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HOUSTON, May 16, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) and its subsidiary 1PointFive today announced an agreement with XRG, ADNOC's investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million for the development of a DAC facility designed to capture 500,000 tonnes of carbon dioxide per year.
Occidental's 2025 plan shows rig reductions are driven by efficiency, not production cuts, with volumes maintained and well costs declining. Despite improved free cash flow prospects from non-oil projects in 2026, meaningful shareholder returns are unlikely before 2027. Occidental's balance sheet and shareholder returns lag peers, making it less attractive than majors like Chevron, Exxon, or Shell for diversified exposure.
Well, we finally got the news everyone was kind of half-expecting (and half-hoping wouldn't be true for a long time to come).
Buffett expects to own some stocks indefinitely—and one of those stocks looks cheap today.
The world of energy is changing. Electrification is in, and gas engines are on the way out.
Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Occidental Petroleum (OXY 1.69%) and Energy Transfer (ET 1.01%) are popular income stocks for energy-focused investors. Occidental, also known as Oxy, is a leading oil and gas producer.
Occidental Petroleum reported strong Q1 results. Acquisitions are made to improve results. However, benefits may take time to materialize. Effective management sets and often exceeds goals.
Warren Buffett's company, Berkshire Hathaway (BRK.A 0.18%) (BRK.B 0.09%), has invested nearly $280 billion into other publicly traded companies. One of its top holdings is Occidental Petroleum (OXY 1.69%).
These 10% yielders combine safety, growth, and big upside potential—perfect for living off dividends in retirement. Both are fully covering their dividends with cash flow and trade at attractive valuations—grab them while they're cheap. We also look at the risks facing each of them.