Occidental Petroleum Corporation - OXY- Profile

Occidental Petroleum Corporation. The Group's principal activity is to explore for, develop, produce and market crude oil and natural gas. The operations are carried out through two segments: Oil and Gas and Chemical. The Oil and Gas segment develops, explores for, produces and markets crude oil and natural gas. The Group's domestic oil and gas operations are located in Elk Hills and other smaller locations in California, the Hugoton field in Kansas and Oklahoma, the Permian Basin in West Texas and New Mexico and the Gulf of Mexico. The Chemical segment manufactures and markets basic chemicals, vinyls and performance chemicals. Basic chemicals include chlorine, caustic soda, potassium chemicals and their derivatives. The Group operates in the United States, Colombia, Ecuador, Oman, Pakistan, Qatar, Russia, the United Arab Emirates and Yemen and other countries. Oil and Gas accounted for 72% of 2006 revenues; Chemical, 27% and Corporate and Other, 1%