We came across a bullish thesis on Occidental Petroleum Corporation (OXY) on Substack by Magnus Ofstad. In this article, we ...

Ironically, although carbon dioxide surrounds us, it’s hard to find it in concentrated form. Oxy for years has pumped CO2 out of the ground from naturally occurring reservoirs in Colorado and New ...

Vicki Hollub, Oxy’s president and chief executive ... which she announced the decision to build Stratos. In addition, most serious efforts that model how to limit global warming to two degrees ...

The company is leveraging Carbon Engineering’s Direct Air Capture system and has ambitions to replicate the STRATOS model across a network ... Through its Oxy Low Carbon Ventures arm and ...

but STRATOS' progress remains a key catalyst. Despite market concerns and geopolitical risks, OXY's undervaluation and potential for a 16.7% upside make it a compelling investment opportunity.

plus another $250 million from the roll-off of Stratos spending—and about $135 million in improved cash flow from interest expenses, he said, referring to 2026 cash flow improvements.

Looking to the second half of 2024, Hollub said construction is progressing on STRATOS, Oxy’s first direct air capture facility west of Odessa, and its Low Carbon Ventures team continues to ...

A drone view of the Stratos Direct Air Capture Facility, a joint venture between Occidental Petroleum, or Oxy, and asset manager BlackRock, is seen in Ector County in 2024. Credit: REUTERS/Adrees ...