{"id":58799,"date":"2026-02-19T15:09:10","date_gmt":"2026-02-19T19:09:10","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/occidental-trims-spending-as-amd-backs-300m-ai-infrastructure-loan\/58799\/"},"modified":"2026-02-19T15:09:10","modified_gmt":"2026-02-19T19:09:10","slug":"occidental-trims-spending-as-amd-backs-300m-ai-infrastructure-loan","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/occidental-trims-spending-as-amd-backs-300m-ai-infrastructure-loan\/58799\/","title":{"rendered":"Occidental Trims Spending as AMD Backs $300M AI Infrastructure Loan"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Occidental Petroleum (<a href=\"\/stock\/OXY\">OXY<\/a>)<\/strong> plans to slash U.S. onshore capital spending by <strong>$400 million<\/strong> in 2026 compared to 2025 levels.<\/li>\n<li><strong>Advanced Micro Devices (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> is backstopping a <strong>$300 million<\/strong> loan for <strong>Crusoe<\/strong>, utilizing its own AI chips as collateral for the debt.<\/li>\n<li>The <strong>UK Government<\/strong> secured <strong>\u00a35.6 million<\/strong> in new funding from <strong>OpenAI<\/strong> to support the <strong>AI Security Institute\u2019s (AISI)<\/strong> Alignment Project.<\/li>\n<li><strong>Occidental<\/strong> expects capital spending to continue its downward trajectory through <strong>2027<\/strong> as it prioritizes debt reduction and cash flow.<\/li>\n<li>A global coalition including <strong>Amazon Web Services (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> and <strong>Anthropic<\/strong> has joined <strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong> in backing the UK\u2019s international AI safety initiatives.<\/li>\n<\/ul>\n<h2>Occidental Signals Multi-Year Spending Decline<\/h2>\n<p>Occidental Petroleum (<a href=\"\/stock\/OXY\">OXY<\/a>) announced a significant pivot toward capital discipline, revealing that its <strong>U.S. onshore spend<\/strong> will fall by <strong>$400 million<\/strong> in 2026 relative to 2025. The company expects lower volumes in the first quarter of 2026 and slightly lower midstream earnings for the full year.<\/p>\n<p>Management indicated that capital spending is expected to decline further into <strong>2027<\/strong>, a move aimed at strengthening the balance sheet following major acquisitions like <strong>CrownRock<\/strong>. <em>The company anticipates better visibility into macroeconomic trends during the second half of 2026<\/em>, allowing for more tactical adjustments to its Permian Basin and Rockies operations.<\/p>\n<h2>AMD Leverages Hardware for Strategic Financing<\/h2>\n<p>In a novel move to expand its footprint in the AI data center market, Advanced Micro Devices (<a href=\"\/stock\/AMD\">AMD<\/a>) is backstopping a <strong>$300 million<\/strong> loan for <strong>Crusoe<\/strong>. According to reports from <em>The Information<\/em>, the deal is uniquely structured with <strong>Crusoe<\/strong> pledging <strong>AMD chips<\/strong> as collateral to secure the debt.<\/p>\n<p>This financing arrangement highlights the growing value of high-end silicon as a financial asset in the AI era. By backstopping the loan, <strong>AMD<\/strong> is effectively lowering the barrier for &quot;neocloud&quot; providers to deploy its <strong>Instinct MI355X<\/strong> accelerators, directly challenging the market dominance of <strong>Nvidia<\/strong>.<\/p>\n<h2>UK Secures Major Pledges for AI Security<\/h2>\n<p>The <strong>UK Government<\/strong> has confirmed a major expansion of its <strong>AI Security Institute (AISI)<\/strong>, bolstered by new funding from <strong>OpenAI<\/strong> and Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>). <strong>OpenAI<\/strong> has pledged an additional <strong>\u00a35.6 million<\/strong> to the institute\u2019s <strong>Alignment Project<\/strong>, an initiative focused on ensuring advanced AI systems remain under human control.<\/p>\n<p>The project is now supported by a broad international coalition that includes <strong>Anthropic<\/strong> and Amazon Web Services (<a href=\"\/stock\/AMZN\">AMZN<\/a>). This influx of capital and corporate partnership is intended to fund research into <strong>AI alignment<\/strong>, building public trust as the technology is integrated into critical public services and national infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Occidental Petroleum (OXY) plans to slash U.S. onshore capital spending by $400 million in 2026 compared to 2025 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