BRIEF-Occidental Does Not Expect Higher Equipment And Services Costs To Have An Impact On Capex Budget Conf Call

Occidental Petroleum Corporation

Occidental Petroleum Corporation

OXY

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Occidental Petroleum Corp OXY.N:

  • OCCIDENTAL SAYS IDENTIFIED AN ISSUE RELATED TO NON-PROCESS COMPONENTS AT STRATOS FACILITY; DOES NOT EXPECT REPAIRS TO IMPACT CAPEX OUTLOOK: CONF CALL

  • OCCIDENTAL SAYS IT HAS COMPLETED CONSTRUCTION OF PHASE 2 OF STRATOS FACILITY: CONF CALL

  • OCCIDENTAL SAYS IT STOPPED HEDGING ACTIVITIES AFTER VOLATILITY INCREASED; DOES NOT INTEND TO ADD MORE HEDGES: CONF CALL

  • OCCIDENTAL SAYS OPERATIONAL CONSTRAINTS AT AL HOSN IN UAE BEGAN IN MID-MARCH AND ARE EXPECTED TO NORMALIZE BEFORE Q2 END: CONF CALL

  • OCCIDENTAL EXPECTS SULFUR SALES TO NORMALIZE IN THE SECOND HALF OF 2026 AFTER MIDDLE EAST WAR DISRUPTED LOGISTICS: CONF CALL

  • OCCIDENTAL INCOMING CEO RICHARD JACKSON SAYS WILL FOCUS ON NEAR-TERM EXECUTION AND CASH FLOW IMPROVEMENT: CONF CALL

  • OCCIDENTAL DOES NOT EXPECT HIGHER EQUIPMENT AND SERVICES COSTS TO HAVE AN IMPACT ON CAPEX BUDGET: CONF CALL

Source text: [ID:]

Further company coverage: OXY.N


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