California Resources Corporation

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Occidental Oil and Gas, based in Los Angeles, is a segment of the Occidental Petroleum Corporation. The company uses a three-part strategy in its operations, including enhanced oil recovery, exploration and acquisitions. It is involved in adding commercial reserves in and around its core assets in the United States, Middle East and Latin America through a combination of development and exploration programs. It explores commercial opportunities with host governments in core areas to enhance the development of mature fields with large volumes of remaining oil in place by applying technology and reservoir management practices. The company has a staff of trained geoscientists, engineers and financial professionals.