Occidental Petroleum Corp. shares inched 0.07% higher to $29.16 Monday, on what proved to be an all-around poor trading session for the Stock market, with the S&P 500 Index SPX falling 0.08% to 4,226.52 and Dow Jones Industrial Average DJIA falling 0.36% to 34,630.24.
Occidental Petroleum Corp. closed $3.36 short of its 52-week high ($32.52), which the company reached on March 5th. The Stock outperformed some of its competitors Monday, as Exxon Mobil Corp. XOM fell 0.65% to $61.05, Chevron Corp. CVX fell 0.65% to $107.75, and ConocoPhillips COP fell 0.07% to $59.81.
Petroleum had liabilities of US $8.63b falling due within a year, and liabilities of US $52.4b due beyond that. Offsetting this, it had US $2.27b in cash and US $3.05b in receivables that were due within 12 months. So its liabilities total US $55.7b more than the combination of its cash and short-term receivables.Petroleum’s falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax loss is even less appealing. Indeed, it lost a very considerable US $8.7b at the EBIT level.