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America Based Occidental Petroleum Corp Stock Performs Better

Occidental Petroleum Corp. shares inched 0.10% higher to $29.19 Tuesday. This proved to be an all-around mixed trading session for the Stock market, with the S&P 500 Index SPX rising 0.02% to 4,227.26 and the Dow Jones Industrial Average DJIA falling 0.09% to 34,599.82.

Occidental Petroleum Corp. closed $3.33 below its 52-week high ($32.52), which the company achieved on March 5th. The Stock underperformed when compared to some of its competitors Tuesday, as Exxon Mobil Corp. XOM rose 1.77% to $62.13, Chevron Corp. CVX rose 0.91% to $108.73, and ConocoPhillips COP rose 1.10% to $60.47.

Occidental Petroleum Corp trading volume (12.1 M) remained 4.8 million below its 50-day average volume of 16.9 M.This was the Stock second consecutive day of gains. Occidental Petroleum will begin trading ex-dividend on June 09, 2021. A cash dividend payment of $0.01 per share is scheduled to be paid on July 15, 2021. Shareholders who purchased OXY before the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that OXY has paid the same dividend. At the current Stock price of $29.16, the dividend yield is .14%.

OXY is a part of the Energy sector, which includes companies such as Exxon Mobil Corporation (XOM) and Total SE (TOT). OXY’s current earnings per share, an indicator of a company’s profitability, is -$14.96. The Zacks Research reports forecasted earnings growth in 2021 as 70.08%, compared to an industry average of 10%.

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