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  • Oxy cutting oil-and-gas capex by $300 million, eyes 1% production growth

Oxy cutting oil-and-gas capex by $300 million, eyes 1% production growth

  • February 23, 2026

Also on tap for 2026 is a drop in spending on the company’s Stratos direct air capture project as its first phase nears ramp-up. CEO Vicki Hollub says the focus is on more efficiencies; ‘We no longer require transformative acquisitions.’

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