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, +0.61% inched 0.61% higher to $60.81 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
SPX,
+0.17%
rising 0.17% to 4,754.63 and the Dow Jones Industrial Average DJIA,
-0.05%
falling 0.05% to 37,385.97.
This was the stock's second consecutive day of gains.
Occidental Petroleum Corp. closed $7.12 short of its 52-week high ($67.93), which the company achieved on January 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Chevron Corp. CVX, +0.23% rose 0.23% to $151.05, EOG Resources Inc.
EOG,
+0.98%
rose 0.98% to $122.27, and Pioneer Natural Resources Co. PXD, -0.05% fell 0.05% to $228.63.
Trading volume (11.0 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.