And the takeaway today is... Stock buybacks for the foreseeable future! Going to be tough sledding at Oxy till the debt becomes manageable. Minor nod to OxyChem and Carbon capture. Long lateral's in the DJ basin.
Sorry for prodding you to find new grease...Oxy has no money or interest to do so.
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Seems like DAC program is a bust. Come on Oxy, get some consistent strategy that makes sense for investors. Perhaps a big change is needed in the workforce at the top.
OP, the shareholders don’t want ‘new grease’. They want flat production with share buybacks, some debt reduction, and an increased dividend over time. The age of ramping up production has passed for practically all oil companies.