Occidental Petroleum Corporation, founded in 1920 and based in Houston, Texas, explores, develops, and produces oil and gas properties across the United States, Middle East, Africa, and Latin America through three business segments: Oil and Gas, Chemical, and Midstream and Marketing. The Chemical segment produces basic chemicals, including vinyls and chlorine, while the Midstream and Marketing segment controls transportation and storage capacity, and invests in entities. The company trades and markets oil, natural gas liquids, condensate, carbon dioxide, and power.