Houston, Texas-based Occidental Petroleum Corporation (OXY) is an energy company that acquires, explores, develops and produces oil and natural gas. With a market cap of $40.6 billion, the company also manufactures and markets a range of essential chemical products, further diversifying its presence across the energy and industrial sectors.
Shares of this energy company have lagged the broader market by a considerable margin over the past 52 weeks. OXY has declined 17.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17.7%. Moreover, on a YTD basis, the stock is down 16.6%, compared to SPX’s 16.6% uptick.
