We are excited to announce the start-up of our first-ever solar facility. HOUSTON – October 3, 2019 – Occidental (NYSE: OXY) today announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin. Seeing an oil company proclaim its commitment to carbon neutrality is tough to process. By Michael Dabaie Occidental Petroleum Corp. (OXY) said it started up its first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin. Occidental Petroleum is worth a fraction of what it paid for Anadarko Petroleum in 2019, but some observers say OXY stock rose too fast. Occidental Petroleum (OXY) slashed its quarterly dividend for the second time in four month, while Williams Companies (WMB) plans to develop solar energy to power its operations in nine states. Occidental Petroleum opened the first solar farm to directly power its oil and gas operations. One recent example is Occidental Petroleum Corp OXY.N, a major player in the Permian, which announced early last month the launch of a solar-powered facility to power an oilfield operation there. Occidental (OXY) today announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin. Occidental Petroleum has started up its first solar facility to power enhanced oil recovery (EOR) in the Permian Basin of West Texas. Source: www.chron.com. The company, through its Oxy Low Carbon Ventures (OLCV) subsidiary, also announced that it has signed a long-term power purchase agreement for 109 MW of solar … Oxy opens solar facility in Goldsmith Midland Reporter-Telegram | 2019-10-03 Hundreds of people gathered Thursday under a large tent for the communal unveiling of Occidental Petroleum’s newest completed project, a large-scale solar facility, which powered the air conditioning, televisions and chandeliers at the venue. The 16-MW facility in Ector County, near Odessa, powers the Goldsmith field through deployment of 174,000 photovoltaic panels. But until we have no need for oil, we might as well make our oil companies as green as possible. The # OxySolarField facility, built near Odessa, expands on Occidental’s commitment to economically lower the company’s carbon footprint by using emissions-free power sources. Read More. Occidental Petroleum Corp. plans to build a facility that it believes could change the way the world thinks about fossil-fuel emissions.