Occidental Petroleum

Climate Policy Engagement

Climate Policy Engagement Overview: Occidental Petroleum (Oxy) demonstrates strategic engagement with science-aligned climate policy, comprising both supportive and oppositional positions. Despite the company’s top-line support for climate action, it does not appear supportive of regulatory action on climate change. Most of the company’s advocacy focuses on promoting government incentives to scale carbon capture, utilization and storage (CCUS) and carbon dioxide removal (CDR) through direct air capture (DAC), often to justify a continued role for oil in the energy mix.