Occidental Petroleum Corporation — Ethics Grade F

Occidental Petroleum Corporation receives an overall ethics grade of F (18/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.

Category scores

• labor: 30
• privacy: 50
• consumer: 25
• environment: 10
• humanRights: 15

Documented incidents (3)

• Amazon Rainforest Contamination (high, 2015) — The company settled a lawsuit with indigenous Peruvians over claims of massive environmental contamination in the Amazon rainforest resulting from decades of oil production that affected local health.
• Toxic Waste Disposal (high, 2021) — OxyChem, a subsidiary, remains tied to the legacy of the Love Canal disaster through its acquisition of Hooker Chemical, involving decades of litigation over toxic waste sites.
• Climate Policy Opposition (medium, 2023) — Reported as one of the top corporate spenders on lobbying against climate change legislation that would limit oil and gas production growth.

Documented good deeds

• Direct Air Capture Investment — Investing heavily in direct air capture technology to remove CO2 from the atmosphere at scale.

Ethical alternatives

• Ørsted — Transitioned from coal to 100% renewable energy and is ranked as one of the most sustainable companies globally.