Founded in 1920, Houston, Texas-based Occidental Petroleum Corporation (OXY) engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company has a market capitalization of $44.2 billion and operates through Oil and Gas, Chemical, Midstream and Marketing segments. OXY also manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride.
Shares of the energy company have underperformed the broader market over the past year but have rallied in 2026. OXY stock has declined 7% over the past 52 weeks and has surged 10.5% on a year-to-date (YTD) basis. In comparison, the S&P 500 Index ($SPX) has returned 15.2% over the past year and 1.8% in 2026.
