Occidental Petroleum
25 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.
Partners and platforms
Dolphin Energy (DEL)
3.2 Bcf/dDEL owns and operates a pipeline that connects its gas processing and compression plant in Qatar and its receiving facilities in the UAE, and uses its network of DEL-owned and other existing leased pipelines to supply natural gas to the UAE and Oman.Business (Item 1)
Western Midstream Partners (WES)
depends onnamed as a riskIts general partner interest in WES may increase the possibility that it could be subject to claims of breach of duties owed to WES, including claims of conflict of interest.Risk factors (Item 1A)
Other companies
Berkshire Hathaway
$9.7 billionnamed as a riskIn October 2025, the Company announced entry into a purchase and sale agreement with Berkshire Hathaway to sell all of the issued and outstanding equity interests in OxyChem in an all-cash transaction for $9.7 billion, subject to post closing adjustments.Business (Item 1)
OPEC
exposed to its pricenamed as a riskActions by OPEC and non-OPEC oil producing countries;Risk factors (Item 1A)
Also named by APA, CHRD, CPAY, CRC, CRGY, DMLP, KMI, KRP and 9 more
OxyChem legacy environmental liabilities
named as a riskIn addition, in connection with the OxyChem Transaction, the Company retained environmental liabilities relating to legacy sites.Risk factors (Item 1A)
Places
United Arab Emirates (UAE)
operates in · 1.45 Bcf/dThe midstream and marketing segment also includes Al Hosn Gas, a processing facility in the UAE that removes sulfur from natural gas and processes the natural gas and sulfur for sale.Business (Item 1)
Also named by ACHR
Texas and Louisiana CO2 sequestration hubs
operates in · over 310,000 acresTexas and Louisiana Five CO2 sequestration hubs under development over 310,000 acresBusiness (Item 1)
Gulf of America
operates innamed as a riskThe Company conducts offshore operations in the Gulf of America and international locations through certain subsidiaries.Risk factors (Item 1A)
Permian Basin
operates inThe Company ranks among the largest oil and gas producers in the U.S., holding leading positions in the Permian and DJ Basins as well as offshore Gulf of America, and is the largest independent oil producer in Oman.Business (Item 1)
Also named by AESI, APA, ARLP, AROC, ATO, CRGY, CVX, DINO and 20 more
DJ Basin
operates inThe Company ranks among the largest oil and gas producers in the U.S., holding leading positions in the Permian and DJ Basins as well as offshore Gulf of America, and is the largest independent oil producer in Oman.Business (Item 1)
Also named by WES
Oman
operates inThe Company ranks among the largest oil and gas producers in the U.S., holding leading positions in the Permian and DJ Basins as well as offshore Gulf of America, and is the largest independent oil producer in Oman.Business (Item 1)
Hazards
Hurricanes
operates innamed as a riskCoastal and offshore operations are particularly susceptible to disruption from severe weather events.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Produced water disposal restrictions in seismic response areas
subject tonamed as a riskIn response to increased seismic activity, some states have curtailed water disposal and suspended disposal permits in seismic response areas (SRAs), particularly in deep disposal wells, and adopted additional regulations governing produced water disposal and recycling.Risk factors (Item 1A)
Commodities and inputs
U.S. natural gas
exposed to its price · approximately $120 millionnamed as a riskIf domestic natural gas prices varied by $0.50 per Mcf, it would have an estimated annual effect on the Company’s budgeted 2026 pre-tax cash of approximately $120 million.Market risk (Item 7A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
WTI crude oil
exposed to its price · approximately $240 million for a $1 per barrel change in WTI pricenamed as a riskPrice changes at global prices and levels of production affect the Company’s budgeted 2026 pre-tax cash by approximately $240 million for a $1 per barrel change in WTI price and approximately $25 million for a $1 per barrel change in Brent price.Market risk (Item 7A)
Also named by AR, CHRD, CRGY, EPD, EQT, FANG, KRP, PAA and 4 more
Brent crude oil
exposed to its price · approximately $25 million for a $1 per barrel change in Brent pricenamed as a riskPrice changes at global prices and levels of production affect the Company’s budgeted 2026 pre-tax cash by approximately $240 million for a $1 per barrel change in WTI price and approximately $25 million for a $1 per barrel change in Brent price.Market risk (Item 7A)
Midland-to-Gulf-Coast oil spread
exposed to its price · approximately $55 millionnamed as a riskA $0.25 change in the Midland-to-Gulf-Coast oil spreads impacts budgeted 2026 pre-tax cash by approximately $55 million.Market risk (Item 7A)
Natural gas liquids (NGL)
exposed to its pricenamed as a riskThe Company’s financial results correlate closely to the prices it obtains for its products, particularly oil and, to a lesser extent, NGL and natural gas.Risk factors (Item 1A)
Also named by AM, APA, AR, CHRD, CNX, CRGY, DOW, DVN and 17 more
Carbon dioxide (CO2) for EOR
depends onnamed as a riskOil production from these projects depends on reliable access to sufficient amounts of naturally occurring or anthropogenic (human-made) CO2.Risk factors (Item 1A)
Water and sand
depends onnamed as a riskWater and sand are essential inputs for the exploration and production of oil and gas.Risk factors (Item 1A)
Regulators
Tronox settlement tax deduction (U.S. Tax Court)
subject to · approximately $2.3 billionnamed as a riskThe Company may be required to repay the $881 million tentative cash tax refund Anadarko received in 2016 before it was acquired by the Company, plus other related cash tax benefits received, plus applicable interest, which as of December 31, 2025, totaled approximately $2.3 billion, if the U.S. Tax Court determines that Anadarko’s $5.2 billion Tronox settlement payment related to a 2014 settlement agreement between Anadarko and Kerr-McGee is not deductible.Risk factors (Item 1A)
Laws and programs
Inflation Reduction Act (IRA)
subject to · 15% corporate alternative minimum taxnamed as a riskFor example, the IRA enacted a 15% corporate alternative minimum tax (CAMT) and a 1% excise tax on net share repurchases.Risk factors (Item 1A)
Also named by AEE, AMGN, ARWR, BIIB, BKNG, BMY, CAH, CI and 26 more
One Big Beautiful Bill Act (OBBBA)
subject tonamed as a riskWhile the IRA and OBBBA expanded policy support for certain low-carbon projects and enhanced certain tax credits, these benefits remain subject to administrative action, regulatory interpretation and potential legislative repeal.Risk factors (Item 1A)
Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more
Technology
STRATOS direct air capture facility
up to 500,000 tons of CO2 per annumnamed as a riskSTRATOS, the Company’s first large-scale DAC facility, is designed to capture up to 500,000 tons of CO2 per annum once complete.Business (Item 1)