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Shares of Occidental Petroleum Corp. (OXY) shed 2.36% to $28.95 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.18% to 4,513.04 and Dow Jones Industrial Average falling 1.34% to 34,022.04. This was the stock's second consecutive day of losses. Occidental Petroleum Corp. closed $6.80 below its 52-week high ($35.75), which the company reached on October 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Exxon Mobil Corp. (XOM) fell 0.08% to $59.79, Chevron Corp. (CVX) fell 0.68% to $112.10, and ConocoPhillips (COP) fell 1.33% to $69.20. Trading volume (19.0 M) eclipsed its 50-day average volume of 17.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2021.
(END) Dow Jones Newswires
December 01, 2021 17:14 ET (22:14 GMT)
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