Occidental Petroleum Forecasts Flat Production, Lower Spending in 2026

Oil and gas producer Occidental Petroleum said on Tuesday it expects flat production growth in 2026 and spending to fall below current-year levels, as crude prices slide. U.S. shale producers are weathering a global oil slump, with prices hovering in the low $60-per-barrel range, pressured by OPEC+ output hikes and slowing global demand. Benchmark Brent … Read more