Occidental Petroleum Corporation (OXY): ANSOFF Matrix Analysis [Jan-2025 Mis à jour]

Dans un pivot stratégique audacieux, Occidental Petroleum Corporation (OXY) redéfinit sa trajectoire d'entreprise en tirant parti de la matrice Ansoff pour se transformer d'un géant traditionnel des combustibles fossiles en un innovateur énergétique dynamique et avant-gardiste. En élaborant méticuleusement des stratégies à travers la pénétration du marché, le développement du marché, le développement de produits et la diversification, Oxy se positionne à l'avant-garde de la transition énergétique mondiale, ciblant zéro-carbone Les technologies et les solutions durables qui promettent de remodeler le paysage de l'industrie. Cette approche globale relève non seulement des défis environnementaux, mais présente également une feuille de route convaincante pour la croissance à long terme et l'avantage concurrentiel dans un monde de plus en plus soucieux du carbone.

Occidental Petroleum Corporation (OXY) - Matrice Ansoff: pénétration du marché

Développer les capacités de capture et de stockage du carbone (CCS)

Occidental Petroleum a investi 1,1 milliard de dollars dans la technologie directe de capture d'air par le biais de sa filiale 1Pointfive. La société vise à capturer 30 millions de tonnes de CO2 par an.

Investissement CCS	Capacité actuelle	Capacité projetée
1,1 milliard de dollars	1,5 million de tonnes métriques / an	30 millions de tonnes métriques / an d'ici 2035

Optimiser l'efficacité opérationnelle dans le bassin du Permien et le Moyen-Orient

La production du bassin du Permien d'Occidental a atteint 519 000 barils de pétrole équivalent par jour au quatrième trimestre 2022. Les coûts de production sont réduits à 4,50 $ par baril en 2022.

Région de production	Production quotidienne	Coût de production
Bassin permien	519 000 Boe / Day	4,50 $ / baril

Augmenter l'adoption de la technologie numérique

L'occidental a alloué 250 millions de dollars aux initiatives de transformation numérique en 2022. Les technologies de l'IA et de l'apprentissage automatique ont réduit les dépenses opérationnelles de 12% dans les opérations en amont.

• Investissement numérique: 250 millions de dollars
• Réduction des dépenses opérationnelles: 12%
• Technologies clés: IA, apprentissage automatique

Améliorer les stratégies de marketing pour les contrats énergétiques d'entreprise

Des contrats énergétiques à long terme garantis totalisant 3,5 milliards de dollars en 2022. La clientèle d'entreprise a augmenté de 22% la même année.

Valeur du contrat	Croissance de la base de clients
3,5 milliards de dollars	22%

Mettre en œuvre des technologies de forage avancées

A investi 450 millions de dollars dans les technologies de forage avancées. Les taux de récupération des réservoirs se sont améliorés de 18% en utilisant le forage horizontal et les techniques de récupération d'huile améliorées.

• Investissement technologique: 450 millions de dollars
• Amélioration du taux de récupération du réservoir: 18%
• Technologies clés: forage horizontal, récupération améliorée de l'huile

Occidental Petroleum Corporation (OXY) - Matrice Ansoff: développement du marché

Expansion des énergies renouvelables sur les marchés émergents

En 2022, Occidental Petroleum a investi 1,2 milliard de dollars dans des entreprises à faible teneur en carbone en Amérique latine. La société a ciblé des géographies à fort potentiel renouvelable, en particulier le Brésil et le Mexique.

Marché	Investissement ($ m)	Capacité projetée (MW)
Brésil	750	350
Mexique	450	220

Développement international de l'énergie géothermique

L'occidental a identifié un potentiel géothermique de 1 200 MW à travers l'Indonésie et les Philippines d'ici 2025.

• Potentiel géothermique indonésien: 700 MW
• Potentiel géothermique des Philippines: 500 MW
• Investissement estimé: 980 millions de dollars

Partenariats stratégiques dans les infrastructures renouvelables

Occidental a établi 3 partenariats stratégiques en 2022, totalisant 620 millions de dollars en investissements collaboratifs.

Partenaire	Région	Investissement ($ m)
Renewable Technologies Inc.	Asie du Sud-Est	250
Solutions d'énergie verte	l'Amérique latine	220
Développeurs de puissance propre	Moyen-Orient	150

Production d'hydrogène à faible teneur

Occidental a ciblé la production d'hydrogène de 150 000 tonnes métriques par an d'ici 2026 dans des régions industrielles.

