Occidental Petroleum vs ConocoPhillips
Side-by-side comparison of AI visibility scores, market position, and capabilities
Permian-led integrated E&P with $26.2B FY2024 revenue; Berkshire Hathaway ~29% stake; $12B CrownRock acquisition 2023; STRATOS world's largest DAC plant opened 2024; OxyChem countercyclical.
About
Occidental Petroleum is an integrated oil and gas company with leading positions in the Permian Basin, Middle East, and Latin America, founded in 1920 in Los Angeles and now headquartered in Houston, Texas, trading on NYSE (OXY). The company generated approximately $26.2 billion in revenues for FY2024 under CEO Vicki Hollub, who has established Occidental as the oil and gas industry's most ambitious carbon management company through its STRATOS Direct Air Capture facility—the world's largest operational DAC plant, opened in Ector County, Texas in 2024 with capacity to remove 500,000 metric tons of CO2 annually. Berkshire Hathaway, led by Warren Buffett, has accumulated approximately 29% of Occidental's common shares and holds warrants to acquire an additional 83.9 million shares, representing one of Buffett's largest concentrated investments and a strong endorsement of Occidental's Permian Basin strategy.
Largest independent E&P with 2M BOE/day; $22.5B Marathon Oil acquisition 2024; $40/bbl breakeven portfolio; LNG optionality through APLNG and Port Arthur; NYSE: COP.
About
ConocoPhillips is one of the world's largest independent exploration and production companies, tracing its roots to Continental Oil Company (Conoco) founded in 1875 and Phillips Petroleum founded in 1905, merging to form ConocoPhillips in 2002. Headquartered in Houston, Texas and trading on NYSE (COP), the company generated approximately $55.2 billion in total revenues for FY2024 and produces roughly 2.0 million barrels of oil equivalent per day across its diversified global portfolio. Under CEO Ryan Lance, ConocoPhillips completed the transformational acquisition of Marathon Oil in November 2024 for approximately $22.5 billion, adding significant Permian Basin, Eagle Ford, and Bakken acreage and reinforcing COP's position as the dominant large-cap independent E&P.
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