Occidental Petroleum Boosts Spending for 2018 After Permian, Middle East Spur Growth

SUGAR LAND--February 15, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) expects to spend more in 2018, after higher commodity prices and strong operational results in the Permian Basin and Middle East elevated its 2017 bottom line. Much of the domestic growth was attributed to its chemicals business, which is expanding along the U.S. Gulf Coast. Industrial Info is tracking more than $2.1 billion in active projects involving Occidental.

Within this article: Details on Occidental's outlook for 2018 and some of its projects planned for the U.S. and the Middle East.

Other companies featured: TechnipFMC plc and KBR Incorporated (NYSE:KBR)