Occidental Petroleum's G650ER lands in rural Ontario as oil prices return to pre-war levels

Occidental Petroleum's Gulfstream G650ER (tail N650XY) was tracked touching down at Arnstein Airport (CNR9), a small airstrip in rural Ontario, on June 25 — a curious destination for an oil giant whose fleet typically shuttles between Houston, Midland, and major energy hubs.

If Occidental Petroleum's leadership was aboard, they would have arrived the same week global oil prices fell back to levels not seen since before the Iran war, with Brent crude briefly dipping below $72.48 a barrel [bbc.co.uk](https://www.bbc.co.uk/news/articles/c0jy7d7wzv4o). The price drop follows a preliminary US-Iran agreement and the gradual reopening of the Strait of Hormuz — developments that directly affect Occidental's upstream revenue and the broader energy market's outlook.

The brief stay at a remote Ontario strip — far from Occidental's usual routes — may hint at a private retreat or a strategic offsite. The flight comes just as the company, per a Motley Fool analysis, is expected to generate over $1.2 billion in additional free cash flow this year after selling its OxyChem subsidiary and reducing debt [fool.com](https://www.fool.com/investing/2026/06/25/the-energy-sector-is-on-fire-is-occidental-petrole/). Whether in a boardroom or a lakeside cabin, the timing and location suggest a discussion of what comes next for the energy sector's most heavily watched independent driller.