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.

Occidental Permian Ltd. (Oxy) is expanding its footprint in Gaines County, Texas, with the planned addition of a mud plant adjacent to its existing Seminole Gas Processing Plant. According to filings with the Texas Commission on Environmental Quality (TCEQ), the new facility is being permitted under a Permit by Rule (PBR) application, submitted on July 16, 2025 and currently listed as pending.

Occidental Petroleum is proving that efficiency, innovation, and sustainability are not mutually exclusive. Through disciplined capital deployment, bold M&A, and groundbreaking technology adoption, Oxy is setting a new benchmark in shale leadership.

The U.S. oil and gas sector has defied the odds for over a decade—unlocking shale, scaling production, and securing global energy influence. But that growth engine may be running out of steam. According to Occidental Petroleum CEO Vicki Hollub, unless the industry embraces artificial intelligence and carbon capture technologies on a larger scale, domestic oil output could hit a production plateau as early as 2027.

Despite reducing its full-year capital expenditure guidance by $200 million and cutting domestic operating costs by $150 million in Q1 2025, Oxy continues to maintain — and even expand — its drilling footprint in the Permian Basin.