Investor Presentaiton
Occidental Carbon Management Timeline
OXY
1972
CO2-EOR initiated in
Crane/Upton Counties,
TX
1983
Denver Unit begins CO2-
EOR operations
2000
Acquired Altura
Energy, a leading
CO2-EOR operator
in the Permian
2008
Original 45Q tax credit
for carbon storage and
use established
2010
CO2 Century Plant came
online with the capacity
to capture 8+ Mtpa
2015
Denver Unit CO2 field
MRV approved, the first
by the US EPA
2017
Hobbs CO2 field
MRV approved, the
second by US EPA
2018
2019
O
2020
•
Expanded 45Q (Future Act) changes
•
Invested in Carbon Engineering
approved by Congress, incentivizing
carbon capture
•
Invested in XCHG to create global
•
marketplace for carbon credits
•
Established Low Carbon Ventures
group
•
Board created Sustainability and
•
Shareholder Engagement Committee
•
Joined Oil and Gas Climate Initiative
•
Goldsmith Solar Facility successful startup
•
White Energy capture project
feasibility study announced
Goldsmith Solar and Oman projects
announced
•
•
Invested in Cemvita, a biotech startup
focused on bioengineered pathways for CO2
utilization
•
•
Formed Terra Lithium JV
•
Invested in NET Power
•
Published first climate report
•
OLCV forms Technical Advisory Services to
support CCUS projects around the world
CARB applications for fuel pathways and
permanence submitted
•
•
Carbon Finance Labs formed
1PointFive development company created to
deploy Carbon Engineering's DAC technology
Sequestration business formed to finance,
develop, operate, and maintain CO2
sequestration hubs in the US
45Q extended by 2-years to 2026; USE-IT act
approved
Announced 2050 net-zero ambition and
strategy for Scope 1, 2, 3 in climate report
•
OLCV awarded Project Tundra carbon storage
consulting services contract
First US Oil & Gas Company to endorse the
World Bank's zero-flaring by 2030 initiative
2021
•
Obtained third MRV with West
Seminole San Andres Unit
First ever Carbon-Neutral Oil
shipment
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