Analysis: Occidental Petroleum Corporation

US:OXY

Why is Occidental Petroleum Corporation stock rising?

  • Stratos direct-air-capture plant full commissioning beginning around end-2026 and transition to operations in 2027.
  • Horn Mountain Gulf of America waterflood injection expected in second half 2028.
  • Three commercial unconventional CO2 EOR projects in the Permian expected online later in 2028-2029.
  • Full-year production guidance raised on stronger domestic new-well and base performance.

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