Saturday, August 2, 2025
U.S. shale output won't return to pre-pandemic levels: Occidental CEO

U.S. shale output won’t return to pre-pandemic levels: Occidental CEO

Reuters NEW YORK  – The oil industry is recovering from a collapse in demand triggered by the coronavirus pandemic, but U.S. shale production will not recover to levels seen before the pandemic, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday. “The recovery is looking really good to us. If you look at what’s happening in India as well as