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Occidental CEO Sees a Lot of Incoming Interest in Asset Sales

Occidental CEO Sees a Lot of Incoming Interest in Asset Sales
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3 Stocks Warren Buffett Plans to Hold Forever That Still Look Like Great Buys Today

BlackRock Invests $550 Million in Occidental Carbon Capture

(Bloomberg) BlackRock Inc. will invest $550 million of client money into Occidental Petroleum Corp.’s Stratos project, which will be the world’s largest plant capturing carbon dioxide directly from the air.Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseApple Delays Work on Next Year’s iPhone, Mac Software to Fix BugsS&P Defies Fed ‘Pushback’ in Longest Win Since ‘21: Markets WrapTrump Testi

BlackRock invests $550 million in Occidental carbon capture project

The BlackRock investment represents about 40% of the project’s total $1.3 billion cost, making it one of the largest investments in direct air capture to date. It also means Occidental’s share of the cost is reduced, freeing up capital for its Permian basin oil and gas operations.

BlackRock Invests $550 Million in Occidental Carbon Capture

BlackRock Invests $550 Million in Occidental Carbon Capture
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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