Occidental Petroleum Corporation (#OXY) Stock Price, Live Chart & Analysis | Trade #OXY
Occidental Petroleum Corporation is one of the largest oil and gas exploration and production companies in the United States. The company was founded in 1920 and is headquartered in Houston, Texas, USA. Occidental’s oil and gas operations are principally located in the US, Colombia, and the Middle East. In addition to mining, the company produces PVC resins, chlorine, and caustic soda, which are used in plastic products and pharmaceuticals. Occidental Petroleum consistently ranks in prestigious rankings; for example, it ranks 167th on the Fortune 500. OXY stocks are traded on the New York Stock Exchange and included in the S&P500 index.
When trading OXY papers, one should closely monitor the general situation in the oil and gas sector. An increase in production presses down the demand for oil products. For example, during the price wars between Saudi Arabia and Russia in 2020, the oil price sharply dropped. Occidental Petroleum's profit fell, and so did the #OXY price
It is also important to consider geopolitical factors if your interests lie in oil production and trading. Sanctions, military conflicts, and trade wars can take hundreds of thousands of barrels a day out of the market, including the share of Occidental Petroleum. This will negatively affect the value of the company's shares.
News about Occidental Petroleum in the media may also suggest a further move for #OXY. Entering new markets and positive reporting can drive the stock price up. Conversely, withdrawal from large international projects will lead to the collapse of OXY. For example, following the news that Occidental Petroleum sold a field in Qatar, the company's shares significantly dropped in price.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
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SellBuyActive SellActive Buy
| Sell | 56.95 |
| Buy | 56.96 |
| Sentiment | 100% ▴ |
| 1-day change | -3.23(-5.37%) |
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#OXY (#OXY) shares’ cost is $56.96 for today. The highest rate of shares #OXY (#OXY) for today is $57.1100, the lowest price is $56.3700. The opening price was $57.04.
A real-time chart for #OXY (#OXY) shares quote is provided below.
Price chart of #OXY in real time mode
Available in trading accounts:
- ECN
- CLASSIC
Prev. Close57.21
Day's Range56.3700 - 57.1100
Opening57.04
52 wk Range55.04-71.18
Volume9,622,330
Shares Outstanding935,176,339
Average Volume8,696,495
Market Cap53.29B
1-Year Return-11.75%
EPS4.37
Beta1.64
Revenue27.12B
P/E Ratio12.97
Dividends0.88(1.54%)
Next Earnings Date2024-11-05
Spread0
Swap Long-6
Contract size1
Swap Short2.5
Stop&Limit Level0
| #AA | N/A | N/A | -0.42 | -1.29% |
| #ABBV | N/A | N/A | 8.4 | 4.47% |
| #ABT | N/A | N/A | 6.45 | 6.04% |
| #ADM | N/A | N/A | -0.71 | -1.15% |
| #AMWL | N/A | N/A | -2.03 | -19.77% |
| #AXP | N/A | N/A | 6.6 | 2.62% |
| #BA | N/A | N/A | -11.02 | -5.98% |
| #BABA | N/A | N/A | 4.04 | 5.10% |
| #BAC | N/A | N/A | 1.1 | 2.77% |
| #BB | N/A | N/A | -0.07 | -2.90% |
| #CAT | N/A | N/A | 11.36 | 3.30% |
| #CLX | N/A | N/A | 27.22 | 20.76% |
| #COTY | N/A | N/A | -0.48 | -4.87% |
| #CVX | N/A | N/A | -8.8 | -5.62% |
| #DIS | N/A | N/A | -3.11 | -3.33% |
| #DVN | N/A | N/A | -1.68 | -3.61% |
