Principles of Governance

Our governance structure supports our drive to create value for our shareholders and benefit our communities and society as a sustainable leader in high-performance energy production, essential chemistry and carbon innovation. Our Board holds our leadership accountable with criteria that reflect Oxy’s mission, vision and values, our company's purpose and strategy, our commitment to ethical behavior in our Code of Business Conduct, and our attention to assessing risk and internal controls. We implement responsible policies and robust management systems to foster and reinforce business practices that are consistently sound, highly principled and transparent. 

People

In our fast-paced, competitive industry, we strive to provide safe, supportive and high-quality work environments that reward innovation. Oxy’s human capital and workforce development strategy is rooted in Oxy’s core values, unequivocally empowered by the support of our leadership and executed in collaboration with business unit leaders across the organization. We believe our diverse global workforce creates value for our shareholders, business partners and host communities, provides a competitive advantage and delivers real progress toward Oxy’s mission and vision. Our exemplary safety performance reflects our commitment to protecting the health and safety of the people at our facilities and in the communities where we operate. 

Planet

We integrate stewardship activities through rigorous policies and procedures that are designed to promote compliance with environmental laws, regulations and internal standards. Oxy applies innovative technologies to conserve and reuse resources, designs facilities to minimize our footprint near communities and ecosystems and works with stakeholders to preserve habitat and biodiversity. As a company with long-term investments in our properties, infrastructure and communities, sustaining environmental quality is central to the long-term prosperity of our businesses.  

Prosperity

We seek to strengthen economies where we operate through local hiring, investments in our operations and infrastructure, and contributions to organizations that help communities develop and thrive. That includes taking time to listen to local leaders and neighbors, understand the regions where we operate, and engage in partnerships that address community needs and create economic opportunity and inclusive social development.

By investing our time and resources in programs and initiatives that support the areas surrounding our operations where our employees live and work, we seek to advance our relationships with neighboring communities and promote mutually beneficial outcomes.