STRATOS holds EPA Class VI injection permits, the first issued for CO2 from a DAC facility, and its removal credits are verified under third-party standards. The central criticism is structural: the brand's core business is oil production, and captured CO2 has historically supported enhanced oil recovery, which produces more oil. The brand holds no consumer-facing environmental certifications.
Occidental Petroleum (Oxy) Recalls & Controversies
Anadarko Debt and Icahn Campaign (2019-2020): Carl Icahn accused the company of overpaying for Anadarko and structuring the Berkshire financing to dodge a shareholder vote, winning board seats in the ensuing fight. The deal's debt load then met the 2020 oil crash, producing a dividend cut and junk-status credit ratings before recovery.
Love Canal Legacy: Through the 1968 Hooker Chemical acquisition, Oxy inherited liability for the Love Canal toxic waste disaster in Niagara Falls, New York, resolved through decades of Superfund litigation and a 1994 EPA settlement.
Climate Litigation: The company is a defendant in climate damage lawsuits brought by US states and municipalities, litigation that remains active as of 2026 with the company contesting the claims.
Brands Owned by Occidental Petroleum Corporation
Occidental Petroleum (Oxy) Ownership: Pros & Cons
Advantages
- +Decades of low-cost Permian drilling inventory from Anadarko and CrownRock
- +Balance sheet reset by the $9.7 billion OxyChem sale
- +Berkshire Hathaway's anchor investment and financing relationship
- +Industry-leading enhanced oil recovery expertise
- +First-mover position in direct air capture through 1PointFive
Considerations
- -Nearly pure oil-price exposure after the chemical divestiture
- -Berkshire's combined equity, preferred, and warrant position concentrates influence
- -Direct air capture economics remain unproven at scale
- -CEO transition completed only in June 2026, strategic direction still settling
- -Active climate litigation across multiple jurisdictions
Frequently Asked Questions About Occidental Petroleum (Oxy)
Sources & Further Reading
Competitors to Occidental Petroleum (Oxy)
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Phillips 66 | USA | 1875 | Mass market | United states | All Genders | |
| Conocophillips | USA | 2002 | Mass market | Global | All Genders | |
| Eog Resources | USA | 1999 | Mass market | United states | All Genders | |
| Exxon Mobil | USA | 1972 | Mass market | Global | All-ages | |
| Marathon Petroleum | USA | 1930 | Mass market | United states | All Genders | |
| Exxon Mobil | USA | 1966 | Premium | Global | All Genders |
Learn More About Competitors
Energy UtilitiesConoco
Owned by Phillips 66
Conoco is a historic American fuel brand owned by Phillips 66, fronting branded gas stations primarily in the western and midwestern United States.
fuelgasolinepetroleum
Energy UtilitiesConocoPhillips
Owned by ConocoPhillips
Corporate brand of ConocoPhillips, the largest independent oil and gas exploration and production company, headquartered in Houston, Texas.
oil-and-gasenergyexploration-production
Energy UtilitiesEOG Resources
Owned by EOG Resources, Inc.
American crude oil and natural gas brand founded in 1999, flagship and sole operating brand of EOG Resources, Inc., producing 1.23 million barrels of oil equivalent per day.
oil-and-gasenergyexploration
Energy UtilitiesExxon
Owned by Exxon Mobil Corporation
American petroleum fuel brand providing gasoline and diesel products globally, owned by Exxon Mobil Corporation (NYSE: XOM), one of the world's largest integrated energy companies.
fuelgasolinepetroleum
Energy UtilitiesMarathon
Owned by Marathon Petroleum Corporation
Marathon is the flagship fuel brand of Marathon Petroleum, fronting nearly 7,900 independently operated branded outlets across 40 states, DC, and Mexico.
fuelgasolinepetroleum
Energy UtilitiesMobil
Owned by Exxon Mobil Corporation
American petroleum fuel and lubricants brand owned by ExxonMobil, sold globally alongside Exxon and Esso-branded fuel stations and Mobil 1 synthetic motor oil.
fuelgasolinepetroleum
Competitive Analysis
Market Positioning: Occidental Petroleum (Oxy) competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Independent Alternatives to Occidental Petroleum (Oxy)
Looking for brands with different ownership structures? These similar brands are not owned by Occidental Petroleum Corporation, giving you alternative choices that support different corporate structures.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike Occidental Petroleum (Oxy) which is under a publicly traded parent company.
