Occidental Petroleum Corporation

Integrated Oil & Gas

OXY

$ 70 (1.2)%

Share price

$ 64 bn

Market Cap

$ 94 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

6.8x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

Occidental Petroleum Corporation aims to achieve net zero for Scope 1 + 2 by 2040

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -7% weighted average for S&P 500

FY2022

Occidental Petroleum Corporation aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Occidental Petroleum Corporation reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 23,293 Kt (-288 /-1.2% y-o-y). Also positively, carbon intensity declined to 897 t (-427 /-32.2% y-o-y).

Occidental Petroleum Corporation's Scope 3 emissions increased to 193,800 Kt (+58,800/+44% y-o-y).

The company is committed to achieving net zero for Scope 1 + 2 by 2040, which translates into the estimated reduction of -1,226 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -7,486 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	23,293	18,455	4,838	193,800	25,956	897
2020Q4	23,581	18,780	4,800	135,000	17,809	1,324
2019Q4	27,381	21,482	5,899		20,911	1,309
2018Q4	23,020	16,980	6,040		17,824	1,292
2017Q4	22,840	16,840	6,000		12,508	1,826
2016Q4	22,840	16,290	6,550		10,090	2,264