• Régions de production d'hydrogène projetées:
  • Gulf Coast (États-Unis): 75 000 tonnes métriques
  • Moyen-Orient: 50 000 tonnes métriques
  • Europe: 25 000 tonnes métriques
• Investissement total: 425 millions de dollars

Portefeuilles de projets de décalage en carbone

Occidental a développé des projets de compensation de carbone dans 4 territoires géographiques en 2022-2023.

Région	Décalage en carbone (tonnes métriques CO2)	Investissement du projet ($ m)
Amérique du Sud	2,1 millions	180
Asie du Sud-Est	1,7 million	140
Afrique	1,3 million	110
Europe de l'Est	0,9 million	90

Occidental Petroleum Corporation (OXY) - Matrice Ansoff: développement de produits

Investissez dans des technologies avancées de capture et de séquestration du carbone

Occidental Petroleum a investi 1,1 milliard de dollars dans la technologie directe de capture d'air (DAC) par le biais de sa filiale 1Pointfive. La société prévoit de construire une installation de DAC à l'échelle commerciale dans le bassin du Permien avec une capacité à supprimer 1 million de tonnes métriques de CO2 par an.

Investissement technologique	Capacité	Emplacement
Capture d'air direct	1 million de tonnes métriques CO2 / année	Basin Permien, Texas

Développer des solutions énergétiques à faible teneur en carbone pour les clients industriels

Occidental vise à réduire les émissions de carbone de 35% d'ici 2035 grâce à ses initiatives technologiques à faible teneur en carbone.

• Capacité de capture de carbone cible: 20 à 30 millions de tonnes par an d'ici 2030
• Investissement dans les technologies de gestion du carbone: 550 millions de dollars en 2022

Créer des packages d'énergie renouvelable modulaires pour les clients d'entreprise et de services publics

Segment d'énergie renouvelable	2022 Investissement	Croissance projetée
Ventures à faible teneur en carbone	385 millions de dollars	Croissance annuelle de 15 à 20%

Concevoir des technologies d'innovation innovante de suppression de capture d'air direct

La filiale d'Occidental 1PointFive a signé des accords avec Worley pour l'ingénierie et l'approvisionnement des installations de DAC avec une capacité de retrait projetée de 70 millions de tonnes de CO2 par an d'ici 2035.

Améliorer les techniques de production d'hydrogène avec un impact environnemental réduit

Ciblage d'occidental production d'hydrogène bleu avec une efficacité de capture de carbone de plus de 90%.

Production d'hydrogène	Efficacité de capture de carbone	Cible de production annuelle
Hydrogène bleu	90%+	500 000 tonnes métriques d'ici 2030

Occidental Petroleum Corporation (OXY) - Matrice Ansoff: diversification

Investissez dans des technologies d'énergie propre émergentes comme la production d'hydrogène vert

Occidental Petroleum a investi 1,2 milliard de dollars dans la production d'hydrogène verte par le biais de sa filiale 1Pointfive. La société prévoit de développer une installation de capture d'air directe de 1 million de tonnes par an (DAC) dans le bassin du Permien.

Catégorie d'investissement	Montant	Focus technologique
Hydrogène vert	1,2 milliard de dollars	Capture d'air direct (DAC)
Capacité annuelle planifiée	1 million de tonnes métriques	Projet du bassin Permien

Développer des services de conseil en transition énergétique complets

La division des entreprises à faible teneur en carbone d'Occidental a généré 480 millions de dollars de revenus en 2022, en se concentrant sur les services de capture et de gestion du carbone.

• Carbon Capture Technology Investments: 320 millions de dollars
• Carbon Management Consulting Revenue: 160 millions de dollars

Créer des fonds de capital-risque ciblant les startups de technologie climatique

Occidental Ventures a lancé un fonds d'investissement sur la technologie climatique de 100 millions de dollars en 2022.

Fonds d'investissement	Capital total	Domaines de concentration
Climate Tech Venture Fund	100 millions de dollars	Startups d'énergie propre

Explorer les investissements en technologie de stabilisation des batteries et de stabilisation du réseau

L'occidental a alloué 250 millions de dollars à la recherche et au développement de la stabilisation et du stockage des batteries en 2022.

• Investissement de technologie de stockage de batterie: 150 millions de dollars
• R&D de stabilisation de la grille: 100 millions de dollars

Créer des plateformes de gestion d'énergie intégrées pour les sociétés multinationales

Occidental a développé une plate-forme de gestion d'énergie intégrée avec un potentiel de revenus annuel prévu de 75 millions de dollars d'ici 2024.

