OXY · News · 20260806N
Capital Expenditure Outlook
OCCIDENTAL PETROLEUM CORP /DE/ · 2026-08-06 · Importance 58 · Surprise 42 · In source text
Occidental expects 2027 capital spending of approximately $5.9 billion, broadly flat compared with 2026. Management expects 2027 production to remain at levels similar to 2026 rather than pursue material volume growth. The company plans to prioritize free cash flow toward debt reduction before redeeming Berkshire Hathaway’s preferred equity stake in 2029.
Key facts
- Occidental expects flat production and capital spending in 2027 and aims for $5.9 billion in capital spending for 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | Occidental expects flat production and capital spending in 2027 and aims for $5.9 billion in capital spending for 2027. |
| assets | positive | probable | — | Occidental expects flat production and capital spending in 2027 and aims for $5.9 billion in capital spending for 2027. |