The oil and gas industry has entered a new era, where energy companies are not only measured by their production capabilities but also by their commitment to sustainability and carbon management. Occidental Petroleum (Oxy) is at the forefront of this transition, leveraging innovative technologies like Direct Air Capture (DAC) and Carbon Capture and Sequestration (CCS) to reduce its carbon footprint while enhancing operational efficiency in the Permian Basin. Let’s dive into Oxy’s approach and its outlook for these cutting-edge projects.

In their third quarter 2024 earnings report, Occidental Petroleum (Oxy) demonstrated their commitment to enhancing well performance and production efficiency, particularly in the Permian Basin. The company’s strategic focus on advanced drilling techniques, real-time data utilization, and refined well planning has positioned them to deliver strong results, even in challenging market conditions.