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Oxy raises 2024 oil and gas production, following $10.8 billion CrownRock acquisition, Permian success

The deal will increase Occidental’s production 5% to about 1.32 MMboed in 2024, with the extra coming from the Permian basin, the Houston-based company said in a statement Wednesday. Capital spending will increase about 6% to $6.9 billion.

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