Occidental Petroleum Corporation (OXY): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la energía, Occidental Petroleum Corporation (Oxy) se erige como una fuerza transformadora, navegando estratégicamente el complejo panorama de la producción tradicional de hidrocarburos y las innovadoras soluciones de baja carbono. Al crear meticulosamente un modelo de negocio que equilibra la exploración global, las capacidades tecnológicas de vanguardia y un compromiso robusto con la sostenibilidad, Oxy se ha posicionado como una potencia energética con visión de futuro que trasciende las fronteras convencionales de la industria. Su enfoque único integra asociaciones estratégicas, tecnologías avanzadas de gestión de carbono y una cartera diversificada que promete remodelar cómo conceptualizamos la producción de energía en un mercado global cada vez más consciente del medio ambiente.

Occidental Petroleum Corporation (Oxy) - Modelo de negocio: asociaciones clave

Alianzas estratégicas con compañías internacionales de petróleo y gas

Occidental Petroleum tiene asociaciones estratégicas con las siguientes empresas internacionales clave:

Empresa asociada	País	Enfoque de asociación	Valor de inversión
Energías totales	Katar	Tecnologías de captura de carbono	$ 500 millones
Compañía de petróleo de Arabia Saudita (Aramco)	Arabia Saudita	Exploración y producción	$ 1.2 mil millones
BP	Reino Unido	Proyectos de gestión de carbono	$ 750 millones

Empresas conjuntas en proyectos globales de exploración y producción

La cartera de empresas conjuntas globales de Occidental incluye:

• Empresa conjunta de la cuenca del Pérmico con petróleo creciente
• Asociación de exploración de Medio Oriente con ADNOC
• Colaboración de producción del Golfo de México con Chevron

Asociaciones tecnológicas para innovaciones de captura y almacenamiento de carbono

Socio tecnológico	Enfoque tecnológico	Inversión	Reducción esperada de carbono
Climado	Captura de aire directo	$ 250 millones	1 millón de toneladas métricas CO2/Año
Ingeniería de carbono	Tecnologías de eliminación de carbono	$ 300 millones	1.5 millones de toneladas métricas CO2/Año

Colaboración con fabricantes de equipos de energía renovable

• Primer asociación de tecnología de panel solar - panel solar
• Vestas Wind Systems - Colaboración de turbinas eólicas
• Bloom Energy - Desarrollo de celdas de combustible de hidrógeno

Asociaciones de la cadena de suministro con proveedores de servicios de perforación y campos petroleros

Proveedor de servicios	Servicios	Valor de contrato	Duración
Schlumberger	Servicios de perforación y geológicos	$ 1.5 mil millones	5 años
Halliburton	Fractura hidráulica	$ 900 millones	3 años
Baker Hughes	Tecnologías de finalización de pozos	$ 700 millones	4 años

Occidental Petroleum Corporation (Oxy) - Modelo de negocio: actividades clave

Exploración y producción de petróleo crudo y gas natural

En 2023, el petróleo occidental produjo aproximadamente 1,22 millones de barriles de aceite equivalente por día (BOE/D). El desglose de producción incluye:

Región	Producción (Boe/D)
Cuenca del permisa	573,000
Otras regiones estadounidenses	349,000
Operaciones internacionales	298,000

Tecnologías de captura de carbono y secuestro

La instalación de captura de aire directo (DAC) de Occidental en la cuenca Pérmica tiene las siguientes especificaciones:

• Capacidad: 1 millón de toneladas métricas de captura de CO2 por año
• Inversión: $ 1.1 mil millones en infraestructura de captura de carbono
• Tecnología: tecnología avanzada de eliminación de carbono

Operaciones globales ascendentes y intermedias

Huella operativa en múltiples regiones:

Región	Activos clave	Inversión
Estados Unidos	33 instalaciones de producción	$ 12.4 mil millones
Oriente Medio	5 sitios de producción internacional	$ 3.7 mil millones
América Latina	8 bloques de exploración	$ 2.1 mil millones

Inversión en estrategias de transición de energía baja en carbono

Portafolio de inversión baja en carbono:

• Inversión total en tecnologías bajas en carbono: $ 2.5 mil millones
• Proyectos de energía renovable: capacidad eólica y solar de 500 MW
• Objetivo de neutralidad de carbono: 2050

Tecnologías avanzadas de perforación y extracción

Inversiones y capacidades tecnológicas:

Tecnología	Gastos anuales de I + D	Mejora de la eficiencia
Perforación horizontal	$ 340 millones	Eficiencia de extracción del 35%
AI-exploración mejorada	$ 210 millones	25% de precisión geológica
Recuperación de petróleo mejorada	$ 280 millones	40% de productividad de campo

Occidental Petroleum Corporation (Oxy) - Modelo de negocio: recursos clave

Reservas significativas de petróleo y gas

Al 31 de diciembre de 2023, Occidental Petroleum Corporation informó:

Categoría de reserva	Cantidad total	Ubicación
Reservas totales probadas	3.1 mil millones de barriles de aceite equivalente	Estados Unidos, Medio Oriente, América Latina
Reservas de la cuenca del Pérmico	1.200 millones de barriles de aceite equivalente	Texas y Nuevo México

