From Nasdaq: 2025-05-19 20:36:00

Occidental Petroleum and ExxonMobil believe carbon capture and storage (CCS) could create a $3 trillion to $5 trillion global industry. Occidental signed a deal to develop a DAC facility in Texas, with potential for significant carbon dioxide capture. Both companies see huge potential in this emerging market.

Occidental Petroleum is making strides in commercializing DAC technology, selling carbon removal credits to companies like Microsoft. It also signed agreements with CF Industries to store carbon dioxide, aiming to create a multibillion-dollar business in CCS. ExxonMobil is also expanding its CCS projects, expecting significant earnings and cash flow.

Occidental Petroleum is slowly progressing in capturing the potential of CCS, lining up funding partners and commercial agreements. The company’s strategy could create significant value for investors in the future, making it an appealing long-term investment opportunity. Consider the 10 best stocks to buy, excluding Occidental Petroleum, for potential monster returns.



Read more at Nasdaq: Occidental Petroleum Continues Working Toward Capturing This Potential $5 Trillion Future Market Opportunity