Producer · Senior · Upstream · Oil-weighted · Oil · Africa · Asia · USA
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Portfolio Aggregate · 1 project
Portfolio mode — asset rows are for context only; tab totals use the company aggregation.
Occidental Consolidated
Portfolio
Project information
As at 31 December 2025
Description
As at 31 December 2025
Consolidated reserves, production, costs, NPV (Standardized Measure) and reserves walk for Occidental Petroleum Corporation across all upstream properties (US + International). YE2025 total proved reserves 4,603 MMboe vs 4,612 MMboe YE2024. Proved developed = 72% of total proved YE2025 (3,294 MMboe PD; 1,309 MMboe PUD). Commodity mix YE2025: 47% Oil / 25% NGL / 28% Natural Gas. 2025 Standardized Measure = $36,627M (USD M, after-tax, SEC pricing, 10% discount). Group production 2025: 1,434 Mboe/d (1,202 US + 232 Intl); 2024: 1,328 Mboe/d; 2023: 1,222 Mboe/d. 2025 oil and gas capex $5.6B; total group capex $6.4B. 2026 planned capex $5.5-$5.9B. CrownRock acquisition closed 2024 ($8.8B cash + 254 MMbbl Oil + 200 MMbbl NGL + 1,016 Bcf Gas proved reserves purchased in 2024). OxyChem chemical segment sold to Berkshire Hathaway 2 January 2026 (discontinued operations; excluded from project ledger per divestiture rule).
Portfolio Aggregate
Multiple effective dates · 1P
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Oil & Gas inventory & footprint
Multiple effective dates
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Reserves & resources — detail
As at 31 December 2025
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Reserves walk · Gross (disclosed)
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Reserves walk · Net change by year
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Operating · 8 projects
Al Hosn Gas
Asset · Ownership 40%
Project information
As at 31 December 2025
Description
As at 31 December 2025
OXY has a 40% participating interest in the Shah gas field (Al Hosn Gas), in conjunction with ADNOC (UAE national oil company); concession expires 2041. 2025 net share of production: 283 MMcf/d natural gas + 42 Mbbl/d NGL/condensate. Includes sour-gas processing facilities designed to process 1.45 Bcf/d of natural gas and separate it into salable gas, condensate, NGL and sulfur. In 2025 the facility produced 13,000 tons/day of sulfur (OXY net 5,200 tpd). In 2019-2020 OXY acquired adjacent 9-year exploration concessions and (subject to commerciality) 35-year production concessions for Onshore Block 3 and Block 5 (~2.5M acres combined); first oil production from Onshore Block 3 began in 2023.
Oil & Gas metrics
Multiple effective dates
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Algeria
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
OXY's interests in Algeria consist of production rights in 18 fields within Blocks 404a and 208 (both expiring 2048), located in the Berkine Basin in Algeria's Sahara Desert. Also owns interests in 3 unitized fields within Blocks 404a/208 (Ourhoud Unit, EMK Unit, HBN Unit) and 3 processing facilities: El Merk central processing facility in Block 208 (processes oil/NGL/gas); Hassi Berkine South and Ourhoud central processing facilities in Block 404a (process oil). 2025 net production 28 Mboe/d from 219 gross wells; annual development capital ~$0.1B.
Oil & Gas metrics
Multiple effective dates
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Oman
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
OXY is the operator of Block 9 (50%, exp 2030), Block 27 (65%, exp 2035), Block 53 / Mukhaizna Field (47%, exp 2050), Block 62 (100%, exp 2028), Block 65 (51%, exp 2037). Additional interests in Blocks 30, 51 and 72 under exploration phase (100%). Holds 6.0 million gross acres and has 10,000 potential well inventory locations. 2025 share of production was 72 Mboe/d. Produced >853 MMbbl gross from Block 9 since inception. The Mukhaizna Field in Block 53 is a major pattern steam flood project for EOR using some of the largest mechanical vapor compressors ever built (3,600+ wells drilled, >662 MMbbl gross produced since 2005). Signed 15-year contract extension for Block 53 in 2025 (drove +61 MMboe positive reserves revision). 2025 invested $0.4B across Oman blocks to drill 120 wells. 2025 improved recovery +7 MMboe; PUD additions +4 MMboe.
