Occidental Petroleum Corp. Stock Outperforms Market On Strong Trading Day

Dow Jones2022-08-25

DJ Occidental Petroleum Corp. Stock Outperforms Market On Strong Trading Day

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Shares of Occidental Petroleum Corp. $(OXY)$ rallied 1.52% to $74.91 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.29% to 4,140.77 and the Dow Jones Industrial Average rising 0.18% to 32,969.23. This was the stock's second consecutive day of gains. Occidental Petroleum Corp. hit a new 52-week high, surpassing its previous peak of $74.84, which the company achieved on August 23rd.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Exxon Mobil Corp. $(XOM)$ rose 0.59% to $98.58, Chevron Corp. $(CVX)$ rose 0.74% to $163.19, and ConocoPhillips $(COP)$ rose 1.91% to $110.52. Trading volume (39.6 M) eclipsed its 50-day average volume of 27.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled August 24, 2022.

 

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August 24, 2022 17:13 ET (21:13 GMT)

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