Occidental Petroleum (OXY) expects US onshore capex to decrease by USD 400mln vs. 2025
Occidental Petroleum's expectation of a $400 million decrease in U.S.
AMD (AMD) backstops USD 300mln Crusoe loan for AI chip purchases, The Information reports; AMD will rent chips from Crusoe if the startup lacks customers.
Teamsters secured an agreement with Keurig Dr Pepper (KDP) that includes a 22% wage hike
Occidental Petroleum (OXY) expects US onshore capex to decrease by USD 400mln vs. 2025
NY Fed RRP op demand at USD 0.63bln (prev. 0.86bln) across 5 counterparties (prev. 10)
US President Trump says will get a deal on Iran one way or the other; really bad things will happen if no Iran deal
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onshore capital expenditures for 2025 signals a potential pullback in expansion or investment initiatives. This may reflect broader cost management strategies amid fluctuating oil prices, which can impact not only OXY's growth outlook but also sentiment in the energy sector as a whole, influencing related equities and commodity prices.
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