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.
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%.