Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, is an integrated oil and gas company with substantial exploration and production exposure. Valued at $55.56 billion by market cap, the company engages in the acquisition, exploration, and development of oil and gas properties in the U.S., the Middle East, and North Africa. It also produces a variety of basic chemicals, petrochemicals, polymers, and specialty chemicals.
Shares of this energy giant have underperformed the broader market over the past year. OXY has gained 3.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.1%. The entire gain over the past year came in 2024, compared to the SPX’s 10.4% rise on a YTD basis.
