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Oxy Expects Delayed Start-Up at First DAC Plant

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Supply chain issues will delay the commercial start-up date for Occidental Petroleum’s first direct air capture (DAC) plant in the Permian Basin as the US independent increases spending this year to build up both its low-carbon business unit and its traditional oil and natural gas arm.

Topics:
Carbon Capture (CCS), Earnings, Corporate Strategy , Capital Spending, Independent E&Ps, Upstream Projects, Shale, Deepwater, EOR
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