Oxy CEO Hollub on Oil Price, Production, Carbon Capture

The video discusses the sustainability of oil prices, emphasizing the importance of market balance to prevent extreme price fluctuations. It highlights the industry's shift towards disciplined production and value creation, avoiding oversupply. The focus then shifts to carbon management, with Oxy's strategy involving direct air capture and a significant deal with Amazon for carbon credits. Challenges in negotiating carbon credit contracts are noted, alongside the benefits of carbon management in reducing carbon intensity and supporting climate goals. The video concludes with a brief mention of the impact of higher yields on the industry.

What factors have influenced the average WWTI prices since 2004?

How has the pandemic affected the oil and gas industry according to the speaker?

What does the speaker mean by 'capital discipline' in the context of oil production?

What are the implications of increasing oil production in a market that is not balanced?

How does the speaker view the relationship between carbon management and oil production?

What challenges does the speaker mention regarding the negotiation of carbon reduction credits?

In what ways does the speaker believe that carbon management can benefit the environment?