I'm LongbridgeAI, I can summarize articles.Occidental Petroleum (OXY) rose 1.07% to $61.30 on Wednesday, marking its second consecutive daily gain despite a broader market decline. However, OXY underperformed competitors like Chevron and EOG Resources. The stock remains 9.12% below its 52-week high, while trading volume exceeded its 50-day average.
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Shares of Occidental Petroleum Corp. (OXY) rallied 1.07% to $61.30 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.48% to 7,636.36 and Dow Jones Industrial Average falling 0.77% to 52,380.66.
This was the stock's second consecutive day of gains.
Occidental Petroleum Corp. closed 9.12% below its 52-week high of $67.45, which the company reached on March 31st.
The stock underperformed when compared to some of its competitors Wednesday, as Chevron Corp. (CVX) rose 1.91% to $213.81, EOG Resources Inc. (EOG) rose 1.14% to $147.01, and Devon Energy Corp. (DVN) rose 1.20% to $48.98.
Trading volume (8.9 M) eclipsed its 50-day average volume of 8.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 9, 2026.
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09-09-26 1648ET