Occidental Petroleum's aircraft lands at Flying B Ranch as oil markets slide

Occidental Petroleum's Embraer ERJ-175, tail N170XY, was tracked flying from Midland International Air and Space Port to Flying B Ranch Airport in Texas on June 29, a 57-minute hop covering 374 nautical miles at a max altitude of 33,025 feet.

If Occidental Petroleum's CEO Vicki Hollub was aboard, the timing would align with a turbulent week for energy markets. Per a Reuters report, oil prices have tumbled to their lowest since early March as tanker traffic resumes through the Strait of Hormuz after the US-Iran peace deal, with Brent crude sliding 4.4% to $73.67 a barrel. The same day, US President Donald Trump publicly criticized oil firms for keeping pump prices high, urging the DOJ to investigate pricing practices, as covered by FXStreet.

The aircraft's recent flight history shows multiple hops between Houston and Midland over the past two days, consistent with shuttle operations connecting Occidental Petroleum's Houston headquarters to its Permian Basin operations. The company's three-aircraft fleet includes this ERJ-175, typically used for employee transport between corporate and field sites.