Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, is an integrated oil and gas company involved in acquiring, exploring, and developing oil and gas assets. With a market cap of $45.6 billion, OXY operates across the United States, the Middle East, and North Africa.
The oil and gas behemoth has significantly underperformed the broader market over the past year. Over the past 52 weeks, OXY stock has declined 16.8%, compared to the S&P 500 Index’s ($SPX) 35.8% returns. In 2024, OXY stock dipped 13.9%, while SPX gained 24.3% on a YTD basis.