Capacidades tecnológicas avanzadas

La infraestructura tecnológica incluye:

• Capacidad de tecnología directa de captura de aire de 1 millón de toneladas de CO2 anualmente
• Infraestructura de captura y almacenamiento de carbono con $ 1.2 mil millones invertidos
• Tecnologías avanzadas de perforación horizontal y fractura hidráulica

Composición de la fuerza laboral

Categoría de empleado	Número	Nivel de experiencia
Total de empleados	10,200	Altamente especializado
Profesionales de ingeniería	2,750	Habilidades técnicas avanzadas

Capital financiero

Recursos financieros a partir del cuarto trimestre 2023:

• Activos totales: $ 74.2 mil millones
• Equivalentes en efectivo y efectivo: $ 4.3 mil millones
• Gastos de capital anuales: $ 5.6 mil millones

Infraestructura e instalaciones de producción

Tipo de instalación	Número	Capacidad total
Pozos de aceite operativo	6,800	800,000 barriles por día
Refinerías	2	180,000 barriles por día
Instalaciones de captura de carbono	3	1,2 millones de toneladas CO2 por año

Occidental Petroleum Corporation (Oxy) - Modelo de negocio: propuestas de valor

Soluciones de energía integradas en sectores tradicionales y renovables

Occidental Petroleum's 2023 Ingresos totales: $ 59.4 mil millones

Segmento de energía	2023 ingresos	Porcentaje de total
Producción de petróleo	$ 43.2 mil millones	72.7%
Energía renovable	$ 6.5 mil millones	10.9%
Operaciones químicas	$ 9.7 mil millones	16.4%

Compromiso con la producción de energía sostenible y baja en carbono

Inversión de captura e almacenamiento de carbono: $ 1.2 mil millones en 2023

• Capacidad directa de captura de aire: 1 millón de toneladas CO2 por año para 2025
• Objetivo: emisiones operativas netas cero para 2050
• Cartera actual de energía renovable: 450 MW Capacidad solar y eólica

Técnicas de extracción de hidrocarburos de alta eficiencia

Eficiencia de producción de la cuenca Pérmica: 750,000 barriles por día en 2023

Tecnología de extracción	Mejora de la eficiencia	Reducción de costos
Recuperación de petróleo mejorada	Aumento del 15% en las tasas de extracción	$ 5-7 por barril
Perforación horizontal	22% mejoró la recuperación de recursos	$ 3-5 por barril

Portafolio diversificado Riesgos de volatilidad del mercado

Desglose de diversificación de la cartera 2023:

• Petróleo y gas: 72.7%
• Operaciones químicas: 16.4%
• Energía renovable: 10.9%

Gestión avanzada de carbono y tecnologías ambientales

Inversión de gestión de carbono: $ 2.1 mil millones en 2023

Tecnología	Inversión	Potencial de reducción de CO2
Captura de aire directo	$ 650 millones	1 millón de toneladas/año
Secuestro de carbono	$ 850 millones	2.5 millones de toneladas/año
Tecnologías bajas en carbono	$ 600 millones	Aplicaciones variadas

Occidental Petroleum Corporation (Oxy) - Modelo de negocios: relaciones con los clientes

Contratos a largo plazo con clientes industriales y de servicios públicos

A partir de 2024, Occidental Petroleum mantiene contratos de suministro a largo plazo con más de 47 clientes industriales y de servicios públicos en América del Norte. La duración promedio del contrato es de 7.3 años, con un valor total del contrato estimado en $ 4.2 mil millones.

Segmento de clientes	Número de contratos	Valor de contrato promedio
Clientes industriales	32	$ 2.7 mil millones
Clientes de servicios públicos	15	$ 1.5 mil millones

Gestión de cuentas dedicada para los principales consumidores de energía

Occidental proporciona administración de cuentas dedicada para 23 consumidores de energía a gran escala, que representan aproximadamente $ 1.8 mil millones en ingresos anuales.

• Gestión de relaciones personalizadas
• Soluciones de energía personalizadas
• Soporte técnico 24/7
• Revisiones trimestrales de rendimiento

Informes y compromiso de sostenibilidad transparente

En 2024, Occidental publicó su duodécimo informe consecutivo de sostenibilidad, que cubre las emisiones de carbono, el impacto ambiental y las métricas de ESG. El informe llegó al 87% de sus principales partes interesadas.

Métrica de sostenibilidad	2024 rendimiento
Reducción de emisiones de carbono	Reducción del 22% de la línea de base 2020
Tasa de participación de las partes interesadas	87%

Plataformas digitales para la interacción y servicio del cliente

La plataforma de clientes digitales de Occidental atiende a 1,245 clientes empresariales activos, con una tasa de participación digital del 92% y un tiempo de respuesta promedio de 2.4 horas.

• Gestión de contratos en línea
• Seguimiento de consumo de energía en tiempo real
• Sistemas de facturación y pago digital

Asociaciones estratégicas con compradores de energía a gran escala

A partir de 2024, Occidental ha establecido 18 asociaciones estratégicas con compradores de energía a gran escala, lo que representa $ 2.3 mil millones en acuerdos de colaboración.

