Occidental Petroleum Ditches Hedges, Bets on Higher Oil Prices

Occidental Petroleum abandons oil hedging, betting on higher prices, after a $339M loss due to hedges set at $76/barrel. Despite hedges, OXYs output remains at 617,000 barrels daily. Managements adaptability showcases long-term shareholder value protection. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1fdf8655a2e1e7ef

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