Occidental targets $4 billion in additional annual sustainable cash flow by 2030 vs. 2025
OXY•Occidental Petroleum targets $4 billion in incremental annual sustainable cash flow by 2030 versus 2025 and set a new $6 billion principal debt target after reaching its $10 billion milestone; run-rate interest savings reached $740 million versus 2025.
1. Cash flow and debt targets
Occidental Petroleum targets $4 billion in incremental annual sustainable cash flow by 2030 versus 2025. After achieving its $10 billion debt milestone, it set a new $6 billion principal debt target; run-rate interest savings reached $740 million versus 2025. Further principal and net debt reductions aim to expand capacity for preferred redemption in August 2029 and accelerate capital returns.
