Occidental Petroleum outlined a four-pillar sustainability framework spanning governance, people, planet and prosperity, tied to strategic planning and risk management.
2025 methane intensity reached 0.2% of operated wet gas, meeting its <0.25% target, down 64% from 2019.
Routine flaring fell 82% since 2020, with sustained zero routine flaring across U.S. operations, extending to three blocks in Oman.
Construction finished on central processing facilities for the STRATOS direct air capture project, with EPA Class VI permits secured for CO2 sequestration.
Longer-dated targets include eliminating routine flaring by 2030, <0.2% methane intensity by 2030 and net-zero for direct and indirect energy-use emissions by 2040.
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