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        Sustainability

        Principles of Governance

        Oxy management and its Board of Directors are committed to high standards of ethical conduct, institutional integrity and effective corporate governance in every part of our business as we create value to benefit our shareholders, communities and society as a sustainable energy leader.

        SUSTAINABILITY STRATEGY

        Oxy is progressing its vision as an innovative and sustainable energy leader with industry-leading initiatives and investments to enable a low-carbon future. As part of our commitment to sustainability in all facets of our business, Oxy strives to diligently identify and address our key ESG risks and opportunities. We integrate ESG criteria into our strategic planning and investment decision-making process and perform routine risk assessments to support readiness for emerging challenges and opportunities.

        Oxy’s 10 HSE Principles Underpin Our Operating Management System

        Health, Safety and Environmental (HSE) performance is fundamental to Oxy’s core values and to the success and sustainability of our business. In 1994, Oxy’s Board of Directors adopted 10 HSE Principles that set forth our enduring commitment across our worldwide operations to:

        1. Safeguard the health and safety of people and protect the environment using design procedures, work practices and employee training
        2. Correct operating conditions that have a significant adverse HSE impact
        3. Reduce waste generation and responsibly manage waste disposal
        4. Reduce pollutant releases to the environment
        5. Make efficient use of water and other natural resources
        6. Use energy efficiently
        7. Provide information on the safe use and disposal of Oxy's products
        8. Maintain a dialogue with neighboring communities about HSE concerns
        9. Keep Oxy's Board of Directors informed about HSE issues
        10. Report annually on Oxy's HSE performance

        Today, we’re implementing the Principles through our Operating Management System, reflecting our focus on leadership, operational excellence, risk management and continuous improvement. Our dedicated workforce recognizes that the programs, practices and technologies we deploy to promote health and safety, enhance air and water quality, and protect habitat and biodiversity also strengthen our business, improve our products and services, and advance our net-zero strategy.

        Sustainability Reporting Process and Alignment with Reporting Frameworks

        Oxy’s sustainability reporting process is informed by IPIECA's Sustainability Reporting Guidance and our performance disclosures are aligned with the Value Reporting Foundation using the SASB Standards for the Oil & Gas and Chemicals sectors and the American Chemistry Council’s Responsible Care® initiative. The World Economic Forum and its International Business Council’s (WEF-IBC) Four Pillars of Stakeholder Capitalism (Principles of Governance, Planet, People, Prosperity) represent key areas of strategic focus for Oxy, and they will guide our reporting as we continue to implement and enhance sustainable business practices and disclose performance.

         

        CORPORATE GOVERNANCE 

        Our senior management team and Board of Directors are committed to high standards of ethical conduct, institutional integrity and effective corporate governance in every part of our business. We are dedicated to respecting the environment, operating safely and upholding high standards of ethics and sustainability throughout the company's worldwide operations.

        Our governance policies are reviewed and updated periodically to reflect changing laws and regulations, evolving best practices and shareholder feedback. They generally align with the Investor Stewardship Group’s Corporate Governance Framework for U.S. Listed Companies.

         

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