Tue. Oct 8th, 2024

The Houstonian Review

Reviewing Only The Best of Houston

Occidental shakes up spending plans for Permian, Gulf of Mexico, more in 2024

1 min read

Occidental Petroleum Corp. (NYSE: OXY) is investing about $320 million less in its onshore unconventional assets for 2024, instead focusing on enhanced oil recovery and midstream in the Permian Basin, its Gulf of Mexico assets, and OxyChem. The company also has an update on shut-in Gulf of Mexico production and direct air capture plans.

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