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Occidental Petroleum
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International oil and gas exploration and production company

Founded in 1920
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Company type Public Public ()
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TRL Range
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Houston, TX Houston, United States
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Updated by Cleantech Group on 11/14/2023

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  • 1 M&A items
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Date Company
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Date Partner Type
06/04/2024
TerraLithium TerraLithium
Occidental BHE Renewables formed a joint venture for the demonstration and deployment of TerraLithium’s Direct Lithium Extraction (DLE) and associated technologies to extract and commercially produce high-purity lithium compounds from geothermal brine.
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Confirmed by TerraLithium
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IPO INFORMATION

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Description

Date Investors Type Amount
11/09/2023 BlackRock BlackRock (1)
Post-money valuation of
BlackRock, Oxy to take joint ownership of Stratos carbon plant. Plant will be biggest globally to pull carbon out of the air.
Project Finance $550,000,000
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