Western Midstream Partners’ (NYSE: WES) newly announced restructuring of its Delaware Basin natural gas gathering agreements with Occidental Petroleum and ConocoPhillips is not simply a contract amendment. It is a clear example of how midstream infrastructure is being redesigned to support the next phase of Permian development.
By combining low-cost barrels, advanced recovery, carbon infrastructure, and digital execution, Occidental is positioning itself not just for 2026 — but for whatever energy market follows next.
Occidental Petroleum delivered a strong operational quarter, marked by improved production, higher efficiency, and results that exceeded guidance across multiple basins. Operational execution—not higher commodity prices—was the primary driver, as performance gains came from better well productivity, stronger base production, and improved uptime across both onshore and offshore assets.
The Texas Commission on Environmental Quality (TCEQ) has approved a Permit by Rule (PBR) for the Goldsmith Landreth Deep Gas Reinjection Station, a new CO₂ injection and recycling hub under Rule 106.352 (Oil and Gas Production Facilities). The facility, registered to Occidental Permian Ltd., represents a strategic addition to Occidental’s Ector County enhanced oil recovery (EOR) operations.
OXY USA has advanced a coordinated infrastructure program in Reagan County’s Spraberry Trend Area that connects new wells, gathering systems, and supporting facilities across its Merchant, Amerigo, and Marco Polo leases.
Occidental Petroleum CEO Vicki Hollub shared a confident yet measured outlook for oil markets this week at the Energy Intelligence Forum in London, forecasting a period of price stability followed by a tightening market later in the decade. Hollub expects oil prices to remain within a $58 to $62 per barrel range through 2026, describing the near-term environment as relatively balanced. But beyond that horizon, she sees growing potential for upward movement. v
Occidental Petroleum (NYSE: OXY) is reportedly negotiating the sale of its OxyChem division in a deal that could top $10 billion, according to the Financial Times. If completed, the transaction would mark the largest divestiture in the company’s history — and reshape both Occidental’s balance sheet and the global petrochemical industry.
Occidental Petroleum (NYSE: OXY) has update, driven by robust fundamentals, operational excellence, and a balance sheet strengthened by aggressive debt reduction. OXY’s unique positioning at the intersection of traditional oil and gas strength and a forward-looking energy transition strategy.
Occidental Petroleum’s Q2 2025 earnings call showcased a company hitting its stride in Permian Basin drilling and completions. Even with softer oil prices, Oxy drove significant cost reductions, accelerated drilling cycles, and maintained production guidance—all while high-grading its portfolio and advancing AI-driven operational strategies.
When Vicki Hollub became the CEO of Occidental Petroleum nearly a decade ago, she made history as the first woman to lead a major U.S. oil and gas company. But her story isn’t just about breaking barriers—it’s about reshaping an industry at a time of global uncertainty, technological transformation, and mounting energy demand.
