Occidental Petroleum Corp. Stock Falls Wednesday, Underperforms Market
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Shares of Occidental Petroleum Corp. OXY shed 3.63% to $55.77 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA falling 0.15% to 30,483.13. Occidental Petroleum Corp. closed $18.27 short of its 52-week high ($74.04), which the company reached on May 31st.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Exxon Mobil Corp. XOM fell 3.96% to $87.86, Chevron Corp. CVX fell 4.35% to $147.87, and ConocoPhillips COP fell 6.27% to $93.06.true Trading volume (37.7 M) eclipsed its 50-day average volume of 28.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 22, 2022.
(END) Dow Jones Newswires
June 22, 2022 17:13 ET (21:13 GMT)
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