Occidental Petroleum Corp. stock rises Thursday, still underperforms market - MarketWatch
Occidental Petroleum Corp. stock rises Thursday, still underperforms market - MarketWatch
Shares of Occidental Petroleum Corp. OXY, +0.45% inched 0.45% higher to $60.44 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
+1.03%
rising 1.03% to 4,746.75 and the Dow Jones Industrial Average DJIA,
+0.87%
rising 0.87% to 37,404.35.
Occidental Petroleum Corp. closed $7.49 below its 52-week high ($67.93), which the company reached on January 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Chevron Corp. CVX, +0.31% rose 0.31% to $150.71, EOG Resources Inc.
EOG,
-0.29%
fell 0.29% to $121.08, and Pioneer Natural Resources Co. PXD,
+0.76%
rose 0.76% to $228.74.
Trading volume (9.8 M) remained 176,275 below 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.