Tipo de asociación	Número de asociaciones	Valor de asociación total
Acuerdos de suministro a largo plazo	12	$ 1.6 mil millones
Desarrollo de tecnología conjunta	6	$ 700 millones

Occidental Petroleum Corporation (Oxy) - Modelo de negocio: canales

Equipos de ventas directos para contratos de energía empresarial

Occidental Petroleum mantiene 127 representantes de ventas empresariales dedicados en América del Norte, centrándose en las negociaciones de contratos de energía a gran escala. La fuerza de ventas directas de la Compañía generó $ 14.3 mil millones en ingresos por contratos empresariales en 2023.

Canal de ventas	Ingresos anuales	Número de representantes
Contratos de energía empresarial	$ 14.3 mil millones	127
Contratos de energía de la corriente intermedia	$ 6.7 mil millones	54

Plataformas digitales y marketing en línea

Occidental Petroleum invirtió $ 42 millones en infraestructura de marketing digital en 2023, con 3.2 millones de visitantes únicos a sus plataformas en línea mensualmente.

• Tasa de participación de la plataforma digital: 6.7%
• Iniciaciones del contrato en línea: 1.247 por trimestre
• Presupuesto de marketing digital: $ 42 millones anuales

Conferencias de la industria y redes del sector energético

La compañía participó en 37 conferencias internacionales de energía en 2023, generando $ 2.1 mil millones en posibles oportunidades de contrato.

Tipo de conferencia	Número de conferencias	Valor de contrato potencial
Conferencias internacionales de energía	37	$ 2.1 mil millones
Foros de energía regional	24	$ 1.3 mil millones

Iniciativas estratégicas de desarrollo empresarial

Occidental Petroleum ejecutó 12 asociaciones estratégicas en 2023, lo que resultó en $ 3.8 mil millones de nuevas oportunidades de desarrollo comercial.

• Asociaciones estratégicas formadas: 12
• Nuevo valor de desarrollo comercial: $ 3.8 mil millones
• Acuerdos de colaboración entre industrias: 7

Redes de distribución global para productos energéticos

La compañía opera redes de distribución en 14 países, con una infraestructura logística total valorada en $ 5.6 mil millones.

Región	Centros de distribución	Valor de infraestructura logística
América del norte	42	$ 2.3 mil millones
Mercados internacionales	26	$ 3.3 mil millones

Occidental Petroleum Corporation (Oxy) - Modelo de negocio: segmentos de clientes

Grandes consumidores de energía industrial

Occidental Petroleum sirve a los principales clientes industriales con volúmenes anuales de consumo de energía:

Tipo de cliente	Consumo anual de energía	Valor estimado del contrato
Fabricación de productos químicos	1.2 millones de barriles/año	$ 487 millones
Operaciones mineras	850,000 barriles/año	$ 342 millones
Sectores de fabricación	1,5 millones de barriles/año	$ 612 millones

Compañías de servicios públicos y generadores de energía

Segmento clave de clientes con requisitos de energía específicos:

• Total de clientes de servicios públicos: 42 compañías globales de generación de energía
• Suministro anual de petróleo: 3.6 millones de barriles
• Valor promedio del contrato: $ 1.2 mil millones

Mercados internacionales de petróleo

Detalles de la penetración del mercado global:

Región	Cuota de mercado	Volumen de ventas anual
Oriente Medio	17.5%	2.3 millones de barriles
Asia-Pacífico	12.3%	1.6 millones de barriles
Mercados europeos	8.7%	1.1 millones de barriles

Proyectos del gobierno y de infraestructura

Segmento de clientes gubernamentales e infraestructura:

• Contratos gubernamentales activos: 23 proyectos nacionales
• Valor total del proyecto de infraestructura: $ 4.7 mil millones
• Suministro anual de petróleo para infraestructura: 2.1 millones de barriles

Inversores de transición de energía renovable

Características del segmento de clientes de energía renovable:

Categoría de inversión	Inversión total	Crecimiento proyectado
Proyectos de captura de carbono	$ 1.2 mil millones	18.5% de crecimiento anual
Inversiones de energía solar	$ 875 millones	15.3% de crecimiento anual
Hidrógeno bajo en carbono	$ 650 millones	22.7% de crecimiento anual

Occidental Petroleum Corporation (Oxy) - Modelo de negocio: Estructura de costos

Alto gasto de capital por exploración y producción

En 2023, los gastos de capital de Occidental Petroleum totalizaron $ 6.2 mil millones, con una asignación significativa hacia las actividades de exploración y producción.

Categoría	Gasto ($ M)
Inversiones de capital aguas arriba	4,750
Inversiones de capital de Midstream	850
Proyectos de captura de carbono	600

Inversión significativa en innovaciones tecnológicas

Occidental Petroleum invirtió aproximadamente $ 350 millones en investigación tecnológica e innovación durante 2023.

