Occidental Petroleum Corp

Industry: Oil Gas Operations

Fortune Rank: 150

OXY explores for, develops, produces, and markets crude oil and gas; and manufactures and markets a variety of basic chemicals, polymers and plastics, specialty chemicals and petrochemicals. For the 6 months ended 6/30/05, revenues rose 32% to $7.03B. Net income from cont. ops. totaled $2.38B, up from $1.07B. Revenues reflect higher crude oil, natural gas and chemical prices. Net income also reflects an increase in gross and operating margins.

Occidental Petroleum Corporation (Occidental) conducts business in two industry segments: the Oil and Gas segment, and the Chemicals segment. The oil and gas segment explores for, develops, produces and markets crude oil and natural gas. The chemical segment manufactures and markets basic chemicals, vinyls and performance chemicals. Occidental's domestic oil and gas operations are located in Elk Hills and other smaller locations in California, the Hugoton field in Kansas and Oklahoma, the Permian Basin in West Texas and New Mexico, and the Gulf of Mexico. International operations are located in Colombia, Ecuador, Oman, Pakistan, Qatar, Russia, the United Arab Emirates and Yemen. Occidental also has exploration interests in several other countries. The Company, through its affiliates, owns and operates chemical manufacturing plants at 24 sites in the United States.

Occidental Petroleum Corp

Occidental Petroleum Corp is a Fortune 500 company. In 2010 Occidental Petroleum Corp was ranked number 150 on the Fortune 500 list, making it the 150th largest company in the United States when judged by revenue.

Occidental Petroleum Corp achieved revenue of $15,531.00 million in 2010 and earned a profit of $2,915.00 million.

Occidental Petroleum Corp's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 98th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $24,480 million (a change of -9 million compared to 2010) and profits of $6,857 million (a change of -4 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Occidental Petroleum Corp would be ranked 48th rather than 150th due to its profits of $2,915 in 2010.

Occidental Petroleum Corp Revenue* Profit* Fortune Ranking

* US$ Million

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