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Occidental Petroleum (NYSE:OXY) Publishes 2011 Social Responsibility Report
Occidental Petroleum (NYSE:OXY) Publishes 2011 Social Responsibility Report
Published 06-06-12
Issued by Occidental Petroleum Corporation (OXY)
Summary
The report highlights the policies, objectives, performance and activities of the company and its subsidiaries in corporate governance, labor, human rights, economic development and health, environment and safety.
Report Highlights
Occidental Petroleum Corporation (NYSE:OXY) has published its 2011 Social Responsibility Report, Promoting Ethics, People, Environment.
The report highlights the policies, objectives, performance and activities of Occidental and its subsidiaries in corporate governance, labor, human rights, economic development and health, environment and safety (HES) — areas the company regards as fundamental to maintaining and enhancing its reputation as a partner, employer and neighbor of choice.
Among the 2011 achievements featured in the report:
- Ranked No. 1 in the Mining, Crude-Oil Production category in Fortune magazine’s 2011 survey of the World’s Most Admired Companies
- Global workforce expanded by more than 20 percent, including the addition of 8,800 workers in the U.S. — reflecting the company’s commitment to stimulate local economies through job creation
- Employee Injury and Illness Incidence Rate (IIR) of 0.37 was the second-best in Occidental’s history and far better than the 2010 all-U.S. industry IIR of 3.5
- Occidental Chemical Corporation’s plant in Geismar, Louisiana, is its 19th currently operated facility to achieve OSHA Star status as among the safest work sites in the U.S.
- Eight Occidental facilities in seven states have habitat enhancement programs certified by the Wildlife Habit Council
Executive Chairman Ray R. Irani and President and Chief Executive Officer Stephen I. Chazen said: “We believe that social responsibility is integral to the company’s continued profitable performance and to sustaining its global reputation as a respected producer of oil and gas and chemicals. Social responsibility is good for business, and at Oxy we make it everyone’s business.”
For more information about Occidental’s social responsibility program and to download the report, visit www.oxy.com/sr.
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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.