Occidental eyes debt reduction and shareholder returns over production

Company also announced expanded Permian basin joint venture with Ecopetrol

Unchanged plans: In spite of higher than expected profits, Occidental Petroleum will continue to target debt reduction and shareholder returns — Unchanged plans: In spite of higher than expected profits, Occidental Petroleum will continue to target debt reduction and shareholder returnsPhoto: AP/SCANPIX

Mark Passwaters

Houston

Occidental Petroleum Permian Basin Ecopetrol USA Vicki Hollub

Published 3 August 2022, 20:02Updated 4 August 2022, 09:14