Occidental Signs Long-Term CO₂ Offtake Agreements to Support Enhanced Oil Recovery Operations

(NYSE:OXY) Occidental announced it has signed long-term agreements with two companies to secure CO₂ captured from third-party natural gas processing facilities in the Delaware Basin for use in its enhanced oil recovery (EOR) operations in the Permian Basin. The two project developers will be responsible for funding and building the infrastructure required to capture, transport, and deliver the CO₂ to Occidental. The agreements cover two separate projects in the Delaware Basin, which are expected to collectively capture and transport approximately 2 million metric tons of CO₂ annually from both existing and new natural gas processing plants. These projects have the potential to expand up to 4 million metric tons per year combined. The projects are subject to final investment decisions, and initial shipments of CO₂ to Occidental are anticipated to begin in 2029. Vishal Gupta, President and General Manager, EOR Ventures, Occidental, stated that securing reliable, long-term sources of CO₂ supports Occidental’s advanced recovery strategy to extend the productive life of existing fields and enhance recovery across its conventional and unconventional resource base. Gupta also noted that the projects, once operational, will help diversify Occidental’s CO₂ supply, improve access to cost-effective resources, and create infrastructure that can connect additional carbon capture projects over time. Federal 45Q incentives are cited as an important support for these investments. The projects include the combined development of nearly 100 miles of new CO₂ pipeline infrastructure in the Delaware Basin, which will connect to the existing CO₂ pipeline network supplying the Permian Basin and extend CO₂ access across the Delaware. The pipelines are being designed with additional capacity to allow natural gas processing facilities and other sources of industrial CO₂ to interconnect and to support future conventional and unconventional recovery opportunities for Occidental. Occidental is also pursuing offtake from additional third-party sources of anthropogenic CO₂. The company primarily operates in the United States, the Middle East, and North Africa.

Occidental Announces Third Quarter 2026 Results

(NYSE:OXY) Occidental announced its third quarter 2026 financial results. The earnings release and accompanying financial schedules are available on the Investor Relations section of the company’s website at oxy.com and on the U.S. Securities and Exchange Commission’s website at sec.gov. Occidental will hold a conference call to discuss the results on Tuesday, November 10, 2026, at 1 p.m. Eastern/12 p.m. Central. The conference call can be accessed by calling 1-866-871-6512 for domestic callers or 1-412-317-5417 for international callers, or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10212000/104e317d980. A recording of the webcast will be posted on the Investor Relations section of the company’s website following the call. Occidental is described as an international energy company that produces, markets, and transports oil and natural gas. The company leverages its global leadership in carbon management to advance lower-carbon technologies and products. Occidental is headquartered in Houston and primarily operates in the United States, the Middle East, and North Africa.

Occidental Announces Dividend

(NYSE:OXY) Occidental announced that its Board of Directors has declared a regular quarterly dividend of $0.28 per share on common stock. The dividend is payable on January 15, 2027. Stockholders of record as of the close of business on December 10, 2026, will be eligible to receive the dividend. The announcement specifies the dividend amount, payment date, and record date. No additional financial or operational figures are disclosed in this announcement. No named executives or quoted remarks are included in the release. No project, asset, or product names are mentioned. No license, permit, or court-case identifiers are provided. No counterparties, agencies, or courts are referenced. The notice does not mention any locations.

Occidental Announces First Quarter 2026 Results

Occidental (NYSE: OXY) announced its first quarter 2026 financial results. The earnings release and financial schedules are available on the company's website and the U.S. Securities and Exchange Commission’s website. Occidental will hold a conference call to discuss the results on May 6, 2026, at 1 p.m. Eastern/12 p.m. Central. The company describes itself as an international energy company that produces, markets, and transports oil and natural gas, and leverages global leadership in carbon management. Occidental is headquartered in Houston and primarily operates in the United States, the Middle East, and North Africa.