Occidental expects Permian production growth for next 3-5 years
The Fly

Occidental expects Permian production growth for next 3-5 years

Says seeking to reduce debt next year even if oil prices are low. Sees 10% cost improvement in Midland Basin in 2025. Says President-elect Donald Trump will be “very positive” for U.S. oil sector. Says no significant safety incidents with Crown product as far back as a December deal analysis. Says “fully committed” to achieving medium-term principal debt target off $15B. Comments taken from Q3 earnings conference call.

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