| #EDU | N/A | N/A | -0.05 | -0.08% |
| #F | N/A | N/A | 0.34 | 3.13% |
| #FIS | N/A | N/A | 6.07 | 7.95% |
| #FTI | N/A | N/A | -2.65 | -8.99% |
| #GD | N/A | N/A | 3.23 | 1.09% |
| #GE | N/A | N/A | 0.56 | 0.32% |
| #GPN | N/A | N/A | 10.02 | 9.94% |
| #HD | N/A | N/A | 1.11 | 0.30% |
| #HPQ | N/A | N/A | 0.12 | 0.33% |
| #IBM | N/A | N/A | 10.16 | 5.29% |
| #JNJ | N/A | N/A | 7.63 | 4.82% |
| #JPM | N/A | N/A | 14.05 | 6.67% |
| #KMI | N/A | N/A | 0.54 | 2.57% |
| #KO | N/A | N/A | 5.73 | 8.59% |
| #KODK | N/A | N/A | -0.49 | -8.51% |
| #LMT | N/A | N/A | 26.68 | 4.93% |
| #MA | N/A | N/A | 18.68 | 4.02% |
| #MCD | N/A | N/A | 25.11 | 9.53% |
| #MLM | N/A | N/A | -55.64 | -9.44% |
| #MMM | N/A | N/A | 8.5 | 6.73% |
| #MO | N/A | N/A | 4.3 | 8.69% |
| #MS | N/A | N/A | 0.79 | 0.77% |
| #NIO | N/A | N/A | -0.24 | -5.61% |
| #NSC | N/A | N/A | 7.85 | 3.16% |
| #OXY | N/A | N/A | -3.23 | -5.37% |
| #PFE | N/A | N/A | -1.24 | -4.10% |
| #PG | N/A | N/A | 10.45 | 6.49% |
| #PM | N/A | N/A | 8 | 6.94% |
| #RNG | N/A | N/A | -1.28 | -3.71% |
| #RTX | N/A | N/A | 6.62 | 5.67% |
| #SLB | N/A | N/A | -3.5 | -7.37% |
| #SNOW | N/A | N/A | -13.68 | -10.73% |
| #SQ | N/A | N/A | 2.79 | 4.41% |
| #STZ | N/A | N/A | -5.06 | -2.06% |
| #T | N/A | N/A | 0.74 | 3.86% |
| #TAP | N/A | N/A | 1.08 | 2.05% |
| #TME | N/A | N/A | -3.5 | -25.18% |
| #TOT | N/A | N/A | 1.61 | 2.39% |
| #V | N/A | N/A | 11.28 | 4.26% |
| #VMC | N/A | N/A | -28.04 | -10.29% |
| #VZ | N/A | N/A | 1.46 | 3.62% |
| #WMT | N/A | N/A | 8.17 | 11.83% |
| #XOM | N/A | N/A | -0.75 | -0.63% |
| #NFLX | N/A | N/A | 58.67 | 9.14% |
| #NKE | N/A | N/A | N/A | N/A |
Interesting facts about the #OXY (Occidental Petroleum Corporation)
Usually, large acquisitions strengthen the stock price. In 2019, Occidental Petroleum bought its main competitor Anadarko Petroleum. However, during the COVID-19 pandemic, the oil demand and price fell seriously. It is worth noting that the total debt of Occidental Petroleum rose to $75 billion, and the share price fell to $10 by February 2020.
Warren Buffett has been a big supporter of #OXY. In 2019, Berkshire Hathaway bought preferred shares of Occidental Petroleum as a part of Anadarko's purchase. In 2022, the holding acquired about 5.9 million ordinary shares. As a result, their value rose by 3.9% in one day.
The price of Occidental Petroleum shares was seriously affected in 2020 by falling oil prices amid the coronavirus crisis. The company had to write off its assets and cut its dividend to $0.01 per share. As a result, the #OXY rate fell sharply. However, in 2022, the company's shares became the best in the S&P 500 in the first quarter. Their value has doubled due to the growth of oil prices.
Occidental Petroleum is notorious for the biggest disaster in the oil industry. In 1988, a series of explosions occurred at the Piper Alpha offshore production platform in the North Sea, which resulted in the deaths of 167 people. In addition to serious economic losses for the company (the platform produced 10% of the oil in the offshore region), the tragedy affected the reputation of the entire oil industry. As a result, investors' confidence was undermined, so they preferred to invest in more reliable assets, which negatively affected the value of shares of oil and gas companies.
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