Houston, Texas-based Occidental Petroleum Corporation (OXY) is an integrated oil and gas company. It engages in the acquisition, exploration, and development of oil and gas properties. With a market cap of $51.9 billion, Occidental Petroleum’s operations span the United States, the Middle East, and North Africa.
The oil and gas giant has significantly underperformed the broader market over the past year. Over the past 52 weeks, OXY stock has declined 8.2%, compared to the S&P 500 Index’s ($SPX) 18.2% returns. In 2024, OXY stock dipped 2%, while SPX gained 11.5% on a YTD basis.