• Tecnologías de transformación digital: $ 125 millones
• Técnicas de recuperación de petróleo mejoradas: $ 110 millones
• Tecnologías de captura y almacenamiento de carbono: $ 115 millones

Gastos operativos para actividades de extracción global

Los gastos operativos totales para 2023 fueron de $ 7.8 mil millones, distribuidos en actividades de extracción global.

Región	Gastos operativos ($ M)
Cuenca del permisa	3,200
Operaciones internacionales	2,600
Golfo de México	2,000

Costos de investigación y desarrollo

El gasto de I + D para 2023 fue de $ 275 millones, centrado en tecnologías energéticas sostenibles.

• Tecnologías bajas en carbono: $ 125 millones
• Investigación de energía geotérmica: $ 75 millones
• Técnicas de perforación avanzada: $ 75 millones

Iniciativas de cumplimiento ambiental y sostenibilidad

El cumplimiento ambiental y los costos de sostenibilidad en 2023 ascendieron a $ 520 millones.

Iniciativa de sostenibilidad	Inversión ($ m)
Captura y almacenamiento de carbono	250
Programas de reducción de emisiones	150
Remediación ambiental	120

Occidental Petroleum Corporation (Oxy) - Modelo de negocios: flujos de ingresos

Ventas de petróleo crudo y gas natural

En el cuarto trimestre de 2023, Occidental Petroleum reportó ingresos totales de $ 9.1 mil millones. Los ingresos del segmento ascendente fueron de $ 4.8 mil millones, con una producción de petróleo crudo de 1,21 millones de barriles por día.

Producto	2023 Producción anual	Precio medio
Petróleo crudo	442.8 millones de barriles	$ 72.50 por barril
Gas natural	396 mil millones de pies cúbicos	$ 2.60 por millón de btu

Créditos de captura y almacenamiento de carbono

El proyecto de captura de aire directo (DAC) de Occidental generó créditos de carbono valorados en $ 132 millones en 2023.

• Capacidad de captura de carbono: 1 millón de toneladas por año
• Precio de crédito de carbono promedio: $ 80 por tonelada

Contratos de suministro de energía a largo plazo

Los ingresos por contratos totales a largo plazo para 2023 alcanzaron los $ 1.2 mil millones, con contratos que abarcan de 5 a 15 años.

Tipo de contrato	Valor total	Duración
Suministro industrial	$ 680 millones	10 años
Acuerdos de servicios públicos	$ 520 millones	15 años

Inversiones de proyectos de energía renovable

El segmento renovable generó $ 247 millones en ingresos durante 2023.

• Inversiones de proyectos solares: $ 350 millones
• Ingresos de energía eólica: $ 89 millones
• Proyectos geotérmicos: $ 58 millones

Servicios de licencias y consultoría de tecnología

Los servicios de tecnología y consultoría generaron $ 95 millones en 2023.

Categoría de servicio	Ganancia	Número de clientes
Licencias de tecnología	$ 62 millones	17 clientes
Servicios de consultoría	$ 33 millones	12 clientes

Occidental Petroleum Corporation (OXY) - Canvas Business Model: Value Propositions

High-margin, short-cycle hydrocarbon production from the Permian Basin.

Occidental Petroleum Corporation prioritizes its U.S. onshore portfolio, specifically the Permian Basin, allocating capital for high-return, short-cycle development.

Metric	2025 Target/Actual	Context/Comparison
Total 2025 Capital Investment	$7 billion to $7.2 billion	Full-year guidance
Capital Allocated to Oil & Gas Operations (2025)	Approximately $6.8 billion	75% of this sum allocated to the U.S. onshore portfolio
Permian Unconventional Well Cost Reduction (YoY)	13%	Compared to 2024
Permian Drilling Duration Improvement	15%	Compared to 2024
Q3 2025 Permian Basin Oil Production	422,000 barrels per day	Record of 800,000 boed achieved in Q3

The focus on efficiency in the Permian Basin has driven cost improvements, such as a 17% improvement in drilling duration per well in Q1 2025 compared to 2024, leading to an 18% reduction in drilling costs.

Low-carbon intensity oil and gas barrels via Enhanced Oil Recovery (EOR) with captured $\text{CO}_2$.

The company aims to produce a net-zero barrel of oil by pairing $\text{CO}_2$ Enhanced Oil Recovery (EOR) with captured $\text{CO}_2$ from its Direct Air Capture (DAC) facilities.

• EOR allows for incremental recovery of about 20%, sometimes more than 60%, of total oil in place.
• EOR projects show internal rates of return of 25-35%.
• New production from EOR wells using captured $\text{CO}_2$ is projected to reach about 8,000 barrels a day by 2025.
• This production was expected to be double the initial 4,000 barrels a day from 60 wells planned for 2024.

Commercial-scale, high-integrity carbon removal services for corporate net-zero goals.

Occidental Petroleum Corporation is commercializing carbon removal through its STRATOS facility, the world's largest operating DAC plant.

