About Operations Investors News Sustainability Careers 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™ Producing vital energy to sustain people and our planet Advancing a lower-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. Explore Oxy Carbon Innovation 01 04 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 Essential Chemistry 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 NYSE OXY Price ($) 28.95 Change -0.70 (-2.36%) Volume 19,018,770 Dec 01 2021 | 04:10PM | NYSE Visit Investor Center Our Net-Zero Pathway Oxy has set goals to achieve net-zero emissions in our operations and energy use before 2040, and net-zero emissions from the use of products by our customers with an ambition to do so before 2050. We’re systematically combining Oxy’s infrastructure, experience and resources with carbon capture and removal technologies to help us achieve net zero. Our Climate Advocacy and Engagement and Policy Positions reports provide additional context. Read our 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 The front-end engineering and design study is underway for our first Direct Air Capture (DAC) plant 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. Back to Top OxyChem Customer Portal Royalty Interest Owners OEMI Royalty Owners Accessibility Policy Media Disclaimer Privacy Policy Terms of Use Contact Us Connect with Oxy: © Occidental Petroleum Corporation By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Reject All Accept All Cookies