Occidental Petroleum moving headquarters to Houston
Occidental Petroleum Corporation will move its corporate shop to Houston and spin off other assets into a new company.
Besides the new HQ, Occidental will have exploration and production operations in the Permian Basin and other parts of Texas, the company recently announced. No information was released about the timing of the move or how many employees will work at the Houston base.
The company also announced the creation of a new company comprised of the firm’s California assets, where it will be based.