Occidental Petroleum Corp. stock underperforms Friday when compared to competitors
Occidental Petroleum Corp. closed $19.55 short of its 52-week high ($71.19), which the company achieved on April 12th.
Is Occidental Petroleum Stock a Buy?
Occidental took on massive debt in 2019 when it got into a bidding war with Chevron for Anadarko Petroleum. It ended up being one of the largest oil mergers ever as Occidental acquired the company and assumed Anadarko's debt in a deal valued at $57 billion.
The Occidental Petroleum Corp Stock Thriller: Decoding the Mystery Behind OXY’s Recent Movements
Wolfe Research has recently resumed Occidental Petroleum Corp (OXY) stock to Outperform rating, as announced on July 18, 2024, according to Finviz. Earlier, on May 16, 2024, Truist had reduced the stock from a Buy to Hold,
Occidental Petroleum Corp. stock underperforms Wednesday when compared to competitors
Shares of Occidental Petroleum Corp. OXY dropped 0.60% to $51.75 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.29% to 5,618.26 and Dow Jones Industrial Average DJIA falling 0.25% to 41,503.10. The stock's fall snapped a four-day winning streak.
Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Occidental Stock.
That may seem like a big investment, but Occidental Petroleum stock should have strong upside from here given its growth plans. Buy and hold Occidental Petroleum stock. Occidental
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