Wednesday, August 5, 2026
Occidental CEO Richard Jackson outlines long-term growth strategy after strong Q2- oil and gas 360

Occidental CEO Richard Jackson outlines long-term growth strategy after strong Q2

(World Oil) – Occidental President and CEO Richard Jackson used the company’s second-quarter earnings release to reinforce a strategy centered on maximizing existing assets, strengthening the balance sheet and delivering long-term free cash flow growth through disciplined execution. “Our second quarter results demonstrate the strength of Oxy’s resources and the competitive advantages that position us for continued value creation,” Jackson said. He said

Proposed Hormuz deal would give Iran control of inbound traffic, sources say- oil and gas 360

Proposed Hormuz deal would give Iran control of inbound traffic, sources say

(Investing) – DUBAI/RIYADH – A proposed deal between Iran and Oman to help end five months of war between Iran and the United States would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, one of the biggest concessions yet to Iran. There was no

US upstream oil and gas second-quarter dealmaking dives on volatility - oil and gas 360

US upstream oil and gas second-quarter dealmaking dives on volatility

(BOE Report) – Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second quarter of this year as volatile oil prices tempered investor confidence, analytics firm Enverus said on Wednesday. “Crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated valuations, which pushed announced

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 2.5 million barrels

Weekly Crude Oil Storage as of July 31, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.5 million barrels from the previous week.  At 407.0 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,