Occidental Petroleum Corp., established in 1920 and headquartered in Houston, Texas, is a premier international oil and gas company focused on exploring, developing, and producing hydrocarbons. The company's operations are primarily based in the United States, the Middle East, and Latin America, with key services including upstream exploration, production, and midstream transportation services.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Occidental started issuing bonds to finance its operations in the mid-1980s, with significant issuances occurring in 2020 that helped fund the acquisition of Anadarko Petroleum Corporation. Notably, in January 2021, the company issued $8 billion in bonds across multiple maturities, which achieved lower yields compared to industry peers, reflecting strong demand. As of late 2023, certain long-term bonds were trading at competitive yields, benefiting investors seeking exposure to the energy sector's recovery while offering features like call options and green bond designations on specific issuances.