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Occidental Petroleum aims to be 'carbon neutral'

  • In the past three years Occidental Petroleum (NYSE:OXY) has more than doubled its Permian shale output, and expects to double it again to 600K barrels of oil equivalent a day in the next five years.
  • At the same time, the company is committed to reducing its carbon footprint.
  • "I'm thinking about the long term for our shareholders," CEO Vicki Hollub told the FT, saying ultimately she wants Occidental to be "carbon neutral."

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