Can OXY Stock Continue to Benefit From its Permian Basin Focus?

Key Takeaways Occidental plans to drill up to 565 Permian wells in 2025, with the region supplying 55% of total output. OXY projects a 15% cut in drilling time and 11% lower well costs thanks to technology upgrades. OXY controls 2.9 million acres in the Permian, which includes conventional and unconventional zones.Occidental Petroleum Corporation (OXY) is among the largest operators in the Permian Basin, a major hub for U.S. oil and gas production. The company has strengthened its footprint in the region ...