Betty Jang's questions to Occidental Petroleum Corp (OXY) leadership • Q4 2024
Question
Betty Jang inquired about the Rockies development program for 2025 and beyond, focusing on activity levels, capital allocation, and future potential. She also asked for an update on the company's confidence in reaching its $15 billion net debt target.
Answer
Richard Jackson, President, U.S. Onshore Resources and Carbon Management, explained that Rockies activity reflects efficiency gains offset by infrastructure investments in the new Bronco development area, with plans to resume Powder River Basin activity in H2 2025. Vicki Hollub, President and CEO, affirmed confidence in reaching the debt target, projecting it would likely be achieved in early 2027, supported by operational cash flow and potential asset sales.