Occidental CEO says industry needs $70/barrel oil to grow production
ReutersFeb 24, 2026 6:27 PM
WASHINGTON, Feb 24 (Reuters) - Occidental OXY.N CEO Vicki Hollub said on Tuesday that crude oil prices need to rise to $70 per barrel in order for the oil industry to grow production.
U.S. oil production can be maintained at its current level in the $60 to $65 price range, Hollub said, during an Energy Aspects conference in Washington.
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