Occidental Petroleum

Houston, Texas
Energy

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Occidental Petroleum is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. Occidental Petroleum occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Occidental Petroleum has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Occidental Petroleum’s charitable giving focuses on these main areas: “public health and safety, education, social services such as food security, military and veterans, environment, and arts and culture” (1). The company’s employee match program matches donations to educational and cultural organizations. Religious organizations are ineligible (2). Occidental Petroleum likely uses Benevity as its charitable giving platform. Benevity vets charities according to the Southern Poverty Law Center’s Hate List, which includes mainstream libertarian, conservative, family, and religious advocacy organizations (3)(4)(5).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

Occidental Petroleum does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Occidental Petroleum’s CEO released a statement on racial justice and diversity emphasizing “gender, gender identification, and sexual orientation” (1). Otherwise, there are no publicly known cases of the company using its reputation to advance ideological causes or policies (2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Occidental Petroleum is a corporate partner of the National LGBT Chamber of Commerce (NGLCC) (1). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (2).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level
Rationale

Occidental Petroleum has not used its PAC donations or lobbying for ideological purposes (1)(2)(3).

Board Bias

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CEO of Occidental Petroleum

Vicki A. Hollub

Vicki A. Hollub

Summary:

Headquartered in Houston, Texas, Occidental Petroleum is a member of the Fortune 250 operating in the Energy industry. Vicki A. Hollub and Jack B. Moore serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $217,005 to Republican causes and $32,275 to Democratic causes. Under their tenure, Occidental Petroleum currently holds a 'Medium Risk' risk rating.

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Political Contributions of Leadership:

$217,005

$32,275

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/2/24SocialJohn CheveddenTransparency in LobbyingAgainst14.47%
5/5/23GovernanceJohn CheveddenIndependent Board ChairmanAgainst7.70%
5/6/22EnvironmentalFollow ThisReport om Quantitative Short, Medium, and Long-Term GHG Emissions Reduction TargetsAgainst16.51%
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