Occidental Petroleum Corporation (OXY)’s share was trading at $43.04 as of May 16 th. OXY’s trailing and forward P/E were 17.43 and 18.87 respectively according to Yahoo Finance.

Shah Arab field The Shah gas plant, located in the Liwa area about 180 kilometres southwest of Abu Dhabi, receives and processes fluids from the nearby Shah Arab sour gas field.

The capital spending reductions include a $300 million drop in peak spending for the Battleground project in the chemicals business, Occidental CFO Sunil Mathew told analysts May 8. OxyChem’s ...

Still, Oxy is planning on averaging $8.65 per barrel domestically, which we think can be accomplished after reported efficiency gains. While Oxy reduced capex, we were already anticipating a ...

After some $500 million invested (with BlackRock), this summer near Odessa, Texas, Oxy expects to start up its first plant to suck CO2 straight out of the air.

OxyChem is in the middle of a major investment cycle. The Battleground plant in La Porte, Texas, is undergoing a full modernization, with upgrades set to be completed by mid-2026.

Holocene’s pilot plant, which led to a $10 million contract with Google. Occidental Petroleum (Oxy) has purchased the direct-air-capture (DAC) company Holocene for an undisclosed sum.