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U.S. oil production won’t return to pre-pandemic levels, says Occidental CEO

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The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas.Angus Mordant | ReutersOccidental CEO Vicki Hollub said Thursday that she doesn’t envision U.S. oil production returning to pre-pandemic highs.”I do believe that most companies have committed to value growth, rather than production growth,” she said during a CNBC Evolve conversation with Brian Sullivan. “And so I do believe that that’s going to be part of the reason that oil production in the United States does not get back to 13 million barrels a day.”She believes companies will focus on optimizing …

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