What is the primary business of Occidental Petroleum Corporation?

Occidental Petroleum Corporation primarily operates in the exploration and production of oil and natural gas. Its business model focuses on discovering, developing, and producing hydrocarbons from various resources across the globe. The company has significant operations in the United States, particularly in the Permian Basin of Texas and New Mexico, as well as internationally in countries like Colombia, Oman, and Azerbaijan. In addition to oil and gas exploration, Occidental has a notable presence in the chemical sector through its subsidiary, Occidental Chemical Corporation. This subsidiary manufactures basic chemicals, chlor-alkali products, and other petrochemical materials which are essential for various industries. Occidental is also committed to sustainability and has been increasingly involved in carbon management and environmental initiatives. The company believes in reducing greenhouse gas emissions and is exploring new technologies and strategies to support the transition to a low-carbon economy. For more detailed information on their operations and business strategies, it is advisable to refer to the company's current website, where you can also find contact information and other corporate resources.