Occidental Petroleum releases 2026 Sustainability Report Executive Summary
Reuters2026/08/31 19:04- Occidental Petroleum outlined a four-pillar sustainability framework spanning governance, people, planet, 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, net-zero for direct and indirect energy-use emissions by 2040.
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