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Occidental Petroleum Company History Timeline

1920
The company was founded in 1920 and is headquartered in Los Angeles, CA.
1964
Occidental has been publicly traded on the New York Stock Exchange since 1964.
1983
More than 1.2 billion total barrels of oil have been produced at Colombia s Ca o Lim n Field since it was discovered by Occidental in 1983.
1987
2. OxyChem was established in 1987.
1998
1998 Occidental became the largest natural gas producer in California with the purchase of the United States Department of Energy s 78-percent interest in Elk Hills Naval Petroleum Reserve in Kern County.
2000
2000 The purchase of Altura Energy, Ltd., in the Permian Basin of West Texas and southeast New Mexico made Occidental the largest oil producer in Texas.
2002
Occidental has been a participant in the Dolphin Gas Project since 2002.
2004
2004 Occidental signed a new production-sharing contract for the Mukhaizna Field, one of the largest in Oman.
2006
2006 Occidental acquired production assets from Vintage Petroleum in Argentina, Bolivia, California and the Middle East.
2007
2007 The Dolphin Gas Project, one of the largest energy projects ever undertaken in the Middle East, became fully operational.
2008
2008 Occidental signed agreements for various projects in the Middle East region, including an agreement to develop gas fields and to explore for potential new discoveries in the Sultanate of Oman.
2009
2009 Occidental and Mubadala Development Company Mubadala with the National Oil and Gas Authority of Bahrain NOGA started operations for the further development of the Bahrain Field.
2011
2011 Occidental acquired a 40-percent participating interest in the Al Hosn Gas Project.
2012
2012 Occidental s cryogenic gas plant at Elk Hills came online in July, improving operational efficiency and production, and enhancing liquids yields.
2013
In 2013, Occidental achieved average worldwide oil and gas production of 763,000 barrels of oil equivalent BOE per day.
Occidental returned 1.6 billion to shareholders in 2013 in the form of dividends.
2014
2014 Occidental announced it reached a definitive agreement to sell its Hugoton Field assets.
Founded
1920
Company Founded
Headquarters
Houston, TX
Company Headquarter

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