Occidental Petroleum Corp. stock underperforms Thursday when compared to competitors - MarketWatch
Occidental Petroleum Corp. stock underperforms Thursday when compared to competitors - MarketWatch
Shares of Occidental Petroleum Corp. OXY, -1.75% slipped 1.75% to $59.97 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
+0.04%
rising 0.04% to 4,783.35 and the Dow Jones Industrial Average DJIA,
+0.14%
rising 0.14% to 37,710.10.
This was the stock's second consecutive day of losses.
Occidental Petroleum Corp. closed $7.96 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 Thursday, as Chevron Corp. CVX, -1.41% fell 1.41% to $149.77, EOG Resources Inc.
EOG,
-2.37%
fell 2.37% to $121.33, and Pioneer Natural Resources Co. PXD,
-1.74%
fell 1.74% to $224.85.
Trading volume (7.9 M) remained 1.9 million below its 50-day average volume of 9.8 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.