Energy UtilitiesAdani Green Energy
Owned by Adani Group
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
renewable-energysolarwind
Privately Owned
Adani Green Energy is privately owned, unlike Occidental Petroleum (Oxy) which is under a publicly traded parent company.
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Privately Owned
Cenex is privately owned, unlike Occidental Petroleum (Oxy) which is under a publicly traded parent company.
Energy UtilitiesConocoPhillips
Owned by ConocoPhillips
Corporate brand of ConocoPhillips, the largest independent oil and gas exploration and production company, headquartered in Houston, Texas.
oil-and-gasenergyexploration-production
Publicly Traded
ConocoPhillips operates independently without a large parent corporation.
Energy UtilitiesEOG Resources
Owned by EOG Resources, Inc.
American crude oil and natural gas brand founded in 1999, flagship and sole operating brand of EOG Resources, Inc., producing 1.23 million barrels of oil equivalent per day.
oil-and-gasenergyexploration
Publicly Traded
EOG Resources operates independently without a large parent corporation.
Energy UtilitiesJSW Energy
Owned by JSW Group
JSW Energy Limited is an Indian independent power producer and subsidiary of JSW Group, operating thermal, hydro, solar, and wind assets with over 10 GW of installed capacity and a target of 30 GW by 2030.
renewable-energysolarwind
Privately Owned
JSW Energy is privately owned, unlike Occidental Petroleum (Oxy) which is under a publicly traded parent company.
Occidental Petroleum Corporation Stock Information
Jobs at Occidental Petroleum Corporation
Latest News About Occidental Petroleum (Oxy)
Related Articles About Occidental Petroleum (Oxy)
View more articles
Global
Regional Brands That Got Swallowed by Multinationals
La Serenissima is now Arcor/Danone. Innovist is now L'Oreal. Zabka is being bought by Couche-Tard for $8.6B. S Brands is now Wipro. Discover regional brands swallowed by multinationals. Explore our database.
Who Brands StaffSep 26, 2026
GlobalAcquisitionsBrand Ownership
Global
Why Some Global Brands Have Different Names Abroad
Lay's is Walkers in the UK. Burger King is Hungry Jack's in Australia. KFC is PFK in Quebec. Mr. Clean is Don Limpio in Spain. Discover why global brands have different names abroad. Explore our database.
Who Brands StaffSep 24, 2026
GlobalInternationalBrand Ownership
Global
Brands That Mean Different Things in Different Countries
Fila is premium in Taipei but budget in Europe. Muller yogurt means indulgence in Italy but health in Germany. Starbucks' Tank Day caused boycotts in Korea. Discover brands that mean different things in different countries. Explore our database.
Who Brands StaffSep 23, 2026
GlobalInternationalBrand Ownership
People Also Searched
Discover popular brands and companies in the Energy & Utilities category and related searches from other users.
Brandcarbon-capture
1PointFive
Carbon capture subsidiary of Occidental Petroleum developing the STRATOS direct air capture facility and sequestration hubs in Texas.
Brand in Energy & Utilities
direct-air-captureccus
Brandfuel
76
76 is a classic American fuel brand owned by Phillips 66, famous for its orange ball logo, fronting branded gas stations primarily in the western United States.
Brand in Energy & Utilities
gasolineclassic-brand
Brandrenewable-energy
Adani Green Energy
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
Brand in Energy & Utilities
solarwind