Type de plate-forme	Revenus annuels prévus	Marché cible
Plateforme de gestion de l'énergie	75 millions de dollars	Sociétés multinationales

Occidental Petroleum Corporation (OXY) - Ansoff Matrix: Market Penetration

You're looking at how Occidental Petroleum Corporation (OXY) plans to squeeze more value out of the assets it already owns, which is the heart of Market Penetration. This isn't about finding new customers or new oil fields; it's about drilling smarter, operating leaner, and maximizing every barrel from the Permian Basin and elsewhere. Honestly, the numbers coming out of their 2025 operations show a clear focus on operational excellence to offset commodity price uncertainty.

Increase Permian Basin production efficiency via EOR

Occidental Petroleum is definitely leaning into Enhanced Oil Recovery (EOR), specifically using captured carbon dioxide, to boost output from existing Permian assets. This is a core part of their strategy to increase production without massive new acreage acquisition. You should know that CO2 EOR, in applicable cases, can increase ultimate oil and associated gas recovery by 10 to 25 percent. To support this, Occidental Petroleum remains the largest CO2 injector in the Permian, currently injecting 2.6 billion cubic feet per day of CO2 in the region. Furthermore, the flagship STRATOS Direct Air Capture (DAC) facility is on track to commence commercial operations by the end of 2025, designed to capture 500,000 metric tons of CO2 annually, which feeds directly into their EOR and sequestration plans.

Optimize existing asset base to lower lifting costs per barrel

Lowering the cost to lift oil (LOE) is crucial when prices are volatile, like the projected tight range of $58 to $62 per barrel for crude through 2026. Occidental Petroleum already reduced domestic lease operating expenses per barrel by 9 percent in 2024. The integration of the CrownRock assets, finalized in 2024, is a key driver here, identifying operational efficiencies that include $1 million per well in drilling and completion savings across the Midland Basin program. The company's Permian breakeven costs are reported to be comfortably covered around $45-50 per barrel at a $60 oil price.

Here's a quick look at some of the efficiency gains being realized in 2025:

Metric	Performance/Target	Context/Period
Unconventional Well Costs (Permian YTD)	Fell 13 percent	Compared to 2024 levels
Drilling Times (Delaware Basin)	Improved by 20 percent	In Q2 2025
Well Costs (Post-CrownRock Integration)	Savings of over $1 million per well	Midland Basin drilling and completion
Time to Market Improvement Goal	10 percent	Target for 2025
Well Cost Reduction Goal	7 percent	Target for 2025

Secure long-term supply contracts with major US refiners

While specific details on new, long-term supply contracts with major US refiners aren't explicitly detailed in the latest reports, market engagement is clear through realized pricing. For the first quarter of 2025, Occidental Petroleum's average realized price for its oil output was $71.07 per barrel. The company's total Q3 2025 production reached 1.465 million barrels of oil equivalent per day (boe/d), up almost 5 percent from Q2 2025. The U.S. oil production component was 634,000 b/d in Q3 2025, up 4 percent from a year ago.

Maximize recovery from mature fields through advanced technology

Maximizing recovery from mature fields is intrinsically linked to the EOR efforts mentioned earlier, as CO2 flooding extends the economic life of these producing assets. The use of advanced flood surveillance tools allows Occidental Petroleum to monitor its more than 1,900 patterns of CO2 injection and production wells throughout the Permian Basin. Furthermore, the company is deploying advanced methane detection technologies and consolidating compression facilities across its U.S. oil and gas operations. The focus on efficiency gains, such as moving completions from 2-3 well pads in early 2025 to 4-6 well pads in the second half of the year, also maximizes the use of existing infrastructure and frac teams.

Aggressively manage CapEx to maintain a competitive cost structure

Occidental Petroleum is managing its Capital Expenditure (CapEx) aggressively to maintain a competitive structure, especially following major acquisitions. The full-year 2025 capital investment plan is set between $7 billion to $7.2 billion, which is a reduction from the $7.455B Trailing Twelve Months (TTM) CapEx reported in September 2025. This 2025 guidance was actually reduced by $200 million in Q1 2025 due to operational efficiency gains. For comparison, the annual CapEx in 2024 was $7.018B. The company projects 2026 CapEx to fall further, in the range of $6.3 billion to $6.7 billion. The company also trimmed domestic operating costs by $150 million in Q1 2025. The planned divestiture of OxyChem for $9.7 billion, expected to close in Q4 2025, will see $6.5 billion of proceeds allocated toward debt reduction, which helps the overall financial structure.

