---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42236497.md"
description: "$Occidental Petroleum(OXY.US) has barely moved, while $CNOOC(00883.HK) has seen a slight decline. Oil prices have retreated recently, and both of these oil and gas stocks seem lackluster. WTI is weakening in this wave (geopolitical premium fading), which should theoretically pressure the profit expectations of upstream exploration. Yet, neither stock has fallen much. Has the market already priced in low oil prices, or is the high dividend base supporting the valuation? It seems more like the latter is at play. The downward shift in oil price expectations was already anticipated; what's really propping up the share price is the certainty of dividends and cash flow."
datetime: "2026-06-26T10:28:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42236497.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42236497.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42236497.md)
author: "[星星莓](https://longbridge.com/en/profiles/28168126.md)"
---

# $Occidental Petroleum(OXY.US) has barely moved, wh…


### Related Stocks

- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [00883.HK](https://longbridge.com/en/quote/00883.HK.md)
- [600938.CN](https://longbridge.com/en/quote/600938.CN.md)
- [80883.HK](https://longbridge.com/en/quote/80883.HK.md)

## Comments (1)

- **葱葱葱 · 2026-06-26T14:48:58.000Z**: CNOOC has also dropped to the point of numbness.