Founded in 1909, Occidental Petroleum (Oxy) is an international energy company with assets primarily in the United States, the Middle East and North Africa. Oxy has developed extensive assets, infrastructure, expertise and technology to fuel progress and improve lives around the world. In 2021, Oxy had a revenue of over $26.3B and 11,000+ employees.
In 2015, when the price of oil dropped suddenly and dramatically, Occidental Petroleum did not go into hibernation mode; instead, the company leveraged the Denodo Platform to radically transform its analytics capabilities, so it could more effectively respond to the changes.
The Denodo Platform uses data virtualization to establish a universal, real-time data-access layer across many of Occidental Petroleum's key data sources, including transactional sources and cloud-based sources. Leveraging the Denodo Platform, Occidental Petroleum established a cloud-based repository for industry subscription data, seamlessly covering multiple vendors, data types, and access protocols, and a logical data mart, streamlining organizational change by instituting standard data definitions across a wide variety of assets.
“The Denodo Platform has significantly changed the way we approach data, and the way we interact with users,” says Quinn Lewis, Occidental Petroleum's integration and platform services manager. “[The new analytics infrastructure] provides a common, shared platform for IT and the business side. The platform balances that quick response with a managed, governed approach, in a shared environment.”