STRATOS
Project information
As at 31 December 2025
Description
As at 31 December 2025
STRATOS, OXY's first large-scale Direct Air Capture (DAC) facility in Ector County, Texas, is designed to capture up to 500,000 tons of CO2 per annum once complete. Operations expected to begin in 2026 with an initial capacity of up to 250,000 tons of CO2 per annum from trains 1 and 2; the remaining 250,000 tons capacity upon completion of trains 3 and 4. Operated as a joint venture with BlackRock (through its Diversified Infrastructure business). OLCV's 2025 midstream/marketing segment capex of $720M was majority related to STRATOS construction. OXY holds Class VI CO2 injection well permits for the project. OLCV has acquired access to >0.3M acres of pore space and continues to pursue additional sequestration hub permits.
Processing facilities
As at 31 December 2025
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