Occidental Petroleum Stock in Focus as $100 Oil Pushes OXY to $59

Occidental Petroleum Stock in Focus as $100 Oil Pushes OXY to $59

Occidental Petroleum shares fell 1% to $57.83 by midday Friday after earlier hitting $59.15, despite oil holding above $100 a barrel. Piper Sandler and Wells Fargo upgraded the stock, citing improved capital efficiency and higher crude prices. Brent crude traded at $101.83, its highest since August 2022. Occidental raised its debt tender offer cap to $1.2 billion on March 5. The post Occidental Petroleum Stock in Focus as $100 Oil Pushes OXY to …

Oxy Stock Rally Explained—Is Occidental the Quiet Winner of the Energy Boom?

Tanker trucks travel steadily through the industrial corridors close to Occidental Petroleum’s offices on a hot Houston morning. The faraway hum of refineries fills the air as workers in luminous jackets move past security gates. It’s not the kind of location that Silicon Valley venture capitalists or technology investors often find exciting. However, Oxy stock, or Occidental Petroleum shares as traders refer to them informally, has recently eme…