• 2025 Full-Year Capital Expenditure Projection: $7.0B - $7.2B
• Q3 2025 Capital Spending: $1.8 billion
• 2026 Capital Expenditure Forecast: $6.3B - $6.7B
• Debt Repaid in 2025 (as of May 2025): $2.3 billion
• Debt Repaid in 2025 (as of Q1 2025): $2.3bn

The Q1 2025 free cash flow compression to $1.2 billion highlights the short-term trade-off for these efficiency investments. Finance: draft 13-week cash view by Friday.

Occidental Petroleum Corporation (OXY) - Ansoff Matrix: Market Development

You're looking at how Occidental Petroleum Corporation (OXY) pushes its existing products-crude oil, natural gas, and related products-into new geographic areas. This is about taking what you already produce and finding new customers outside your established core regions, which is a classic Market Development play.

For the third quarter of 2025, Occidental Petroleum Corporation's oil and gas segment showed its international footprint was still a key component of its overall output. While the Permian Basin is the core value driver, international operations contributed significantly to the total average daily sales volumes of 1,468 Mboe for the three months ended September 30, 2025. Specifically, international operations reported sales of 114 Mbbl of oil and 528 MMcf of natural gas per day during that quarter. This existing international base provides the platform for further market development.

The strategy clearly involves expanding beyond the U.S. onshore dominance, where production in Q1 2025 was 1,046 Mboed (Permian, Rockies & Other Domestic, Gulf of America combined). Occidental Petroleum Corporation is actively pursuing new international jurisdictions, particularly in areas that can support its broader energy transition goals. A concrete example of this is the partnership with Sonatrach in Algeria, where Occidental pledged $3 billion to modernize gas production and export infrastructure, explicitly aiming to expand Algeria's LNG capacity. This move positions Occidental to enter new gas markets via LNG.

Here's a look at the production split for the first quarter of 2025, showing the current geographic balance that Market Development seeks to shift:

Operating Area	Average Production (Mboed) - Q1 2025	Segment Revenue Contribution (Q3 2025)
Permian, Rockies & Other Domestic	1046	U.S. Oil & Gas Sales (Implied)
Gulf of America	121	U.S. Oil & Gas Sales (Implied)
International	224	$5.4 billion (Total Oil & Gas Net Sales Q3 2025)
Total Global Production	1,391	N/A

Targeting new European buyers for lower-carbon intensity oil ties directly into Occidental Petroleum Corporation's low-carbon ventures. While specific European sales figures aren't public, the company is heavily investing in carbon capture, utilization, and storage (CCUS) technologies. For instance, the STRATOS Direct Air Capture (DAC) facility is on track for commissioning and start-up operations in 2025, aiming to offer DAC Carbon Dioxide Removal (CDR) credits at a commercial scale. This capability allows Occidental Petroleum Corporation to market its crude as lower-emission, a premium feature for environmentally conscious European buyers.

Selling US-produced natural gas to new LNG export facilities is supported by massive growth in the export infrastructure. The U.S. LNG export capacity is projected to surge to 14.7 billion cubic feet per day (Bcf/d) in 2025. Occidental Petroleum Corporation, with its significant domestic gas production, is well-placed to contract supply to these expanding terminals. The domestic realized gas price in Q1 2025 hit $2.42 per thousand cubic feet (Mcf), making US gas economically attractive for international sales via these new liquefaction outlets.

Leveraging existing Middle East infrastructure for regional product sales is also part of the international play. Occidental Petroleum Corporation has operations in the Middle East, including in Oman, where they utilized rich gas injection in 2024 to reduce flaring by 80% compared to the 2020 baseline. This focus on operational efficiency and emissions reduction in existing international assets helps maintain favorable terms for regional product movement and future contract negotiations. The company is focused on maintaining its production base and using proceeds from the OxyChem transaction for debt reduction, which frees up capital for these international growth initiatives.

The company's Q3 2025 revenue was $6.72B, and its Q2 2025 unrestricted cash balance stood at $2.3 billion. Finance: draft 2026 capital allocation plan focused on organic growth by next month.

Occidental Petroleum Corporation (OXY) - Ansoff Matrix: Product Development

You're looking at how Occidental Petroleum Corporation (OXY) can grow by developing new products or significantly improving existing ones. This is about taking what you know-energy, chemicals, and carbon management-and packaging it differently or making it cleaner.

