Occidental Petroleum

Texas
Energy

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Occidental Petroleum, an American oil company, does not provide viewpoint protections for its employees. However, the company has not publicly terminated business relationships based on views or beliefs. Occidental Petroleum's CEO has advocated for racial justice and diversity is a corporate partner of the National LGBT Chamber of Commerce (NGLCC). The company will not match employee donations to religious organizations but has not used its political contributions for ideological purposes. For these reasons, Occidental Petroleum receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to 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 fired customers, suppliers, or vendors based on political views or religious beliefs.

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). Occidental Petroleum’s employee match program matches donations to educational and cultural organizations. Religious organizations are ineligible (2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

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 ideological causes and/or organizations 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).  

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 Occidental Petroleum using corporate funds to advance ideological causes, organizations, or policies (2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

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

All links were last accessed and all information was updated on:
December 8, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
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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