Occidental Petroleum Corp. stock underperforms Friday when compared to competitors despite daily gains
Shares of Occidental Petroleum Corp. OXY advanced 2.24% to $51.03 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.33% to 42,313.00 and the S&P 500 Index SPX falling 0.13% to 5,738.17.
Forget Occidental Petroleum -- Buy This Magnificent High-Yield Energy Stock Instead
Occidental wants to compete with giants, but if you are looking for reliable dividends, you'll probably prefer this MLP.
The Occidental Petroleum Corp Enigma: What’s Causing the Wild Swings in OXY Stock?
Occidental Petroleum Corp (OXY) stock saw a decline, ending the day at $51.12 which represents a decrease of $-1.28 or -2.44% from the prior close of $52.4. The stock opened at $51.92 and touched a low of $51.
Occidental Petroleum Corp. stock underperforms Thursday when compared to competitors
This was the stock's second consecutive day of losses.
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.
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
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.
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