Oil & Gas metrics
Multiple effective dates
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Oil & Gas inventory & footprint
Multiple effective dates
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Dolphin
Asset · Ownership 24.5%
Project information
As at 31 December 2025
Description
As at 31 December 2025
In Qatar, OXY partners in the Dolphin Energy Project, an investment comprising two separate economic interests. 24.5% interest in the upstream operations to develop and produce NGL, natural gas and condensate from Qatar's North Field through mid-2032. Also 24.5% interest in Dolphin midstream in the UAE (Dolphin Pipeline; separate Project row). 2025 net share of production from Dolphin was 40 Mboe/d.
Oil & Gas metrics
Multiple effective dates
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DJ Basin
District
Project information
As at 31 December 2025
Description
As at 31 December 2025
Production in the DJ Basin is derived from approximately 3,500 gross wells primarily focused in the Niobrara and Codell formations. ~0.5M total net acres. Provides competitive economics, low breakeven costs and free cash flow generation through contiguous acreage and royalty uplift. Subject to Colorado setback regulations; the Company maintains a steady cadence of permit approvals through community outreach and protective site selection (>90% of 2026 drilling schedule and >45% of 2027 schedule permitted as of YE2025). 2025 reserves additions: infill 49 MMboe oil + 13 MMboe NGL + 118 Bcf gas; positive performance revisions on gas (337 Bcf) and oil (18 MMboe). 2025 DJ-related transfers from PUD to PD: 98 MMboe. 2025 sold non-operated proved and unproved royalty and mineral interests in DJ for ~$840M.
Oil & Gas metrics
Multiple effective dates
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Oil & Gas inventory & footprint
Multiple effective dates
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Gulf of America
District
Project information
As at 31 December 2025
Description
As at 31 December 2025
Fourth-largest oil and gas producer in the deep-water Gulf of America. Operates 8 strategically located deep-water floating platforms and produces from 14 active fields. Working interests in ~230 blocks covering ~0.8M net acres. 2025 production 132 Mboe/d from 96 gross wells with major equipment uptimes >99%. 2025 development capex $0.5B with low-risk infill drilling at Horn Mountain, Constitution, Lucius. Key working interests: Horn Mountain 100%, Holstein 100%, Marlin 100%, Lucius 67%, K2 Complex 51%, Caesar Tonga 34%, Constellation 33%. 2025 added 44 MMboe of improved-recovery reserves (largest single contributor); GOA contributed +19 MMboe of positive reservoir-performance revisions. GOA 2.0 program: artificial lift (gas-lift, ESPs) at Horn Mountain delivered highest-margin production; first water injection at Marlin Summer 2026, Horn Mountain 2027. ~47 MMboe transferred from PUD to PD in 2025.
Oil & Gas metrics
Multiple effective dates
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Oil & Gas inventory & footprint
Multiple effective dates
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Permian Basin
District
Project information
As at 31 December 2025
Description
As at 31 December 2025
The Permian Basin extends throughout West Texas and Southeast New Mexico and is one of the largest and most active oil basins in the United States, accounting for more than 49% of total US oil production in 2025. OXY produced ~10% of basin oil in 2025 (786 Mboe/d). Managed via two businesses: Permian Resources (unconventional horizontal development, 1.5M net acres, ~6,300 gross wells, added 390 MMboe to proved reserves in 2025 via infill and extensions) and Permian EOR (CO2 flood + waterflood EOR on conventional reservoirs, 1.4M net acres, ~11,900 gross wells, 34 active CO2 floods, 50+ years of experience, large inventory of future CO2 projects developable over the next 20 years). 2025 capex $3.4B. Reserves additions in 2025 included infill (54 MMboe), economic conditions (+122 MMboe), partly offset by price revisions (-94 MMboe) and reservoir performance (-66 MMboe). 278 MMboe transferred from PUD to PD in 2025; ~$8.4B planned over next 5 years to develop Permian PUD reserves (69% of group PUD).
Oil & Gas metrics
Multiple effective dates
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Powder River Basin
District
Project information
Description
OXY has interests in approximately 0.2 million net acres in the Powder River Basin, mainly located in Converse County and Campbell County, Wyoming. The basin contains the Turner, Niobrara, Mowry, Parkman, and Teapot formations that hold both liquids and natural gas. Production from 139 gross wells. In 2024 OXY sold non-core assets in the Powder River Basin with near- to intermediate-term lease expirations as part of $769M divestiture program.
