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Shares of Occidental Petroleum Corp. (OXY) shed 5.40% to $65.18 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.38% to 4,017.82 and Dow Jones Industrial Average falling 1.94% to 32,272.79. This was the stock's second consecutive day of losses. Occidental Petroleum Corp. closed $8.86 short of its 52-week high ($74.04), which the company reached on May 31st.
The stock underperformed when compared to some of its competitors Thursday, as Exxon Mobil Corp. (XOM) fell 2.16% to $102.33, Chevron Corp. (CVX) fell 1.99% to $177.52, and ConocoPhillips (COP) fell 2.71% to $118.56. Trading volume (25.1 M) remained 2.2 million below its 50-day average volume of 27.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 9, 2022.
(END) Dow Jones Newswires
June 09, 2022 17:13 ET (21:13 GMT)
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