A significant investment of $500 million has been secured for the South Texas Direct Air Capture Hub, a project spearheaded by Occidental Petroleum (NYSE:OXY). This substantial funding will support the development of the hub, marking a crucial milestone in the project’s progression.
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It’s worth noting that I hold a beneficial long position in the shares of OXY, KMI, and XOM, and this article reflects my personal opinions and views. I am not receiving compensation for this article, and I have no business relationship with any company mentioned herein. As with any investment decision, it’s essential to conduct thorough research and review company documents to determine if an investment aligns with your individual qualifications and goals.
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