'Our teams continue to outperform,' says Occidental's Richard Jackson
Speakers
Richard Jackson
— CEO and President, Occidental Petroleum
Summary
Occidental Petroleum CEO Richard Jackson discusses the company's highest quarterly profit since 2022 and unveils a multi-year plan to double sustainable cash flow by 2030. He highlights Oxy's unique advanced recovery technology, operational efficiency, and potential role in supplying AI data center power needs through gas, water, and carbon capture. The interview presents a bullish long-term thesis for Occidental shares.
- Occidental reported its strongest quarterly profit since 2022.
- CEO Richard Jackson says US onshore operations continue to outperform and offset Middle East impacts.
- Oxy's advanced recovery technology uses CO2 injection to double well recovery, lowering decline rates.
- The company plans to double sustainable cash flow by 2030 even at lower oil prices.
- Jackson sees a potential role for Oxy in providing gas, water, and carbon capture for AI data center power in the Permian Basin.
- The discussion is framed as a unique, durable value story for Occidental shareholders.
Ideas
Oxy's durable outperformance driven by unique tech.
Occidental Petroleum is outperforming near-term delivery, offsetting Middle East production impacts with strong US performance. The company has a unique advanced recovery technology using CO2 to double well recovery, providing lower decline rates and durable production that can withstand volatility. Oxy's multi-year plan aims to double sustainable cash flow by 2030, and it is well positioned to supply gas, water management, and carbon capture for AI data center power buildout in the Permian, all while delivering value even at lower oil prices.
Up Next
This CNBC video, published August 06, 2026, features Richard Jackson discussing OXY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Richard Jackson · Tickers: OXY