The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst
: Vicki, 2 questions, please. Shell had just sold their Permian asset to Conoco. Just want to see if you see that as a maybe additional
opportunity for you guys to work with different partners and seeing either asset swap or other opportunity associated with that. Or
do you think that this is just business as usual given that you are the operator and that doesn't really change anything. That's the
first question.
On the second question, I think the focus has been everyone knows, nothing new about when you're going to increase your CapEx
in the oil and gas sector, and you made it very clear not in any time soon. But how about in the chemical? And in the chemical, you
guys have a very unique position. You are not in the typical olefin chain. And that, with the housing sector, has been very strong,
and that really has been doing quite well or much better than before.
So do you have any intention to expand and grow that business? And that may also be good in terms of energy transition. So I want
to see that what is your overview in terms of from a growth prospect standpoint for that.
Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst
: Actually, before that, have you already reached out or that Conoco already reached out and talked to you between you and them
on that? Or that this is something that you guys are going to do?
Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst
: Vicki and Rob do you guys foresee growth capital into the OxyChem over the next 1 or 2 years or a little bit longer term?
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NOVEMBER 05, 2021 / 5:00PM, OXY.N - Q3 2021 Occidental Petroleum Corp Earnings Call
Question: Leo Mariani - KeyBanc Capital Markets Inc., Research Division - Analyst
: Wanted to follow up a little bit on one of the prepared comments that you guys made. I think you commented there could be some
bolt-ons in the future. Just wanted to get a sense in general of what Oxy's appetite might be for doing those type of things, just
given that you've had a pretty prolific asset sale program for the last couple of years.
Question: Leo Mariani - KeyBanc Capital Markets Inc., Research Division - Analyst
: Okay. That makes sense. And I just also wanted to ask you guys, is there any update that you might have on the funding situation
for your direct air capture projects? I think you guys were seeking kind of external off-balance sheet financing for that.
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