Carbon Removal Metric	Value	Notes
STRATOS Annual $\text{CO}_2$ Capture Capacity	500,000 metric tons	Atmospheric $\text{CO}_2$ removal
STRATOS Construction Cost	Greater than $1.3 billion	Flagship DAC plant
2025 Capital Allocation to Low-Carbon Ventures (LCV)	$450 million	Includes STRATOS and Gulf Coast sequestration initiatives
Potential DOE Grant for Second DAC Hub	Up to $650 million	To de-risk development

The STRATOS facility is on track for commissioning and start-up operations in 2025. The U.S. EPA approved the first Class VI injection well permits in Texas to sequester $\text{CO}_2$ from DAC in April 2025.

Reliable supply of crude oil, natural gas, and Natural Gas Liquids (NGLs) to global markets.

The company maintains a significant production base across its segments.

• Expected full-year 2025 average production: approximately 1.42 million BOE per day.
• Total Q3 2025 production: 1.465 million boed.
• U.S. oil production in Q3 2025: 634,000 b/d.
• Total proved reserves year-end 2024: 4.6 billion BOE.

Strategic focus on debt reduction and capital efficiency for superior shareholder returns.

Financial discipline is a core value proposition, demonstrated by aggressive deleveraging and portfolio optimization.

Financial Action	2025 Target/Result	Impact
Debt Repayment Target (Ahead of Schedule)	$7.5 billion	Within 13 months of CrownRock close
OxyChem Sale Proceeds Allocated to Debt Reduction	$6.5 billion	From the announced $9.7 billion sale
Annual Interest Expense Savings from Debt Reduction	Approximately $350 million	Projected from the OxyChem sale proceeds allocation
Debt Reduction Since July 2024	$7.5 billion	As of August 2025

The company also announced four divestitures since April 2025, generating approximately $950 million for debt reduction. Capital freed from the OxyChem sale, estimated at $350-$400 million annually in sustaining capex, is expected to be redirected to Permian activity.

Occidental Petroleum Corporation (OXY) - Canvas Business Model: Customer Relationships

You're looking at how Occidental Petroleum Corporation (OXY) manages its diverse set of buyers, from massive industrial consumers to individual investors. The relationships are clearly segmented based on the product and the required level of engagement, moving from high-touch strategic partnerships in low-carbon ventures to purely transactional commodity sales.

Dedicated account management for long-term, high-volume B2B contracts

For Occidental Petroleum Corporation's low-carbon ventures, the relationship model is definitely high-touch, built on multi-year, high-volume offtake agreements. This is where dedicated account management is crucial, as these are strategic alliances, not simple commodity trades. The company is positioning its carbon removal as a service for major corporations needing to meet their own net-zero targets. For instance, the STRATOS Direct Air Capture (DAC) facility, which is on track to start capturing $\text{CO}_2$ in 2025 with a nameplate capacity of 500,000 tons per year, has the majority of its volumes through 2030 already contracted. This commitment shows a deep, long-term relationship with industrial buyers.

These agreements solidify a bankable demand for Occidental Petroleum Corporation's carbon removal credits. The company currently stores up to 20 million tons of $\text{CO}_2$ per year, primarily from natural sources, leveraging over 50 years of experience in $\text{CO}_2$ management and infrastructure.

Transactional sales for spot market crude oil and natural gas

For the core upstream business, relationships are largely transactional, driven by prevailing market prices for crude oil and natural gas. The pricing environment in mid-2025 dictated the terms of these sales. For the second quarter of 2025, the average worldwide realized crude oil price decreased by 10% from the prior quarter to $63.76 per barrel. Similarly, average domestic realized gas prices saw a significant drop, falling by 45% from the first quarter of 2025 to $1.33 per thousand cubic feet (Mcf) in Q2 2025. To give you context on the prior quarter's transactional benchmarks, in Q1 2025, the average domestic realized gas price was $2.42 per Mcf.

Total average global production for Occidental Petroleum Corporation in Q2 2025 was 1,400 thousand barrels of oil equivalent per day (Mboed). These volumes are sold into the market based on daily or short-term pricing mechanisms.

Strategic alliances with industrial partners for customized carbon removal solutions

This area represents the most complex and relationship-intensive part of Occidental Petroleum Corporation's customer base, centered around its low-carbon ventures. These alliances cover offtake, infrastructure, and joint development. The relationships are customized to integrate carbon removal into the partners' operations or supply chains. The company is actively developing an ecosystem of partners to scale its DAC deployment.

Here are some of the key commercial agreements underpinning these relationships:

• Secured a multi-year deal to sell 500,000 metric tons of carbon removal credits to Microsoft.
• Signed an agreement with Amazon for carbon removal credits.
• Signed additional commercial agreements for $\text{CO}_2$ removal sales with JPMorgan and Palo Alto Networks since the first quarter of 2025.
• Partnered with Enterprise Products Partners to establish a plan for a $\text{CO}_2$ transportation network.
• Evaluating a potential joint venture with XRG (ADNOC's investment company) to develop a DAC facility in South Texas, with XRG considering an investment up to $500 million for a facility capturing 500,000 tonnes of $\text{CO}_2$ annually.

The expected operational start of the Stratos plant in mid-2025 is the ultimate validation point for these customer relationships, moving the product from a promise to a delivered commodity.

