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Occidental Petroleum
| Headquarters location: 10889 Wilshire Boulevard Los Angeles, CA 90024 |  | Tel. 310 208-8800 Job offers, investor relations: www.oxy.com Email: oxyweb@oxy.com Stock:  |
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Occidental Petroleum belongs to |
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« ETHICAL » RATING OF OCCIDENTAL_PETROLEUM
, group
and subsidiaries
[ ?] |
| Human: 2 violation(s) of fundamental human rights |
| Environment: 3 major pollution(s) |
| Tax haven, secret bank account, shell companies: operates in 2 offshore financial center(s) |
| Net profit: more than 6 billion(s) dollars/euros in cumulated net profit since 1998 |
| Top management: earns 10023 times the median income in the United States (32000 US$/year) |
| Influence: 5 act(s) of direct corruption or lobbying |
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Relevance: business & market share |
year | business source |
| 2005 | Occidental Petroleum is the fourth-biggest U.S. oil company. | Bloomberg  |
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World locations & Manufacturing |
Occidental Petroleum is managed by |
| year name | photo position; compensation source |
| 2006Irani, Ray R |  Chief Executive Officer; stock-options: 321 million US$; |
| 2005Irani, Ray R | Chief Executive Officer; salary: 49 million US$; stock-options: 37.6 million US$; |
| 2003Chazen, Stephen | Chief Financial Officer; salary: 6.57 million US$; stock-options: 0.58 million US$; |
| 2001Irani, Ray R | Chief Executive Officer; salary: 8.9 million US$; stock-options: 1.7 million US$; |
| 2001Laurance, Dale | Chairman; salary: 5.5 million US$; stock-options: 0.16 million US$; |
| 1998Irani, Ray R | Chief Executive Officer; salary: 104.52 million US$; |
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| year | employees <> | social impact : country source |
| 2003 | 7133 | |  |
| 2002 | 8235 | | |
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| year | country : consequences source |
| 2007 | Peru : Oxy dumped nine billion barrels of untreated “formation waters”, a by-product of the oil drilling process containing a variety of toxins and carcinogens, directly into the Achuar’s pristine tropical rainforest territories in Peru. Based on information gathered by a team of experts in May 2006 – including a doctor, nurse, lawyers, soil scientist, agronomist, environmental engineer, and chemist - the report found: *Oxy dumped an average of 850,000 barrels per day of toxic oil by-products directly into rivers and streams used by the Achuar for drinking, bathing, washing, and fishing. *Oxy used earthen pits, prohibited by U.S. standards, to store drilling fluids, crude oil, and crude by-products. These pits, dug directly into the ground, were open, unlined, and routinely overflowed onto the ground and into surface waters, leaching into the surrounding soil and groundwater. *Oxy violated several international rights norms – including several in the American Convention on Human Rights and the International Convention on Civil and Political Rights – in its actions on Achuar territory, including the right to life, the right to health, the right to a healthy environment, and indigenous people’s rights. *Oxy violated Peru’s General Water Law and General Health Law, as well as environmental statutes meant to be applied in the hydrocarbon sector. Oxy’s cost-cutting and deliberate use of substandard technology exposes it to civil demands from the Achuar, both in Peru and the United States. | Earthright. |
| 2004 | Nicaragua : Incriminée dans l'intoxication de travailleurs dans des bananeraies nicaraguayennes | AFP |
| 1997 | : Agreed to pay $41,5 million in an out-of court settlement following a joint action lawsuit brought by banana workers in Central America and the Philippines. | Ethical Co. |
| 1988 | Scotland : Fire and oil leak on the Plate-forme Piper Alpha | |
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| year | purpose : intermediary/lobby : institution source |
| 2000 | Investment protection and market access (to Mexico and Canada through NAFTA), to Latin America (through FTAA). : Business Roundtable : : US government, senate, congress translate | Center for. |
| 1999 | Market access and investment protection (through WTO, GATS), avoid social and environmental rules : ICC (International Chamber of Commerce) : : WTO, GATS translate | Corporate . |
| 1998 | Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 161 thousand US$ : US President, Congress, Senate translate | Center for. |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 175 thousand US$ : US President, Congress, Senate translate | Center for. |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 2260 thousand US$ : US President, Congress, Senate translate | Center for. |
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| year | | sales | income | | buyback | source |
| 2007 |
| | | | 55 | million shares | |
| 2003 |
| 9.33 | 1.53 | | | billion US$ | |
| 2002 |
| 7.34 | 0.99 | | | billion US$ | |
| 2001 |
| 13.99 | 1.15 | | | billion US$ | |
| 2000 |
| 13.57 | 1.57 | | | billion US$ | |
| 1998 |
| 6.6 | 0.36 | | | billion US$ | |
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