Occidental posts profit, but holds steady on capex, debt reduction plans

Chief executive Vicki Hollub says company intends reduce debt beyond set goal of $25 billion

Strong quarter: Occidental Petroleum chief executive Vicki Hollub — Strong quarter: Occidental Petroleum chief executive Vicki HollubPhoto: REUTERS/SCANPIX

Mark Passwaters

Houston

Occidental Petroleum Vicki Hollub Anadarko Petroleum Colorado Delaware basin

Published 5 November 2021, 20:56Updated 9 November 2021, 17:55