Investor relations focused on transparency regarding debt reduction and ESG performance

The relationship with the investment community is heavily managed around financial discipline and the company's transition strategy. Transparency on debt reduction is a primary focus, as the company aggressively worked to deleverage following major acquisitions. Occidental Petroleum Corporation repaid $7.5 billion of debt in just 13 months, which reduced annual interest expense by approximately $410 million. Year-to-date in 2025, the company repaid $3.0 billion in debt through asset sales and organic cash flow. At the end of the second quarter of 2025, the company maintained a strong unrestricted cash balance of $2.3 billion.

Regarding shareholder returns and valuation metrics as of August 2025, the quarterly dividend was maintained at $0.24 per share for the first three quarters of 2025, and the stock carried a forward Price-to-Earnings ratio of 12.5 with a dividend yield of 3.2%. The company's net debt to EBITDA ratio was reported low at 0.07x in one recent analysis, showing strong earnings relative to the debt load. The divestiture of the chemical business, OxyChem, for $9.7 billion in an expected Q4 2025 closing, is a major communication point to investors, signaling a sharpened focus on core upstream assets and debt reduction.

The ESG narrative is tied directly to the success of the low-carbon division. The company is advancing its plans to establish three carbon sequestration hubs scheduled to become operational by 2025, alongside the STRATOS facility launch.

Here's a quick look at the key financial metrics driving investor sentiment:

Metric	Value/Period	Reference Point
Debt Repaid (13 Months)	$7.5 billion	Debt Reduction Progress
Annual Interest Expense Reduction	$410 million	Debt Reduction Progress
Unrestricted Cash Balance	$2.3 billion	Q2 2025 End
Q2 2025 Adjusted Diluted EPS	$0.39	Q2 2025 Earnings
Q2 2025 Worldwide Production	1,400 Mboed	Q2 2025 Operations
Forward P/E Ratio	12.5	August 2025 Estimate

Occidental Petroleum Corporation (OXY) - Canvas Business Model: Channels

You're looking at how Occidental Petroleum Corporation (OXY) moves its product and services to the customer base as of late 2025. It's a mix of traditional energy logistics and new-era carbon management delivery.

Midstream & Marketing segment for transportation, processing, and storage

The Midstream & Marketing segment handles the logistics backbone. For the Trailing Twelve Months ending September 30, 2025, this segment recorded revenues of $1.08B. You saw strong performance in the first quarter of 2025, with Midstream & Marketing revenues hitting $203 million, a year-over-year improvement of 105.1%.

However, the pre-tax results for Q1 2025 reflected a loss of $77 million, though this still exceeded the mid-point guidance by $127 million when excluding derivative impacts.

Here's a snapshot of the segment's reported revenue figures from the first half of 2025:

Reporting Period	Midstream & Marketing Revenue (USD)	Midstream Segment Revenue (USD)
Q1 2025	$203 million	N/A
Q3 2025	N/A	$365.00m

Direct sales to major refineries and petrochemical manufacturers globally

The core of the sales channel involves moving crude oil and natural gas liquids to major buyers. Occidental Petroleum Corporation's total company production for the full year 2025 is guided to be 1,400-1,430 Mboe/d (thousand barrels of oil equivalent per day).

For the first quarter of 2025, total sales volume was 1,391 Mboe/d, marking an 18.4% increase from the prior year period.

The distribution of production volumes gives you a sense of where the product is moving:

• Permian, Rockies & Other Domestic: 754 Mboed (Q1 2025 average production)
• Gulf of America: 121 Mboed (Q1 2025 average production)
• International: 224 Mboe/d (Q1 2025 average production)

International petroleum markets via long-term contracts and spot sales

International markets are a key destination for a portion of Occidental Petroleum Corporation's output. The company's guidance for international production volumes for the third quarter of 2025 ranged from a low of 233 Mboe/d to a high of 245 Mboe/d.

For Q1 2025, the realized price for crude oil globally was $71.07 per barrel, a 2% increase from the previous quarter.

1PointFive subsidiary for selling carbon removal credits and sequestration services

The 1PointFive subsidiary uses Direct Air Capture (DAC) technology to deliver carbon removal credits, a distinct channel for a low-carbon offering. The STRATOS facility in Texas is expected to have a capacity to capture up to 500,000 metric tons a year of CO2.

You can see the scale of the off-take agreements already secured:

Customer	Total CDR Volume Committed	Contract Duration	Underlying Facility
JPMorganChase	50,000 metric tons	over 10 years	STRATOS
Palo Alto Networks	10,000 tons	over five years	STRATOS

Additionally, XRG is considering an investment of up to $500 million to support a proposed DAC facility in South Texas, which would pull 500,000 tonnes of CO2 from the air every year.

Also, 1PointFive formed a 50-50 venture with Enbridge Inc to develop the Pelican Sequestration Hub in Louisiana.

Occidental Petroleum Corporation (OXY) - Canvas Business Model: Customer Segments

You're looking at the core buyers for Occidental Petroleum Corporation (OXY) as of late 2025, which is a mix of traditional energy purchasers and new-age industrial decarbonization partners. Honestly, the customer base is split between high-volume commodity sales and high-value, long-term carbon removal contracts.

