Occidental Petroleum Corp. stock rises Monday, outperforms market - MarketWatch
Occidental Petroleum Corp. stock rises Monday, outperforms market - MarketWatch
Shares of Occidental Petroleum Corp. OXY, +0.70% inched 0.70% higher to $58.97 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
SPX,
+0.45%
rising 0.45% to 4,740.56 and the Dow Jones Industrial Average DJIA,
+0.00%
remaining mostly unchanged at 37,306.02.
Occidental Petroleum Corp. closed $8.96 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 Monday, as Chevron Corp. CVX, +0.22% rose 0.22% to $149.68, EOG Resources Inc.
EOG,
+1.26%
rose 1.26% to $121.62, and Pioneer Natural Resources Co. PXD,
+0.72%
rose 0.72% to $228.79.
Trading volume (9.1 M) remained 1.0 million below its 50-day average volume of 10.1 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.