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CERAWEEK-Occidental Petroleum sees oil U.S. oil output peaking in next five years
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CERAWEEK-Occidental Petroleum sees oil U.S. oil output peaking in next five years
Mar 11, 2025 8:22 AM

DENVER, March 11 (Reuters) - U.S. oil production will

peak between 2027 and 2030, Occidental Petroleum Corp ( OXY )

chief executive officer Vicki Hollub said on Tuesday at the

CERAWeek conference in Houston, Texas.

Her outlook comes as U.S. President Donald Trump has vowed

to bolster fossil fuel production in the U.S. and lower prices

for consumers.

ConocoPhillips CEO Ryan Lance echoed Hollub's outlook in an

earlier conference panel on Tuesday. He anticipates U.S. oil

output to plateau by the end of this decade.

(Reporting by Liz Hampton in Denver)

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