OXY: Less "Dirty"

with move into CO2 Sequestration…

Occidental signs four-year deal to sell carbon credits to Airbus

https://seekingalpha.com/news/3815067-occidental-signs-four-…

https://seekingalpha.com/pr/18715049-1pointfive-announces-ag…

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Addendum: By injecting more CO2 into their existing Permian Basin reservoirs, OXY will recover more oil.

OXY CFO (former head of EOR business) recently spoke to OXY’s carbon capture business at a Morgan Stanley event on March 2 (requires sign-in):
https://morganstanley.webcasts.com/starthere.jsp?ei=1531174&…

His comments specific to CO2 capture business starts at 11:30 min. He describes the idea of producing “a carbon neutral or carbon negative barrel of oil”.

OXY will be hosting an investor day on Wednesday highlighting their Low Carbon ventures:
https://www.oxy.com/investors/