Sunday, June 14, 2026

Occidental Using the Permian as a Yard-Stick for International Returns

Oxy has invested $2 billion in the Permian Occidental Petroleum (ticker: OXY) announced Monday ahead of its third-quarter earnings call that the company acquired producing and non-producing leasehold acreage in the Permian Basin from private sellers for approximately $2 billion. During OXY’s conference call today, it became clear that the company plans to use its Permian acreage as the benchmark