Oxy Shares Slide 1.5% on $450M Volume (228th in U.S. Trading) as Carbon Capture Projects Near $2B in Funding

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Friday, Sep 5, 2025 7:32 pm ET1min read
OXY--
Aime RobotAime Summary

- Occidental Petroleum (OXY) shares fell 1.5% on $450M volume as its $1.3B Stratos DAC project in West Texas remains on track for commercial CO2 capture this year.

- CEO Vicki Hollub highlighted 500K metric tons annual CO2 removal capacity, with over 80% of 2030 carbon credits pre-sold to Amazon, Microsoft, and JPMorgan.

- BlackRock’s infrastructure arm invested $550M via a joint venture, while $650M in federal funding targets a second South Texas DAC hub with 500K metric tons annual capture.

- Ongoing discussions with UAE-backed XRG for additional DAC development and back-test requirements for OXY require precise parameters for implementation.

, , ranking 228th in U.S. equity trading activity. The stock's performance followed updates on its carbon capture initiatives despite recent funding milestones.

. CEO highlighted the project's progress during Q2 earnings, . , MicrosoftMSFT--, and JPMorganJPM--.

, Occidental's carbon capture subsidiary. , . Discussions with UAE-backed XRG for additional DAC development remain ongoing.

Back-test requirements for OXYOXY-- would need precise parameters: 1) defining the stock universeUPC-- (e.g., U.S. exchanges) and rebalancing frequency; 2) establishing a synthetic index methodology for portfolio tracking. Implementation options include automated daily selection or proxy indices like SPY. Final execution depends on clarifying these parameters.

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