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America based Occidental Petroleum Corp Shares Crashes

America based Occidental Petroleum Corp. shares shed 0.07% to $28.33 Thursday. This proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.47% to 4,239.18 and the Dow Jones Industrial Average DJIA rising 0.06% to 34,466.24.

Occidental Petroleum Corp. closed $4.19 short of its 52-week high ($32.52), which the company achieved on March 5th. The stock underperformed when compared to some of its competitors Thursday, as Exxon Mobil Corp. XOM rose 0.16% to $62.75, Chevron Corp. CVX rose 0.58% to $108.41, and ConocoPhillips COP rose 0.82% to $60.17.Occidental Petroleum Corp¬†trading volume (14.2 M) remained 2.7 million below its 50-day average volume of 16.9 M.This was the stock’s second consecutive day of losses. Occidental Petroleum has an impressive portfolio of assets and share prices have recovered dramatically over the past several years.

America based Occidental Petroleum Corp Shares CrashesAmerica based Petroleum Corporation shareholders are happy to see the share price up 12% in the last week. Meanwhile, over the last three years, the stock has dropped hard. Tragically, the share price declined 66% at that time. Some might say the recent bounce is to be expected after such a bad drop. After all, it could be that the fall was overdone.

Occidental Petroleum grew revenue at 9.3% per year. That’s a pretty good rate of top-line growth. That contrasts with the weak share price, which has fallen 18% compounded over three years. Occidental Petroleum provided a TSR of 20% over the last twelve months.

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