Oxy CEO, at CERAWeek, says oil giant is open to expanding into nuclear: 'I'd love to'
Vicki Hollub, President and CEO of Oxy, talks with moderator Walter Isaacson during their Voices of Innovation session at CERAweek 2023 on March 6. “I think nuclear is going to have to be a key part of the energy equation going forward,” she said. “It's just a matter of which of the nuclear options are going to be most suitable.
Would the company move into nuclear energy? “I’d love to,” she said, adding that lithium extraction was on the table as well. Hollub also touted Oxy’s carbon capture strategy as an important path for the transition. Using captured carbon for enhanced oil recovery yields net-zero barrels of oil, she said, as it redeploys the carbon dioxide generated from burning oil for the purposes of extracting more.
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