Occidental Petroleum Corp. Stock Falls Friday, Underperforms Market
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Shares of Occidental Petroleum Corp. OXY slid 1.99% to $55.68 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.22% to 3,674.84 and the Dow Jones Industrial Average DJIA falling 0.13% to 29,888.78. This was the stock's third consecutive day of losses. Occidental Petroleum Corp. closed $18.36 below its 52-week high ($74.04), which the company achieved on May 31st.
Despite its losses, the stock outperformed some of its competitors Friday, as Exxon Mobil Corp. XOM fell 5.77% to $86.12, Chevron Corp. CVX fell 4.57% to $148.38, and ConocoPhillips COP fell 8.47% to $93.74.true Trading volume (51.5 M) eclipsed its 50-day average volume of 28.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 17, 2022.
(END) Dow Jones Newswires
June 17, 2022 17:13 ET (21:13 GMT)
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