Occidental Petroleum 2008 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2008 Occidental Petroleum annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

MIDSTREAM, MARKETING AND OTHER OPERATIONS
The midstream and marketing operations gather, treat, process, transport, store, trade and market crude oil, natural gas, NGLs,
condensate and CO2 and generate and market power.
Below is a description of midstream and marketing operations:
Location Description Annual Capacity

California, Colorado and
Permian Basin
Occidental-operated and third-party operated gas
gathering, treating, compression and processing
systems, and CO2 processing
1.680 billion cubic feet per day

Permian Basin Common carrier oil pipeline and storage system 350,000 barrels of oil per day
5.0 million barrels of oil storage
2,750 miles of pipeline
Permian Basin -
CO2 pipelines
Pipeline systems transporting CO2 to oil and gas
producing locations
1.425 billion cubic feet per day
Qatar - Dolphin Pipeline 24.5% equity investment in natural gas transport
pipeline
3.2 billion cubic feet of natural gas
per day (a)
Western and Southern United
States and Canada
Minority investment in partnerships involved in pipeline
transportation and storage and marketing of oil, gas
and related petroleum products
20,000 miles of pipeline and
gathering systems
23 million barrels of oil storage

Texas Purchases and markets Occidental and third-party oil,
gas and power
Not applicable

California, Texas and
Louisiana
Occidental-owned power and steam generation facilities
and 50% equity investment in a power generation
facility
1,800 megawatts per hour and 1.6
million pounds of steam per hour
(a) Capacity requires additional gas compression and customer contracts.
CAPITAL EXPENDITURES
For information on capital expenditures, see the information under the heading "Liquidity and Capital Resources — Capital
Expenditures" in the MD&A section of this report.
EMPLOYEES
Occidental employed approximately 10,400 people at December 31, 2008, 6,900 of whom were located in the United States.
Occidental employed approximately 6,200 people in the oil and gas and midstream and marketing segments and 3,100 people in the
chemical segment. An additional 1,100 people were employed in administrative and headquarters functions. Approximately 800 United
States-based employees and 200 foreign-based employees are represented by labor unions.
Occidental has a long-standing strict policy to provide fair and equal employment opportunities to all applicants and employees.
ENVIRONMENTAL REGULATION
For environmental regulation information, including associated costs, see the information under the heading "Environmental
Liabilities and Expenditures" in the MD&A section of this report.
AVAILABLE INFORMATION
Occidental makes the following information available free of charge through its web site at www.oxy.com:
ØForms 10-K, 10-Q, 8-K and amendments to these forms as soon as reasonably practicable after they are electronically filed with, or
furnished to, the Securities and Exchange Commission (SEC);
ØOther SEC filings, including Forms 3, 4 and 5; and
ØCorporate governance information, including its corporate governance guidelines, board-committee charters and Code of Business
Conduct. (See Part III Item 10 of this report for further information.)
Information contained on Occidental's web site is not part of this annual report.
5
ITEM 1A RISK FACTORS