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Occidental Petroleum Cut Its Capital Spending by 8% for 2026. Should the Oil Giant Rethink Its Plans with Crude Prices Now Up 30%?

Summary by The Motley Fool
Occidental Petroleum should remain prudent and not be tempted to boost production simply because oil prices are elevated.

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Occidental Petroleum Cut Its Capital Spending by 8% for 2026. Should the Oil Giant Rethink Its Plans with Crude Prices Now Up 30%?

Occidental Petroleum should remain prudent and not be tempted to boost production simply because oil prices are elevated.

·Alexandria, United States
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The Motley Fool broke the news in Alexandria, United States on Saturday, July 18, 2026.
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