Develop and market low-carbon intensity oil and gas products.

Your core upstream business is already seeing efficiency gains that lower the carbon footprint of the barrels you sell. For instance, in the first quarter of 2025, total average global production was $\mathbf{1,391}$ thousand barrels of oil equivalent per day (Mboed). By the second quarter of 2025, that ticked up to $\mathbf{1,400}$ Mboed. The company even raised its full-year Q4 2025 total company production guidance to a midpoint of $\mathbf{1.45}$ million BOE per day. The intensity of $\text{CO}_2\text{e}$ emissions from your oil and gas operations saw a decrease of $\mathbf{11.15\%}$ from 2023 to 2024. You're using this operational improvement as a product feature, which is smart.

Here's a snapshot of the operational scale supporting this product development:

Metric	Q1 2025 Value	Q2 2025 Value	2025 Guidance Midpoint (Q4)
Total Company Production (Mboed)	$\mathbf{1,391}$	$\mathbf{1,400}$	$\mathbf{1.45}$ million
Oil & Gas Pre-Tax Income (Millions USD)	$\mathbf{\$1,700}$	$\mathbf{\$934}$	N/A

Introduce specialized chemical products from OxyChem for new industrial uses.

OxyChem, even with the reported plan to divest, is a source of steady, high-margin chemical products. For the full year 2024, the chemical division generated $\mathbf{\$1.12}$ billion in revenue. For the second quarter of 2025, OxyChem delivered pre-tax income of $\mathbf{\$213}$ million. You're also investing in the division to create better products; $\mathbf{\$600}$ million is planned for capital spending in 2025, part of a larger modernization cycle expected to add $\mathbf{\$300}$ million in annualized EBITDA starting in late 2026.

• Chlorine is the fourth-largest product line globally for Occidental Petroleum Corporation.
• Caustic soda demand is supported by export markets.
• The division's $\text{CO}_2\text{e}$ emissions intensity decreased by $\mathbf{4.9\%}$ year over year in 2024.

Scale up production of carbon-neutral oil through carbon capture offsets.

This is where the future product-carbon removal credits-comes into play. Your flagship STRATOS Direct Air Capture (DAC) facility is set to begin commercial operations in 2025, designed to remove $\mathbf{500,000}$ tonnes of $\text{CO}_2$ annually. This positions you to offer DAC Carbon Dioxide Removal (CDR) credits at a commercial scale. Furthermore, you have a $\mathbf{25}$-year offtake agreement with CF Industries to remove $\mathbf{2.3}$ million metric tons of $\text{CO}_2$ per year. The capital budget for Low-Carbon Ventures in 2025 is set at approximately $\mathbf{\$450}$ million, net of non-controlling interest.

Offer enhanced oil recovery (EOR) services as a consulting product.

Leveraging your $\mathbf{50}$-plus years of experience in $\text{CO}_2$ injection, you can package this expertise. You currently store up to $\mathbf{20}$ million tons of $\text{CO}_2$ per year, mostly from natural sources. The captured $\text{CO}_2$ from the new DAC facilities is planned for use in EOR, which is essentially selling a service that boosts production using captured carbon. This is a service product built on existing infrastructure and deep reservoir management knowledge.

Invest in advanced drilling fluids for internal use, then external sale.

You are heavily investing in operational efficiency, which can be productized later. Your planned capital expenditures for 2025 are between $\mathbf{\$7.6}$ billion and $\mathbf{\$7.8}$ billion, with $\mathbf{\$5.8}$ billion to $\mathbf{\$6.0}$ billion focused on developing oil and gas assets. These internal investments are yielding tangible results in drilling efficiency; you achieved a $\mathbf{17\%}$ improvement in drilling duration per well compared to 2024, which translated to an $\mathbf{18\%}$ reduction in drilling costs. That kind of cost reduction, driven by better internal processes like fluid management, is the precursor to an external service offering.

Finance: draft $\mathbf{13}$-week cash view by Friday.

Occidental Petroleum Corporation (OXY) - Ansoff Matrix: Diversification

You're looking at Occidental Petroleum Corporation's (OXY) aggressive pivot into low-carbon ventures as a core diversification strategy, moving beyond its traditional upstream focus, which still generated $6.7 billion in total revenue in Q3 2025.

