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Stock Charts AI Power Rank: 1.5
Power Rank trend -> Falling
07/26/2024 16:25:00 EST
Occidental Petroleum Corporation (OXY)
Industry: Oil & Gas E&P
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, OXY has been trading in a range between $63.73 and $60.41 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Occidental Petroleum Corporation $OXY entered a Red zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $71.25, a potential upside of 17.69% from the recent price of 60.54. The stock is trading 17.15% (potential upside) below its 52 week high of $70.92 and 10.64 % (potential downside) above its 52 week low of $54.72 - based on the recent price.
Company Summary
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
News
| Occidental (OXY) Gains 5.4% in 15 Days: Should You Hold or Fold? Occidental's (OXY) premier position in the Permian basin and ongoing initiatives to strengthen its balance sheet are likely to boost its performance despite its premium valuation and lower return than the industry. Source: Zacks Investment Research Fri, 26 Jul 2024 10:25:51 -0400 Sentiment: Positive |
| Occidental Announces Dividend HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on October 15, 2024, to stockholders of record as of the close of business on September 10, 2024. Source: GlobeNewsWire Thu, 25 Jul 2024 12:00:00 -0400 Sentiment: Neutral |
| Here's Why Occidental Petroleum (OXY) Fell More Than Broader Market In the latest trading session, Occidental Petroleum (OXY) closed at $60.41, marking a -1.31% move from the previous day. Source: Zacks Investment Research Tue, 23 Jul 2024 19:05:59 -0400 Sentiment: Negative |
| 3 Oil Stocks to Buy if Trump Pulls Off a November Win Close to my home in Chapel Hill, North Carolina, is the factory site for VinFast Auto (NASDAQ: VFS ), the Vietnamese electric vehicle company. Taxpayer funding is involved, so the media covers VinFast well. Source: InvestorPlace Tue, 23 Jul 2024 13:00:00 -0400 Sentiment: Positive |
| U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports The U.S. Federal Trade Commission is probing executives from major oil firms, including Hess Corp , Occidental and Diamondback Energy over their communications with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter. Source: Reuters Fri, 19 Jul 2024 16:00:08 -0400 Sentiment: Negative |
Technicals 52 Week Hi: 70.9218 52 Week Low: 54.7183 Beta: 1.636 50 Day MA: 61.713 200 Day MA: 61.6721 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.248 Qtr Revenue Growth YOY: -0.173 Forward PE: 19.1571 Trailing PE: 17.4942