The U.S. Environmental Protection Agency has issued a first-of-its-kind permit in Texas that will allow an oil company to inject and store carbon dioxide thousands of feet underground. Oxy Low ...

The permits allows Occidental to use its expertise managing large quantities of CO₂, while advancing technology that strengthens US energy security.

Oil giant Occidental has plans to sell carbon removal credits from huge new direct air capture projects in Texas. That has Indigenous and environmental groups worried about the climate tech giving ...

Occidental’s tax break applications include new details about its carbon removal plans, which some experts see as important to countering climate change. Some environmentalists say the ...

Occidental Petroleum Corporation, a Houston-based oil firm, will start storing 500,000 metric tons of carbon dioxide in deep, non-permeable rock formations 4,400 feet underground as soon as this year.

Because Texas has no income tax, the state depends on property taxes to fund schools and other services, she noted. The tax abatements in question, known as Chapter 313 agreements, allow a company ...

EPA has issued the first permits in Texas for geologic storage of carbon dioxide. On Monday, the agency’s Region 6 office announced it has issued final Class VI permits to a Occidental Petroleum ...

Occidental plans to pump an average of 8.5 million metric tons of carbon dioxide into the wells, storing the gas about 4,400 feet below the surface. West Texas residents protested against a ...

Occidental's Low Carbon Ventures LLC arm formed 1PointFive with venture capital firm Rusheen Capital Management to license, finance and deploy direct air capture (DAC) technology, a method of ...

Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million, it said in a statement.

Occidental Petroleum's 1PointFive subsidiary awarded up to $500M by U.S. Department of Energy to support development of South Texas Direct Air Capture Hub.

Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million, it said in a statement.