Vicki Hollub, president and CEO of Occidental Petroleum, said Friday during a web conference among Federal Reserve officials, lawmakers and energy executives that consumers should expect the prices of oil and gasoline to remain elevated and for energy firms to keep prioritizing returns for investors.
Don't expect high gas prices to decrease anytime soon, oil executive warns
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Hollub's ideas are appreciated by OPEC Secretary General Mohammed Barkindo and top executives from British Petroleum and Royal Dutch Shell, but she says “the U.S. CEOs, I don’t really get much feedback from them on this, face-to-face.”
Insider Q&A: Occidental wants to be Tesla of carbon capture
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