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21 Mar 2014 More

Occidental Petroleum Makes Houston New Headquarters

posted by Brown Books @ 12:31 0 Comments Links to this post

Occidental Petroleum will split operations

Occidental Petroleum announces it will split into two businesses, having its headquarters in Houston. The Houston Branch will focus on E&P operations in the Permian Basin and other parts of Texas, the Middle East region and Colombia. The second company will be based in California, focusing on the oil and gas basin in the state.

Stephen I. Chazen, chief executive, said in prepared statement, “Creating two separate energy companies will result in more focused businesses that will be competitive industry leaders.”

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