Largest in the Permian Basin Occidental is the largest operator and producer of oil in the

Permian Basin with an approximate 12 percent net share of the

total oil production in the basin. The Permian Basin accounts for

approximately 16 percent of total U.S. oil production.

Dominant Permian Acreage HolderOccidental is one of the largest acreage holders in the Permian

Basin with approximately 2.5 million net acres.

CO2 EOR Leader Occidental is the largest injector of carbon dioxide (CO2 ) in the

Permian Basin, injecting an average of 2.0 billion cubic feet per day.

We are an industry leader in applying this enhanced oil recovery (EOR)

technology, with 31 active floods and over 40 years of experience.

Occidental’s Permian Basin operations, Hobbs, New Mexico

New Mexico Fast FactsOccidental Petroleum 2017

7For additional information, refer to Occidental’s 2016 Form 10-K, available at oxy.com | Published May 2017

Active Development Program In Eddy and Lea counties, Occidental has an active drilling program

and is pursuing multiple horizons with horizontal and directional

wells. Occidental believes our acreage position will allow for many

years of development.

210% Permian Reserve Replacement

In 2016, Occidental replaced about 210 percent of its Permian

Basin production, with Permian Resources, its high-growth

unconventional drilling asset, replacing 290 percent of its

production. Occidental’s total company reserve replacement

ratio was 189 percent in 2016.

More than $166 Mil l ion in Royalt ies and Taxes In 2016, Occidental paid $125 million in royalties on production

from its New Mexico oil and gas properties, and more than

$41 million in New Mexico state, local and payroll taxes.

Local Workforce At year-end 2016, Occidental had approximately 11,000 employees

and contractors in the Permian Basin and over 33,000 worldwide.

Occidental employees in New Mexico have worked for the company

an average of nine years.

Training Excel lence Occidental’s Midland Technical Training Center provides

employees and contractors a real-world training environment

to drive operational excellence, consistency, collaboration and

safe work practices.

Leader in Safety Our 2016 employee and contractor Injury and Illness Incidence

Rate (IIR) of 0.28 is less than one-tenth of the current U.S. private

industry average IIR of 3.0 published by the U.S. Bureau of

Labor Statistics.

Local Investment Occidental plans to invest an estimated $550 million over the next

several years for additional CO2 flood expansions in both the North

and South Hobbs units.

Wildl i fe Conservation Occidental voluntarily enrolled approximately 640,000 acres and

committed more than $3 million toward conservation plans in the

Permian Basin to protect the Lesser Prairie Chicken, a candidate

species for listing under the Endangered Species Act, and the

Dunes Sagebrush Lizard.

Habitat Conservation Occidental has been recognized by the U.S. Bureau of Land

Management and the Restore New Mexico program for its

habitat restoration efforts on the Todd Lower San Andres Unit in

New Mexico.

Industry Col laboration for Safety Occidental is a founding member of the Joint Industry Technical

Committee, which brings New Mexico oil and gas and potash mining

operators together to work with state and federal agencies

in promoting legislative guidance to ensure safe and profitable

co-development.

Social ly ResponsibleOccidental strives to be a good neighbor in all of the communities

where we operate. Our New Mexico employees volunteer for the

United Way of Lea County and the American Cancer Society,

among others.

Partner of Choice® Occidental is committed to providing safe, healthy and secure

workplaces; protecting the environment; maintaining high ethical

standards; upholding and promoting human rights; and respecting

cultural norms and values, everywhere we operate.