Five DecadesOccidental has had a presence in Texas since 1963. Occidental’s

corporate headquarters, as well as oil and gas operations and

midstream and marketing operations, are based in Houston.

Occidental’s wholly owned subsidiary OxyChem is based in Dallas.

Largest in the Permian BasinOccidental is the largest operator and producer of oil in the

Permian Basin with an approximate 12 percent net share of the

total oil production in the basin. The Permian Basin accounts for

approximately 16 percent of total U.S. oil production.

A Texas Top-Oil Producer Occidental is one of the largest oil producers in Texas, the No. 1

oil-producing state in the U.S. In 2016, Occidental’s production was

approximately 251,000 barrels of oil equivalent per day in Texas.

Dominant Permian Acreage Holder Occidental is one of the largest acreage holders in the Permian

Basin with approximately 2.5 million net acres.

CO2 EOR Leader Occidental is the largest injector of carbon dioxide (CO2 ) in the

Permian Basin, injecting an average of 2.0 billion cubic feet per day.

We are an industry leader in applying this enhanced oil recovery (EOR)

technology, with 31 active floods and over 40 years of experience.

Occidental’s Permian Basin operations near Midland, Texas

Texas Fast FactsOccidental Petroleum 2017

7For additional information, refer to Occidental’s 2016 Form 10-K, available at oxy.com | Published May 2017

210% Permian Reserve Replacement

In 2016, Occidental replaced about 210 percent of its Permian

Basin production, with Permian Resources, its high-growth

unconventional drilling asset, replacing 290 percent of production.

Occidental’s total company reserve replacement ratio was

189 percent in 2016.

Nearly $1.1 Bi l l ion in Royalt ies and Taxes In 2016, Occidental paid $685 million in royalties on production

from its Texas oil and natural gas properties, and $400 million in

Texas state and local taxes.

Local Workforce At year-end 2016, Occidental had more than 12,000 employees and

contractors in Texas and over 33,000 worldwide. Occidental employees

in Texas have worked for the company an average of 10 years.

Permian Basin Headquarters Occidental’s Permian Basin headquarters is located in Midland.

The office complex is equipped with state-of-the-art technologies,

tools and automated systems.

Training Excel lence Occidental’s Midland Technical Training Center provides employees

and contractors a real-world training environment to drive operational

excellence, consistency, collaboration and safe work practices.

Leader in Safety Our 2016 employee and contractor Injury and Illness Incidence

Rate (IIR) of 0.28 is less than one-tenth of the current U.S.

private industry average IIR of 3.0 published by the U.S. Bureau

of Labor Statistics.

Midstream and MarketingOccidental’s midstream operations own and operate 2,900 miles of

common carrier pipeline with 720,000 barrels per day of capacity,

ensuring equity and third-party production access to optimum

market locations. In 2016, we began exporting from our Ingleside

Crude Oil Terminal to domestic and international markets.

OxyChem Occidental Chemical (OxyChem) is a leading manufacturer of

basic chemicals and vinyls, with a market position among the top

three U.S. producers for the principal products it manufactures

and markets.

Ethylene Cracker OxyChem operates a 1.2 billion pound-per-year capacity ethylene

cracker at its plant in Ingleside, along with a pipeline and storage

facility in Markham. The cracker, a 50/50 joint venture with

Mexichem that was constructed on time and on budget, began

commercial operations in 2017.

EOR Education In Midland, Occidental provided funding to the Permian Basin

Petroleum Museum to establish an EOR exhibit, including an

animated model that demonstrates the closed-loop process of

CO2 EOR from injection to production.

Wildl i fe Conservation Occidental voluntarily enrolled approximately 640,000 acres and

committed more than $3 million toward conservation plans in the

Permian Basin to protect the Lesser Prairie Chicken, a candidate

species for listing under the Endangered Species Act, and the

Dunes Sagebrush Lizard.

Social ly Responsible Occidental strives to be a good neighbor in all of the communities

where we operate. A key initiative is our partnership with Houston

Methodist Hospital, which seeks to improve health care for

underserved patients.

Partner of Choice® Occidental is committed to providing safe, healthy and secure

workplaces; protecting the environment; maintaining high ethical

standards; upholding and promoting human rights; and respecting

cultural norms and values, everywhere we operate.