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Why Occidental Petroleum Stock Is Under Pressure Friday Afternoon - Occidental Petroleum (NYSE:OXY)
WTI crude plunged more than 14% as traders reassessed Occidental’s earnings outlook and analysts kept a Hold rating with a $61.93 average target.
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2 Articles
Why Occidental Petroleum Plunged Today
Key PointsOccidental fell as oil prices tumbled to their lowest levels since early March. President Trump said Iran and the U.S. were close to a deal to end the conflict. Iran's Foreign Minister said the Straight of Hormuz would re-open. 10 stocks we like better than Occidental Petroleum › Shares of Occidental Petroleum (NYSE: OXY) fell on Thursday, down as much as 8.6% at one point this morning, before returning to a 5.8% decline as of 1:30 p.m…
Why Occidental Petroleum Stock Is Under Pressure Friday Afternoon - Occidental Petroleum (NYSE:OXY)
Occidental Petroleum Corp (NYSE:OXY) shares were trading lower Friday afternoon after Iran said the Strait of Hormuz would remain fully open to commercial vessels during the ceasefire, a development that crushed oil prices and hit crude-linked producers like OXY. Here’s what investors need to know. Occidental Petroleum stock is among today’s weakest performers. What’s pressuring OXY stock? Oil Collapse Pressures Occidental's Profit Outlook WTI …
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