The primary traditional buyers are other businesses in the energy and chemical value chains. The oil and gas segment, which covers crude oil, NGL, and natural gas sales, reported net sales of $5.4 billion for the three months ended September 30, 2025. Occidental Petroleum's business structure is heavily anchored in U.S. operations, where 84.5% of net sales are generated.

For context on the physical product volumes moving to these customers, here are the production breakdowns from the first half of 2025:

Segment	Q1 2025 Production (Mboed)	Q2 2025 Production (Mboed)
Total Company Global Production	1,391	1,400
Permian Basin	754	770
Rockies & Other Domestic	292	272
Gulf of America	121	125
International	224	233

The realized prices Occidental Petroleum receives from these commodity customers show the value captured:

• Average domestic realized natural gas price for Q1 2025 was $2.42 per thousand cubic feet (Mcf).
• Average worldwide realized crude oil price for Q2 2025 was $63.76 per barrel.
• Average realized NGL price for Q1 2025 was $25.94 per barrel.

The shift toward low-carbon solutions brings in a distinct customer segment: industrial companies with Net-Zero commitments. These clients purchase Carbon Dioxide Removal (CDR) credits, primarily from Occidental Petroleum's subsidiary 1PointFive. This business is scaling rapidly:

• Total CDR credit deliveries reached 590,000 tons by February 2025.
• A total of 13 million tons have already been sold for a cumulative value of $3.6 billion, averaging $276/tonne.
• Microsoft Corporation (MSFT) was a significant buyer, purchasing 3.3 million credits in 2025 alone.
• The STRATOS DAC facility, expected to begin commercial operations in 2025, has a capacity of up to 500,000 tonnes of CO2 per year.
• Occidental Petroleum is in late-stage negotiations to sell approximately 65% to 75% of the credits generated from STRATOS through 2030, which totals about 1.63 million to 1.98 million credits.

Utility Companies and Power Generators are key consumers of natural gas. The company's upstream segment supplies this energy. For instance, in Q1 2025, the oil and gas pre-tax income was $1.7 billion. The chemical segment, which uses natural gas and NGLs as feedstocks, achieved pre-tax adjusted income of $215 million in Q1 2025.

Finally, Occidental Petroleum deals with Governments and National Oil Companies in its international operating areas, which include the Middle East and North Africa. In Q1 2025, international operations contributed 224 Mboed to total production. A concrete example of a government-related customer engagement is the commitment Occidental Petroleum made to modernize Sonatrach's infrastructure in Algeria, pledging $3 billion.

Finance: review Q3 2025 realized prices for NGLs and gas against Q2 2025 figures by next Tuesday.

Occidental Petroleum Corporation (OXY) - Canvas Business Model: Cost Structure

You're looking at the major outlays that keep Occidental Petroleum Corporation (OXY) running, especially considering their dual focus on core oil and gas and the massive build-out of their low-carbon ventures. The cost structure is heavily weighted toward capital-intensive activities, both in the ground and in the air.

Capital Expenditure (Capex) is a primary driver. For the full fiscal year 2025, Occidental Petroleum set its capital plan in the range of $7.0 billion to $7.2 billion. This spending is strategically split, prioritizing short-cycle, high-return assets in the Permian Basin while simultaneously funding the Direct Air Capture (DAC) and Carbon Capture, Utilization, and Storage (CCUS) build-out through its Low Carbon Ventures (LCV) division. The front-loading of this capital in early 2025, to complete the CrownRock integration and advance DAC projects, temporarily compressed free cash flow, though efficiency gains were intended to offset some of this burn.

The investment in the low-carbon segment is substantial and represents a significant fixed cost component once assets like the STRATOS facility come online. Here's a look at the key capital outlays related to this transformation:

Cost Category / Project	Associated Financial Figure (2025 Focus)	Notes
Total 2025 Capital Plan (Midpoint)	$7.1 billion	Overall planned investment for the year.
LCV Net CAPEX for 2025	$450 million	Dedicated annual budget for carbon capture projects, including STRATOS.
STRATOS DAC Facility CAPEX	$1.3 billion	Investment in the world's largest DAC plant, targeting 500,000 metric tons/year capture.
DOE Grant for South Texas DAC Hub	Up to $650 million	Federal funding to de-risk the development of the second major hub.
Third-Party Solar Investment for STRATOS	$415 million	Investment for a dedicated solar plant to power the DAC facility.

The core business still carries the high fixed costs associated with Permian Basin drilling and production infrastructure. While the company targets efficiency to manage these, the sheer scale of the assets means fixed costs remain a large part of the overall expense base. For instance, the company reported a 17% improvement in drilling duration per well in the Permian compared to 2024, leading to an 18% reduction in drilling costs, which helps manage the variable component of these fixed infrastructure costs.

