Company newsCompany release
Occidental signs long-term CO₂ offtake agreements with two companies
The agreements secure CO₂ captured from third-party gas processing facilities in the Delaware Basin for enhanced oil recovery in the Permian Basin.
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Occidental said on November 9, 2026 that it signed long-term agreements with two companies to secure carbon dioxide captured from third-party natural gas processing facilities in the Delaware Basin.
The CO₂ is for use in Occidental's enhanced oil recovery operations in the Permian Basin. Occidental said the two project developers will fund and build the infrastructure to capture, transport and deliver the CO₂ to it.
Key facts
- Agreements signed
- Two long-term agreements
- Gas source
- Third-party natural gas processing facilities in the Delaware Basin
- Use
- Enhanced oil recovery operations in the Permian Basin
Source: The company's release on GlobeNewswire, November 9, 2026.
Written by GetSignal with AI from the company's press release.
Not investment advice.
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