Occidental Petroleum is integrating large-scale carbon capture, utilization, and storage (CCUS) and direct air capture (DAC) into its business model. The company aims to monetize captured carbon through enhanced oil recovery and the emerging carbon credit markets. While the company remains focused on Permian Basin oil and gas production, its shift toward low-carbon value chains reflects a broader industry trend of diversifying into climate-aligned technologies to manage long-term regulatory and market risks.
