Occidental Petroleum’s conventional oilfields in the Permian basin of west Texas have been producing for decades.

EOR will be essential in U.S. energy security as reservoirs currently supplying U.S. oil will peak in the coming few years, said Vicki Hollub, Oxy president and CEO.

Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub said the Trump Administration lacks a detailed energy plan that goes beyond simply having passion for energy independence.

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Yet on Occidental’s earnings call this week, CEO Vicki Hollub changed the tune, saying that injecting CO 2 into wells to force out more oil was imperative to boosting oil production.

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The U.S. Energy Information Administration (EIA) projects U.S. crude oil production will peak around 14 million bpd in 2027.

Earnings per share came in at $1, beating an analyst estimate of $0.74. CEO Vicki Hollub said strong operational performance across all segments has resulted in the company registering its highest ...