Occidental Petroleum Corp. stock outperforms market on strong trading day - MarketWatch
Occidental Petroleum Corp. stock outperforms market on strong trading day - MarketWatch
Shares of Occidental Petroleum Corp. OXY, +2.26% advanced 2.26% to $60.30 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
+0.59%
rising 0.59% to 4,768.37 and the Dow Jones Industrial Average DJIA,
+0.68%
rising 0.68% to 37,557.92.
This was the stock's second consecutive day of gains.
Occidental Petroleum Corp. closed $7.63 short of its 52-week high ($67.93), which the company reached on January 27th.
The stock outperformed some of its competitors Tuesday, as Chevron Corp. CVX, +1.31% rose 1.31% to $151.64, EOG Resources Inc.
EOG,
+0.75%
rose 0.75% to $122.53, and Pioneer Natural Resources Co. PXD,
+1.18%
rose 1.18% to $231.48.
Trading volume (11.4 M) eclipsed its 50-day average volume of 10.0 M.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.