Occidental CEO Says 90%-95% Of Company's Growth Will Come From Assets In The U.S., Mainly The Permian; U.S. Likely Has Capacity To Make Up Oil Shortfall Caused By Iran War

Occidental Petroleum's CEO stated that 90%-95% of the company's growth will be driven by its assets in the U.S., particularly in the Permian Basin. The CEO also indicated that the U.S. has the potential to compensate for any oil shortfall resulting from the ongoing conflict in Iran. This information was shared during the Ceraweek event, according to Reuters.