Investor Presentaiton
Reducing Operational Emissions
SCOPE 1
REDUCING GAS FLARING IN THE PERMIAN
In Occidental's New Mexico operations, a new gas gathering
system has dramatically reduced volumes of flared gas.
This gathering system reduces our reliance on third-party
takeaway capacity and avoids unscheduled flaring events
by facilitating the transfer of sales gas to multiple third-
party midstream companies.
SCOPE 3
FUEL SWITCHING IN UPSTREAM DRILLING OPERATIONS
RIG FUEL SWITCHING: EMISSIONS REDUCED
OXY
Our Tier 4 rigs, in direct
comparison to the typical
2017
2018
2019
8
Tier 2 diesel fuel-powered
-10
rig, have the advantage of:
-20
-27%
-26%
-27%
-30
96%
-40
(APPROX.)
-50
REPLACEMENT OF DIESEL USAGE WITH
-60
COMPRESSED NATURAL GAS (CNG)
-70
-80
+15%
ESTIMATED GHG EMISSION
DECREASE BY 2019
-91%
-90
-97%
-96%
-100
PERCENT
REDUCTION
Decrease in diesel
fuel utilization
SCOPE 2
REDUCING INDIRECT EMISSIONS: GOLDSMITH SOLAR PLANT
CREATION
CO₂e emissions reduced with
CNG fuel replacement
"OCCIDENTAL IS TAKING AN IMPORTANT STEP TOWARD
REALIZING OUR ASPIRATION TO BECOME CARBON
NEUTRAL THROUGH THE USE OF EMISSIONS-FREE SOLAR
ELECTRICITY. USING SOLAR ENERGY IN OUR OPERATIONS
IS ANOTHER WAY OXY LOW CARBON VENTURES IS
ENHANCING THE PROFITABILITY AND SUSTAINABILITY
OF OUR BUSINESS WHILE MEETING THE CHALLENGE OF
REDUCING ATMOSPHERIC GREENHOUSE GASES."
VICKI HOLLUB
PRESIDENT AND CEO
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