Valued at a market cap of $41.7 billion, Occidental Petroleum Corporation (OXY) is an energy company that explores and produces oil and natural gas. The Houston, Texas-based company also manufactures basic chemicals used in industrial, consumer, and construction applications.
Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and OXY fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the oil & gas E&P industry. The company is increasingly focused on reducing carbon intensity through Carbon Capture, Utilization, and Storage (CCUS) and other low-carbon initiatives aimed at supporting long-term sustainability in the energy transition.
