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Occidental Petroleum Publishes its 2009 Social Responsibility Report

Occidental Petroleum Publishes its 2009 Social Responsibility Report

Published 05-21-10

Submitted by Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (NYSE:OXY) has published its 2009 Social Responsibility Report, which focuses on the policies, objectives, performance and activities of the company and its subsidiaries (collectively, Oxy) in corporate governance, labor, human rights and health, environment and safety (HES).

Achievements highlighted in the report, titled "Dedicated Partner, Employer, Neighbor," include:


  • Exemplary worldwide safety performance: Employee Injury and Illness Incidence Rate (IIR) of 0.41 was the second-lowest in company history and approximately nine times better than the U.S. industry average

  • Placed among the top 1 percent of all companies rated by GovernanceMetrics International (GMI) and commended by GMI for maintaining "best in class corporate governance standards"

  • Of the international oil companies operating in the Middle East, Oxy is noted for hiring among the highest percentage of national workers; for example, in Oman, Oxy's workforce was composed of approximately 75 percent national workers in 2009

  • Named a Natural Gas STAR Continuing Excellence (5 Years) award winner by the U.S. Environmental Protection Agency

  • One of the top two oil and gas companies and No. 26 overall on Corporate Responsibility Magazine's 100 Best Corporate Citizens list for 2010

  • Selected for the Dow Jones North America Sustainability Index based on an evaluation of governance and sustainability performance

"As illustrated throughout the report, we engage frequently with local communities, governments and other stakeholders, in keeping with Oxy's commitment to being an effective and responsive partner, neighbor and employer," said Dr. Ray R. Irani, Chairman and Chief Executive Officer. "In 2009, Oxy received high governance and sustainability index ratings from several entities, including GovernanceMetrics International, and we are one of the two highest-ranked oil and gas companies on Corporate Responsibility Magazine's 100 Best Corporate Citizens list for 2010."

The report also features an interview on HES management at Oxy with Rodolfo Segovia, member of the Board of Directors and Chair of the Board's Environmental, Health and Safety Committee, and includes a list of goals and objectives the company has established to serve as guideposts in assessing progress on key elements of HES and social responsibility performance.

The 2009 Social Responsibility Report, and other information on Oxy's social responsibility program and HES performance, can be viewed or downloaded from www.oxy.com. The website offers enhanced content, including profiles, photographs and video clips spotlighting social responsibility and HES activities companywide. Copies of the printed report are available by request at www.oxy.com/publicationrequest.

About Oxy
Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on equity market capitalization. Oxy's wholly owned subsidiary, OxyChem, manufactures and markets chlor-alkali products and vinyls. Oxy is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of social responsibility in all of the company's worldwide operations.

Occidental Petroleum Corporation (OXY) logo

Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY)

About Oxy

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on equity market capitalization.

Oxy's wholly owned subsidiary, OxyChem, manufactures and markets chlor-alkali products and vinyls. Oxy is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of social responsibility in all of the company's worldwide operations.

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