Occidental Petroleum Corp. will reduce spending on US shale operations as it seeks to improve cash flow to repay debt, resulting in largely flat production this year. OXY USA Inc. ranks #4 in wells drilled in 2023 with 590 wells drilled in the US
Occidental (NYSE:OXY) announced on Monday it will acquire CrownRock and its significant Permian basin assets in a deal valued at around $12B.
OXY USA Inc explores for, develops, produces, and markets crude oil and natural gas. Oxy is one of yje top Operators in the Delaware Basin.
Oxy is in talks to buy closely held shale driller CrownRock LP, which is managed by Crownquest
Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2 billion, or $1.20 per diluted share, and adjusted income attributable to common stockholders of $1.1 billion, or $1.18 per diluted share.
Occidental Petroleum formally unveiled the project it now calls “Stratos,” a direct air capture (DAC) facility foundational to the company’s future ambitions. Oxy was also approved by the Railroad Commission of Texas for a 7 mile CO2 export pipeline in Ector County Texas.
Permian (Basin) still has enough additional oil to develop that will continue to grow over the next few years – Vicki Hollub
Occidental Petroleum Corp. has signed a deal to buy Canadian company Carbon Engineering Ltd. for US$1.1 billion.
Permian, Rockies & Other Domestic and Gulf of Mexico daily production volumes all exceeded guidance at 582 Mboed, 273 Mboed and 135 Mboed, respectively.
80 percent of Occidental’s production is in the United States delivered higher operability and better-than-expected new well performance particularly in our two new drilling space units in New Mexico.
