Occidental Petroleum is balancing its core oil and gas operations in the Permian Basin with a growing focus on low-carbon solutions. Through Oxy Low Carbon Ventures, the company is developing large-scale direct air capture plants and carbon management services to create new revenue streams from carbon credits. While the company remains heavily tied to crude oil price volatility and Berkshire Hathaway's investment patterns, its long-term strategy emphasizes the transition toward emissions management and industrial decarbonization.