Commercialize Direct Air Capture (DAC) technology as a service

Occidental Petroleum (OXY) is scaling its DAC efforts through its subsidiary 1PointFive. The flagship STRATOS plant in the Permian Basin is expected to commence commercial operations by the end of 2025. This facility is designed with an initial capacity to capture 500,000 metric tons of $\text{CO}_2$ per year (Mtpa), with the potential to rise to 1Mtpa. The company has an ambitious scenario to deploy 70 DAC facilities worldwide by 2035, and has announced plans to build 100 plants by 2035.

The cost structure for this service is still high, with current estimates for DAC technology ranging from $400-$500 per tonne of $\text{CO}_2$ captured. However, Occidental expects costs to drop to as low as $200-$250 per tonne once the business enters its "manufacturing mode" in the second half of this decade. Furthermore, Occidental was awarded up to $650 million in funding from the U.S. Department of Energy to help support the development of its second facility, the South Texas DAC hub.

Sell captured atmospheric $\text{CO}_2$ to new industrial and beverage markets

Occidental Petroleum (OXY) is securing long-term offtake agreements to guarantee revenue streams for its captured $\text{CO}_2$. A significant example is the 25-year agreement with CF Industries to sequester approximately 2.3 million metric tons of $\text{CO}_2$ per year to support the production of low-carbon ammonia. Also, in 2022, the company signed an agreement with SK Trading International to supply 200,000 barrels of net-zero oil over five years, which involves injecting about 100,000 tonnes of captured $\text{CO}_2$ into the ground to offset the lifecycle emissions of that oil. The midstream and marketing segment is responsible for purchasing, marketing, gathering, processing, transporting, and storing carbon dioxide ($\text{CO}_2$).

Establish a global business for Carbon Capture, Utilization, and Storage (CCUS)

Occidental Petroleum (OXY) is leveraging over 50 years of experience in injecting and storing $\text{CO}_2$ in geologic reservoirs, currently storing up to 20 million tons of $\text{CO}_2$ per year, mostly from natural sources. The company is budgeting $2 billion over the next five years for CCUS technologies, aiming to capture 25 million metric tons of $\text{CO}_2$ annually by 2030. The company plans to establish three carbon sequestration hubs by 2025. The cost structure for storage is segmented:

Storage Type	Estimated Cost per Tonne
Permanent Geological Storage	$180/tonne
Enhanced Oil Recovery (EOR)	$130/tonne
Utilization (includes synthetic fuels, cement)	$60/tonne

The South Texas site alone has the potential to store up to 3 billion tonnes of $\text{CO}_2$ in underground saline formations.

Partner with non-energy companies on large-scale decarbonization projects

Scaling these low-carbon projects requires significant external capital and collaboration. BlackRock agreed to invest $550 million into the STRATOS project. Furthermore, Occidental and ADNOC's investment firm, XRG, signed a framework agreement to evaluate a joint venture for a DAC facility in South Texas, where XRG is considering an investment of up to $500 million for a facility capturing 500,000 tonnes of $\text{CO}_2$ annually. The 25-year sequestration agreement with CF Industries represents a major commitment from a non-energy industrial partner.

The company is also engaging consumer-facing brands:

• Partnered with Liverpool FC to create merchandise using DAC technology, offsetting the carbon footprint of each product.
• Signed agreements to sell carbon credits to AT&T, Amazon, and TD.

Develop and sell carbon credits generated by OLCV projects to emitters

Occidental Petroleum (OXY) is actively monetizing its carbon removal through credit sales. In 2024, the company sold 13 million tons of carbon credits for a total value of $3.6 billion, which averages to $276/tonne. The targeted revenue for $\text{CO}_2$ captured from STRATOS is estimated between $580-$810 per tonne.

Key offtake agreements for these credits include:

• Microsoft bought 3.3 million in credits in 2025.
• Airbus entered an agreement in 2023 to buy 500,000 metric tons of carbon dioxide removal credits over six years from STRATOS.
• Google purchased 100,000 t$\text{CO}_2$e DAC credits in 2024 for $100 per tonne, for delivery in the early 2030s.

Occidental aims to sell approximately 65% to 75% of DAC credits generated from STRATOS through 2030, which is calculated to be between 1.63 million to 1.98 million credits. The company's Q2 2025 Operating Cash Flow was $3.0 billion, with Unrestricted Cash at $2.3 billion at the end of that quarter, providing capital to support these ventures, especially following the $9.7 billion cash sale of OxyChem expected to close in Q4 2025.