Occidental Does Not Expect Higher Equipment And Services Costs To Have An Impact On Capex Budget Conf Call

Occidental Petroleum Corp OXY.N:

• OCCIDENTAL SAYS IDENTIFIED AN ISSUE RELATED TO NON-PROCESS COMPONENTS AT STRATOS FACILITY; DOES NOT EXPECT REPAIRS TO IMPACT CAPEX OUTLOOK: CONF CALL

• OCCIDENTAL SAYS IT HAS COMPLETED CONSTRUCTION OF PHASE 2 OF STRATOS FACILITY: CONF CALL

• OCCIDENTAL SAYS IT STOPPED HEDGING ACTIVITIES AFTER VOLATILITY INCREASED; DOES NOT INTEND TO ADD MORE HEDGES: CONF CALL

• OCCIDENTAL SAYS OPERATIONAL CONSTRAINTS AT AL HOSN IN UAE BEGAN IN MID-MARCH AND ARE EXPECTED TO NORMALIZE BEFORE Q2 END: CONF CALL

• OCCIDENTAL EXPECTS SULFUR SALES TO NORMALIZE IN THE SECOND HALF OF 2026 AFTER MIDDLE EAST WAR DISRUPTED LOGISTICS: CONF CALL

• OCCIDENTAL INCOMING CEO RICHARD JACKSON SAYS WILL FOCUS ON NEAR-TERM EXECUTION AND CASH FLOW IMPROVEMENT: CONF CALL

• OCCIDENTAL DOES NOT EXPECT HIGHER EQUIPMENT AND SERVICES COSTS TO HAVE AN IMPACT ON CAPEX BUDGET: CONF CALL

Source text: [ID:]