Occidental Petroleum Corp. Stock Rises Tuesday, Outperforms Market

James River Group Holdings Ltd

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Financials : Insurance | Small Cap Value
Based in Bermuda

Company profile

James River Group Holdings, Ltd. owns and operates a group of specialty insurance and reinsurance companies. It operates in four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance and Corporate and Other. Excess and Surplus Lines segment offers commercial excess and surplus lines liability and property insurance. Specialty Admitted Insurance segment approaches the insurance market in two ways: as a risk bearing underwriter, and as a fronting company. Its risk bearing underwriting is focused on niche classes within the insurance markets, such as workers’ compensation coverage for residential contractors, light manufacturing operations, transportation workers and healthcare worker. Casualty Reinsurance segment primarily provides proportional and working layer casualty reinsurance to third parties (primarily through reinsurance intermediaries). Corporate and Other segment consists of the management and treasury activities of its holding companies.

Occidental Petroleum Corp. Stock Rises Tuesday, Outperforms Market

5:13 pm ET June 21, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Occidental Petroleum Corp. OXY rose 3.93% to $57.87 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 2.45% to 3,764.79 and the Dow Jones Industrial Average DJIA rising 2.15% to 30,530.25. The stock's rise snapped a three-day losing streak. Occidental Petroleum Corp. closed $16.17 short of its 52-week high ($74.04), which the company achieved on May 31st.

The stock underperformed when compared to some of its competitors Tuesday, as Exxon Mobil Corp. XOM rose 6.22% to $91.48, Chevron Corp. CVX rose 4.19% to $154.59, and ConocoPhillips COP rose 5.91% to $99.28. Trading volume (31.1 M) eclipsed its 50-day average volume of 28.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 21, 2022.

(END) Dow Jones Newswires

June 21, 2022 17:13 ET (21:13 GMT)