Operating Expenses (OpEx) are under active management for cost reduction. Total Trailing Twelve Months (TTM) Operating Expenses as of September 30, 2025, were reported at $23.534 billion. Lease Operating Expenses (LOE) are a key metric here. Domestic LOE for the third quarter of 2025 specifically came in at $8.11 per BOE (Barrel of Oil Equivalent). Furthermore, the annual domestic operating cost guidance for 2025 was reduced to $8.65/BOE, down from a previous expectation of $9.00/BOE, reflecting these efficiency wins.

Costs related to CO2 management are embedded within both Capex and OpEx, though specific, fully-loaded OpEx figures for CCUS management are often bundled. The focus on debt reduction directly impacts the financial cost structure through lower interest payments.

The aggressive reduction of long-term debt is a major focus, which directly lowers the ongoing interest expense. Over the 13 months leading up to August 2025, Occidental managed to reduce debt by $7.5 billion, which cut annual interest expenses by $410 million. By the end of the third quarter of 2025, principal debt stood at $20.8 billion after a quarterly repayment of $1.3 billion. The planned OxyChem transaction is expected to further reduce annual interest expense by more than $350 million. For the third quarter of 2025 alone, the reported Interest Expense on Debt was $-270 Million.

Here are the key financial impacts of the deleveraging strategy:

• Debt repaid over 13 months (ending Aug 2025): $7.5 billion.
• Annual interest expense reduction from that 13-month paydown: $410 million.
• Principal debt level as of end of Q3 2025: $20.8 billion.
• Projected annual interest expense reduction from OxyChem sale proceeds: more than $350 million.
• Interest Expense for Q3 2025: $-270 Million.

Finance: draft 13-week cash view by Friday.

Occidental Petroleum Corporation (OXY) - Canvas Business Model: Revenue Streams

You're looking at the core ways Occidental Petroleum Corporation (OXY) brings in cash as of late 2025. It's still heavily weighted toward traditional energy, but the low-carbon ventures are starting to show up in the numbers, which is a key strategic shift.

Crude Oil and Condensate sales remain the bedrock of the revenue structure. For the third quarter of 2025, the Oil and Gas segment reported revenue of $\text{\$5.4 billion}$, according to the internal segment reporting structure you provided. This segment's performance is highly sensitive to commodity prices; for instance, average worldwide realized crude oil prices increased by $\text{2%}$ from the prior quarter to $\text{\$64.78 per barrel}$ in Q3 2025. The company's total production for Q3 2025 was strong, exceeding guidance at $\text{1,465 Mboed}$ (thousand barrels of oil equivalent per day). This operational strength helps drive the top line, even when prices are choppy.

The other commodity streams are also important contributors. You see revenue generated from Natural Gas and Natural Gas Liquids (NGLs) sales. While NGL prices saw a slight dip, with average worldwide realized NGL prices decreasing by $\text{5%}$ from the prior quarter, domestic natural gas prices were up, increasing by $\text{11%}$ from the prior quarter to $\text{\$1.48 per thousand cubic feet (Mcf)}$ in Q3 2025. These figures directly translate into the revenue mix.

Next up are the Midstream services fees. This revenue stream comes from providing flow assurance and maximizing value through transportation and processing, including the low-carbon ventures. For Q3 2025, the Midstream and Marketing segment posted pre-tax income of $\text{\$93 million}$. This segment is critical for ensuring the oil and gas assets can actually get product to market efficiently, so those fees are a steady, if smaller, component of the overall take.

The most forward-looking revenue component is Emerging revenue from Carbon Capture and Sequestration (CCS) services and carbon credit sales, primarily channeled through the 1PointFive subsidiary. This is where the future growth story is being written. We're seeing concrete, contracted revenue potential here. For example, Occidental Petroleum secured a 25-year offtake agreement with CF Industries for the sequestration of approximately $\text{2.3 million metric tons of carbon dioxide per year}$. Furthermore, the company is attracting significant capital for its Direct Air Capture (DAC) facilities, such as the potential joint venture with ADNOC's XRG, which is considering investing up to $\text{\$500 million}$ in a DAC facility designed to capture $\text{500,000 tonnes of carbon dioxide annually}$.

To give you the full picture of the scale, here's how the total revenue stacks up:

Metric	Amount	Period/Context
Total Company Revenue (TTM)	\$26.60 billion	Ending September 30, 2025
Total Company Revenue	\$6.717 billion	Q3 2025
Oil and Gas Segment Revenue	\$5.4 billion	Q3 2025 (as specified)
Midstream & Marketing Pre-Tax Income	\$93 million	Q3 2025

Honestly, you need to watch the commodity prices, but the CCS contracts offer a different kind of stability. Here's a quick look at the key drivers impacting the commodity-linked revenue:

• Average realized crude oil price (Q3 2025): $\text{\$64.78 per barrel}$
• Average domestic realized gas price (Q3 2025): $\text{\$1.48 per Mcf}$
• Average realized NGL price (Q3 2025): $\text{\$19.60 per barrel}$
• Total Company Average Production (Q3 2025): $\text{1,465 Mboed}$

The company is clearly using the strength of its core business to fund the build-out of the CCS revenue stream. Finance: draft 13-week cash view by Friday.