Valued at a market cap of $43.2 billion, Occidental Petroleum Corporation (OXY) acquires, explores, and develops oil and gas properties. The Houston, Texas-based company also manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, and ethylene dichloride, among others.
This energy company has lagged behind the broader market over the past 52 weeks. Shares of OXY have declined 27.1% over this time frame, while the broader S&P 500 Index ($SPX) has surged 16.6%. Moreover, on a YTD basis, the stock is down 11.1%, compared to SPX’s 7.8% return.
