Occidental hails record-setting Permian well and strong Rockies and Gulf production

US multinational will hold off on increased spending in Permian and US Gulf in 2023 while focus on shareholder returns continues

‘Highly encouraged’: Occidental chief executive Vicki Hollub is optimistic about the company’s performance in the Delaware Basin. — ‘Highly encouraged’: Occidental chief executive Vicki Hollub is optimistic about the company’s performance in the Delaware Basin.Photo: RACHEL CZECHOWSKYJ/UPSTREAM

Mark Passwaters

Houston

Occidental Petroleum Permian Basin DJ basin Americas North America

Published 10 November 2022, 08:03Updated 15 November 2022, 15:26