Occidental Petroleum was founded in 1920, but it was not until the 1961 discovery of the Lathrop Gas Field in California that the company began to grow rapidly.
During the 1960’s the company expanded internationally to Libya, Peru, Venezuela, Bolivia, Trinidad, and the U.K.
Occidental entered the chemical business when it acquired Hooker Chemical Company in 1968. It expanded this division in 1988 with the purchase of Cain Chemical.
Today Occidental Petroleum Corporation is a oil and gas exploration and production company and makes basic chemicals, plastics, and petrochemicals.
Occidental is publicly traded on the New York Stock Exchange under the symbol OXY, is a member of the S&P 500, is #125 on the Fortune 500, has 12,900 employees, and had $24.67 billion in revenue in 2013.
Occidental Petroleum CorporationOccidental Petroleum was founded in 1920, but it was not until the 1961 discovery of the Lathrop Gas Field in California that the company began to grow rapidly.
During the 1960’s the company expanded internationally to Libya, Peru, Venezuela, Bolivia, Trinidad, and the U.K.
Occidental entered the chemical business when it acquired Hooker Chemical Company in 1968. It expanded this division in 1988 with the purchase of Cain Chemical.
History
Today Occidental Petroleum Corporation is a oil and gas exploration and production company and makes basic chemicals, plastics, and petrochemicals.
Occidental is publicly traded on the New York Stock Exchange under the symbol OXY, is a member of the S&P 500, is #125 on the Fortune 500, has 12,900 employees, and had $24.67 billion in revenue in 2013.
