Occidental Petroleum Corporation — Ethics Grade D+

Occidental Petroleum Corporation receives an overall ethics grade of D+ (38/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.

Category scores

• labor: 55
• privacy: 85
• consumer: 40
• environment: 20
• humanRights: 45

Documented incidents (3)

• Ecuador Treaty Violation (high, 2016) — Occidental was awarded $1 billion in damages against Ecuador after the government seized its assets, though activists point to massive regional environmental degradation during its tenure.
• Excessive Methane Flaring (medium, 2020) — Reports indicated Oxy had some of the highest flaring rates in the Permian Basin, contributing significantly to greenhouse gas emissions and local air pollution.
• PFAS Contamination Lawsuits (high, 2023) — OxyChem has faced numerous lawsuits regarding the manufacturing and discharge of 'forever chemicals' that have contaminated local water supplies.

Documented good deeds

• Carbon Capture Leadership — Construction began on STRATOS, the world’s largest direct air capture plant, aimed at removing atmospheric CO2.

Ethical alternatives

• Neste Oyj — Leader in renewable diesel and sustainable fuels with higher ESG ratings.