- Occidental reported record annual production of 1.43 million BOEPD and reduced capital and operating costs by USD 575 million.
- The company completed the OxyChem divestiture and said it reshaped its portfolio toward U.S. unconventional and other domestic assets.
- Management said it expanded its resource base by 2.5 billion barrels of oil equivalent to about 16.5 billion.
- In a letter, CEO Vicki Hollub said STRATOS, a direct air capture facility, is expected to be online this year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OXY - Occidental Petroleum Corporation published the original content used to generate this news brief on March 20, 2026, and is solely responsible for the information contained therein.