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It's a step toward figuring out how carbon capture technologies will monetize their offerings. That could lead to billions of future cash flows.
Oil and gas giant Occidental Petroleum (OXY -0.15%) recently signed a deal with tech behemoth Amazon (AMZN 3.43%) for a 10-year carbon capture partnership. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the deal, the technology, and what it portends for Oxy's future beyond oil.
*Stock prices used were from the morning of Sept. 13, 2023. The video was published on Sept. 17, 2023.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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