Occidental Petroleum

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Headquarters: 10889 Wilshire Boulevard Los Angeles, CA 90024 Employees: 9,700 CEO: Dr. Ray Irani Stock Symbol: OXY Website: http://www.oxy.com Career Site 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 market capitalization. IIn the United States, Oxy is the largest oil producer in Texas and the largest natural gas producer in California, with additional operations in Kansas, Oklahoma and New Mexico. In the Middle East - North Africa, Oxy has assets in Libya, Oman, Qatar, Yemen and is a partner in the transborder Dolphin Project supplying natural gas from Qatar to markets in the United Arab Emirates. Latin American operations include producing assets in Colombia and Argentina . Occidental Chemical (OxyChem) manufactures vinyls and specialty chemical products in addition to chlorine and caustic soda - the building blocks for products such as pharmaceuticals, water disinfectants, detergents and others. OxyChem has 26 manufacturing sites in the U.S. and has headquarters in Dallas, TX. With strong demand and rising prices for oil, Occidental reported record revenues in 2007 of $18.7 billion and record net income of $5.0 billion. For the 12 months of 2007, daily oil and gas production averaged 570,000 barrels, compared with 545,000 barrels per day in 2006. History Occidental began as a small, California oil and gas company in the 1920s. In 1961, Oxy made its first major discovery, drilling to previously unexplored depths near the Sacramento Basin in northern California to discover the state's second largest dry gas field at Lathrop. Over the next 10 years, Oxy expanded its worldwide operation with successes in Libya, Peru, Venezuela, Bolivia, Trinidad and the United Kingdom. Oxy's explorationists uncovered vast reserves of oil and gas in the dense jungles of South America to the cold, stormy waters of the North Sea. In 1968, Oxy entered the chemical business with the acquisition of Hooker Chemicals. Benefits Benefits start on the day of hire. - Medical coverage - HMO and PPO - Dental Coverage - Vision Program - Flexible spending accounts - Life, accidental death and dismemberment insurance - Short- and long-term disability insurance - Personal Retirement Account: Funded entirely by the company. If you are under age 35, Oxy contributes an amount equal to 4% of your base pay up to the annual Social Security Wage Base (SSWB) plus 8% of your base pay above the SSWB. If you are age 35 or older, Oxy contributes 7% of your base pay up to the SSWB plus 12% of your base pay above the SSWB. - Personal Savings Account (PSA) or 401(k) plan: Oxy matches 100% of every dollar you save in the PSA, up to 6% of your base pay. - 10 holidays observed per year Vacation Days Based on Years of Service Less than 1 year of service -- Prorated 1 year, but less than 5 years --10 days 5 years, but less than 10 years --15 days 10 years, but less than 20 years -- 20 days 20 years, but less than 30 years -- 25 days 30 years or more -- 30 days Updated June 11, 2008