Indiana Stockholder proposal of Occidental Petroleum Corp. to provide that each officer and director be subject to mandatory retirement at age 70
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Description Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas.
The Audit Committee of the Board of Directors of Occidental has selected KPMG LLP as independent auditor to audit the consolidated financial statements of Occidental and its subsidiaries for the year ending December 31, 2021.
Oxy both builds its own midstream infrastructure and contracts with third parties to deliver that energy. As with everything we do, our midstream infrastructure is a key contributor to our net-zero goals. Our midstream, marketing and power groups keep the Oxy organization connected, streamlined and performing.
Occidental Petroleum isn't nearly as integrated as Exxon. It has some midstream assets, including owning a stake in Western Midstream (WES -1.02%). It also has a chemicals business, OxyChem. However, they're not big earnings drivers for the company.
The Company operates through three segments: oil and gas, chemical and midstream and marketing.
Inflated figures. Occidental has previously been accused of inflating the role of carbon dioxide removal when it told investors that it could capture 10 gigatonnes by 2030. IPCC author Zeke Hausfather thinks ?carbon dioxide removal is an important part of getting to net zero?.