Occidental Petroleum Looks to Permian Basin as Losses Narrow in 2016

SUGAR LAND--February 10, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Like many companies in the Oil & Gas Production field, Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) has been cutting costs due to low energy prices that have persisted for several years. But the company just recently has been slowly ramping up production as prices have stabilized, and is now looking forward to shifting its focus to Texas' Permian Basin, one of the most hotly pursued plays, and the results from the recent startup of an ethylene cracker. Industrial Info is tracking more than $3 billion in active projects involving Occidental. Within this article: Details on Occidental's results for 2016, its outlook for the current year, and some of its highest-valued projects in North America.