Link to an interview with Vicki Hollub on Yahoo at Smead conference yesterday.

OXY has 10-15 years of high return drilling inventory in the Permian. Then decades of CO2 EOR production after that from conventional and unconventional reservoirs. Discusses "net zero" oil and jet fuel (United Airlines has interest). Over the long term OXY will transition to a CO2 management - direct air capture -(DAC) company which according to Hollub, does not mean oil and gas production will decline. Rather, she says production will increase as OXY helps others to capture and store their CO2. That incremental CO2 EOR "net zero" oil will command a premium to WTI. She walks through a high level DAC value proposition. Paul Sankey (Sankey Research) apparently puts a $25/share value on OXY's DAC business.

Interviewer asks Vicki about the ultimate outcome for OXY. Stand alone company, Berkshire buyout, or take out by a Major? She says "nothing is off the table".

Vicki will apparently attend the Berkshire annual meeting in Omaha this year.

https://www.yahoo.com/now/occidental-ceo-share-rep...

Berkshire Hathaway FAQ

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