US Shale to Play Second Fiddle for Oxy

摘要

Persistently low oil prices have prompted Occidental Petroleum to go back to basics and give priority to growing long-lived production in the US and the Middle East, rather than capital-intensive US shale projects. "We're very proud of our shale position and we think that the work we've done over the last few years has certainly proved it up to be an asset that we want to take full advantage of," Oxy CEO-in-waiting Vicki Hollub said Thursday.