Corporation and Environment Essay

1201 WordsJul 23, 20155 Pages
Occidental Petroleum Corporation (OXY): Occidental Petroleum Corporation which is also known as OXY is an American company for the production as well as exploration of petroleum products such as oil and gas currently in operation in many of the corners America, said that united States, south America and the Middle East region. The production services of OXY are not only confined to just these areas but it has been found to build and create a business network with its productions in many of the countries and states around the world. According to the equity market capitalization at the end of the year 2014, Oxy appears to be one of the largest and most successfully running oil and gas companies of the United States of America which has significance with regard to the standard of external and internal environment. Occidental's midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities in support of Occidental's businesses. Occidental has also introduced a wholly owned chemical manufacturing company named OxyChem, which is now standing as a major and most stably running as well as one of the most trust-worthy chemical manufacturing companies of the North America. Environment Safety: As it is company which basically deals with and processes different sorts of chemical materials for their production, which may be an ultimate source of a tremendous level of environmental pollution thus destroying the atmosphere, so, it has consciously adopted and practiced most appropriate safety measures to make the environment protected from any sort of risk. Oxy has upheld their standard in regard with the social responsibility, throughout company’s all of the worldwide operation being processed. (OXY, 2015) Occidental Petroleum corporation developed a chemical manufacturing industry in 1987 which is now

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