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ZERO IN

Oxy is taking bold steps to innovate for a lower-carbon future. We’re forging
new pathways to reduce emissions across our energy and chemical operations while
providing products and services to help others do the same, with the ambition of
achieving net zero.

Learn more about how we Zero In™ 2023 Climate Report



PRODUCING VITAL ENERGY TO SUSTAIN PEOPLE AND OUR PLANET

We continuously enhance our operations to deliver the energy that lifts up
societies and economies around the world, while innovating new approaches to
advance global sustainability.

Explore Oxy Performance Production



ESSENTIAL CHEMISTRY FOR INDISPENSABLE PURPOSES

A world leader in essential chemicals, we improve lives with indispensable
products used for water purification and disinfection, pharmaceuticals and
medical supplies, construction materials, automotive, refrigerants and more,
with a commitment to safety and sustainability.

Explore Oxy Essential Chemistry



ADVANCING A LOW-CARBON FUTURE

We advance visionary technologies that accelerate global emissions reduction in
our own operations and other industries, including a first-of-its-kind Direct
Air Capture facility in the Permian Basin.

Watch: Leading the Way Explore Oxy Carbon Innovation

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EXPANDING OPPORTUNITY AND HUMAN ACHIEVEMENT

We are taking action to achieve diversity, equity and inclusion (DEI) within our
workforce and in the broader community, with the goal of improving lives and
making the world a more equitable place. 

Our DEI Commitment

Across our operations, we connect. We progress. We innovate. We Zero In.


PERFORMANCE PRODUCTION




PERFORMANCE PRODUCTION

For more than a century, our high-performing teams have driven advancements in
the production of energy. Today we’re applying our culture of innovation to help
solve our planet’s most pressing environmental challenges. We have built safe,
efficient operations that harness the power of large-scale CO2 storage
technology to drive our enhanced oil recovery (EOR) programs. At the same time,
we're taking concrete steps on the ground to reduce our emissions.

Explore Performance Production


ESSENTIAL CHEMISTRY




ESSENTIAL CHEMISTRY

OxyChem plays a critical role in creating products that improve lives, advance
society and uplift the global community. We develop and manufacture chemical
products used to purify water, build communities and vehicles, create
climate-friendly refrigerants and produce life-saving pharmaceuticals and
medical supplies. We focus on safe and sustainable manufacturing operations as
we pursue a lower-carbon future.

Explore Essential Chemistry


CARBON INNOVATION




CARBON INNOVATION

As we take bold steps to reduce emissions across every facet of our business,
we’re creating the future. Utilizing our robust CO2 management infrastructure,
we are accelerating carbon capture, utilization and storage (CCUS), direct air
capture and other visionary technologies to decarbonize our operations and help
other industries do the same.

 

Explore Carbon Innovation


PERFORMANCE PRODUCTION

For more than a century, our high-performing teams have driven advancements in
the production of energy. Today we’re applying our culture of innovation to help
solve our planet’s most pressing environmental challenges. We have built safe,
efficient operations that harness the power of large-scale CO2 storage
technology to drive our enhanced oil recovery (EOR) programs. At the same time,
we're taking concrete steps on the ground to reduce our emissions.

Explore Performance Production



ESSENTIAL CHEMISTRY

OxyChem plays a critical role in creating products that improve lives, advance
society and uplift the global community. We develop and manufacture chemical
products used to purify water, build communities and vehicles, create
climate-friendly refrigerants and produce life-saving pharmaceuticals and
medical supplies. We focus on safe and sustainable manufacturing operations as
we pursue a lower-carbon future.

Explore Essential Chemistry



CARBON INNOVATION

As we take bold steps to reduce emissions across every facet of our business,
we’re creating the future. Utilizing our robust CO2 management infrastructure,
we are accelerating carbon capture, utilization and storage (CCUS), direct air
capture and other visionary technologies to decarbonize our operations and help
other industries do the same.

 

Explore Carbon Innovation

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OXY
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Jun 18 2024 | 03:28PM | NYSE Visit Investor Center


OUR NET-ZERO PATHWAY

Oxy engages with our shareholders, government leaders, our value chain partners
and environmental NGOs to strengthen our sustainability program and
industry-leading pathway to net zero. The Transition Pathway Initiative (TPI)
identified Oxy in November 2021 as one of only three oil and gas companies that
"have set emissions reduction targets which are ambitious enough to reach Net
Zero by 2050 and to align with TPI’s 1.5°C benchmark.” We have provided more
details on our net-zero strategy, including interim 2024 and 2032 goals. We also
have endorsed the Oil & Gas Methane Partnership 2.0 and published our Climate
Policy Positions and Climate Advocacy and Engagement. We were the first U.S.
upstream oil and gas company to enter into sustainability-linked credit
facilities, under which the fees we pay are tied to GHG emission reductions.

Learn More Read 2023 Climate Report


SUSTAINABILITY

Oxy is an energy company, a chemical manufacturer and a carbon management
leader. Strong environmental, social and governance (ESG) performance is central
to everything we do and everything we stand for. Our goal is to work toward
delivering net-zero products and solutions across our company, our industry and,
ultimately, our world.

Explore Sustainability


BUILD THE WORLD’S FUTURE
WHILE BUILDING YOURS

At Oxy we’re leading the way to a cleaner, more sustainable energy future
through carbon capture and other leading-edge technologies. To get there, we’ll
need big thinkers with big ambitions for their careers, our company, our
industry and our planet. Sound like you? Join us.

Explore Careers


MILEPOSTS ON OUR JOURNEY TO NET ZERO


DIRECT AIR CAPTURE: GROUNDBREAKING TECHNOLOGY IN THE PERMIAN

Construction is underway for our first Direct Air Capture (DAC) plant, STRATOS,
in the Permian Basin. When construction is complete, it will be the largest
facility of its kind in the world. Oxy formed 1PointFive, a development company,
to finance and deploy Carbon Engineering's large-scale DAC technology for this
groundbreaking project. Artist rendering shown.


GOLDSMITH: POWERING OUR FIELD OPERATIONS WITH SOLAR TO REDUCE CARBON INTENSITY

Oxy has built a large-scale solar facility in the heart of its Permian Basin
operations near Odessa, Texas. The 120-acre facility uses 174,000 solar panels
to generate 16 MW of electricity, the equivalent of powering about 14,000 homes.
This solar farm provides energy to power our Goldsmith oilfield operations,
zeroing out the carbon footprint of electricity used in the field and
signficantly reducing the field's carbon intensity.


CEMVITA FACTORY: GIVING CO2 A GREATER PURPOSE AND IN TURN REDUCING EMISSIONS

Oxy is partnering with Cemvita Factory to develop advanced chemistry that will
prevent CO2 from being emitted by using it as a feedstock for sustainable
production of vital chemicals and polymers. Once constructed, the pilot plant
will employ an alternate bio-ethylene production process that uses only CO2,
water and light, greatly reducing manufacturing costs and carbon emissions.


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