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From Blumberg news.
By Mitchell Ferman
October 14, 2025 at 1:00 PM EDT
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Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub sees oil pricing between $58 and $62 a barrel through 2026, she said Tuesday at the Energy Intelligence Forum in London.
Beyond that prices should rise, Hollub said during a session that focused on global crude benchmark Brent.
Hollub said she is “very bullish on oil prices, not this year or next, but I’m bullish on oil prices.”
Separately, the CEO said that as part of its long-term plan, the Houston-based firm can more than double its share price in about five years, assuming multiples stay the same, mostly by converting more debt to equity. The company “doesn’t need to do any more acquisitions,” she added.
Read More: Occidental Swears Off New Big Deals Post-Berkshire Chemical Sale
US oil supply is likely to peak between 2027 and 2030, Hollub told the audience.
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Read More: Occidental Swears Off New Big Deals Post-Berkshire Chemical Sale
This part must come as music to the ears of long-suffering Occidental shareholders, with the possible exception of one big shareholder who tends to be on the right side of these deals when Occidental gets into trouble.
dtb
No. of Recommendations: 1
This part must come as music to the ears of long-suffering Occidental shareholders, with the possible exception of one big shareholder who tends to be on the right side of these deals when Occidental gets into trouble.
Sadly no. It's not what she says, it's what she does that counts. IIRC she said something very similar a few months before she bought Crown Rock.
No. of Recommendations: 1
On a lighter note, the Vicki and OXY growth discussion reminds me of Mr. Gabriel’s classic “Big Time” & spectacular video from my college years:
“I'm on my way, I'm making it (big time)
Ooh, yes (big time)
I've got to make it show, yeah (big time)
(Big time) so much larger than life
(Big time) I'm gonna watch it growing (big time)…”
https://www.youtube.com/watch?v=qdPQYqeMMyw 