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Occidental Petroleum Corporation (SWOT Analysis) - July 2013

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“SWOT is an acronym for the internal Strengths and Weaknesses of a firm and the environmental Opportunities and Threats facing that firm. SWOT analysis is a widely used technique through which managers create a quick overview of a company’s strategic situation. The technique is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats). A good fit maximizes a firm’s strengths and opportunities and minimizes its weaknesses and threats. Accurately applied, this simple assumption has powerful implications for the design of a successful strategy.”

Occidental Petroleum Corporation

Occidental Petroleum Corporation (Occidental or the company) is an international oil and gas exploration and production company and also a chemical manufacturer. The company operates in the US and also has operations in Bahrain, Bolivia, Colombia, Libya, Iraq, Oman, Qatar, the UAE, and Yemen. It is headquartered in Los Angeles, California and employed approximately 12,300 people as on December 31, 2012.

Strengths, Weaknesses, Opportunities and Threats (SWOT)

Location of Factor

TYPE OF FACTOR

Favorable

Unfavorable

Internal

Strengths

  • Strong market position
  • Increasing oil and gas reserves

Weaknesses

  • Lack of scale
  • Concentration of operations in the US

External

Opportunities

  • Al Hosn Gas Project
  • Increasing natural gas business in the US

Threats

  • Exploration risks
  • Governmental actions and political instability
  • Environmental compliance and regulation
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