“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) is an international oil and gas exploration and production company and also a chemical manufacturer. The company primarily operates in the US and has operations in countries including Qatar, Libya, Colombia, Yemen, Argentina, Oman, Canada, and the United Arab Emirates (UAE). It is headquartered in Los Angeles, California and employs about 10,400 people.