Oil & Gas metrics
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Oil & Gas inventory & footprint
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Processing facilities · 2 projects
STRATOS
Asset · Other · Construction
Project information
As at 31 December 2025
Description
As at 31 December 2025
STRATOS, OXY's first large-scale Direct Air Capture (DAC) facility in Ector County, Texas, is designed to capture up to 500,000 tons of CO2 per annum once complete. Operations expected to begin in 2026 with an initial capacity of up to 250,000 tons of CO2 per annum from trains 1 and 2; the remaining 250,000 tons capacity upon completion of trains 3 and 4. Operated as a joint venture with BlackRock (through its Diversified Infrastructure business). OLCV's 2025 midstream/marketing segment capex of $720M was majority related to STRATOS construction. OXY holds Class VI CO2 injection well permits for the project. OLCV has acquired access to >0.3M acres of pore space and continues to pursue additional sequestration hub permits.
Processing facilities
As at 31 December 2025
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Dolphin Pipeline
Asset · Pipeline Gas · Ownership 24.5%
Project information
As at 31 December 2025
Description
As at 31 December 2025
OXY's pipeline business mainly consists of its 24.5% ownership interest in Dolphin Energy Limited (DEL). DEL owns and operates a 230-mile-long, 48-inch-diameter natural gas pipeline (Dolphin Pipeline) that transports dry natural gas from Qatar to the UAE and Oman. The Dolphin Pipeline has capacity to transport up to 3.2 Bcf/d and currently transports approximately 2.0 Bcf/d (up to 2.2 Bcf/d in summer months).
Processing facilities
As at 31 December 2025
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Oil & Gas sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Oil & gas
- 1P/2P/3P — cumulative uncertainty. 1P = Proved (≥90%); 2P = Proved+Probable (≥50%, primary non-SEC metric); 3P adds Possible (≥10%). SEC filers often publish 1P only.
- Contingent (1C/2C/3C) = discovered, sub-commercial. Prospective (1U/2U/3U) = undiscovered. Neither feeds economic models without further work.
- Developed vs Undeveloped: PDP (producing), PDNP (developed non-producing), PUD (undeveloped). Reserves walk PUD→PDP is reclassification, not new discovery.
- BOE uses 6 Mcf gas : 1 bbl oil (thermal, not economic). Some issuers use 5.8:1 — read footnotes.
- Pricing case: Forecast vs Constant (NI 51-101/PRMS) or SEC 12-month average. Do not add cases together.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Oil & Gas — one row per O&G project (typically a field, licence, play or basin asset), with columns for location, status, primary hydrocarbons, production (with rating), reserves & resources (with rating), costs and estimated lifetime.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- Reserves walk — gross (disclosed) — year-by-year reconciliation of the opening balance to the closing balance, broken into Extensions & discoveries, Revisions, Improved recovery, Purchases, Divestitures, Production and Conversion to developed.
- Reserves walk — net change by year — per-year summary of net additions and net deductions across the portfolio.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Hydrocarbon commodity — notes
- The Commodity column shows normalized labels; values are stored as snake_case CommodityCode strings in pkg/domain and project resource rows (for example shale_gas, oil_equivalent).
- Benchmarks and typical relationship cells are informal market context for reading disclosures — they are not MetalPilot price inputs.
Crude grade primer
- API gravity — lower = heavier. Light crude is ≥ 31.1° API (≤ 870 kg/m³); heavy is 22.3–31.1° API; extra-heavy is < 22.3°. Bitumen is ≤ 10° API.
- Sulphur — sweet vs sour. Sweet crude has ≤ 0.5% sulphur; sour > 0.5%. Refineries price the discount on sour crude into the differential.
- WTI vs Brent vs WCS. WTI (West Texas Intermediate, Cushing OK) is the U.S. light-sweet benchmark; Brent (North Sea) is the global light-sweet benchmark; WCS (Western Canadian Select) is the heavy/sour benchmark for Canadian production.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Oil equivalent (BOE)
Oil
Natural gas
NGL
Copper uses kt Cu bands (Mlb Cu when lb-scale copper resources appear on featured projects). Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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