America based Occidental Petroleum Corp. shares were unchanged Friday. This proved to be an all-around great trading session for the Stock market, with the S&P 500 Index SPX rising 0.19% to 4,247.44 and the Dow Jones Industrial Average DJIA rising 0.04% to 34,479.60.
Occidental Petroleum Corp. closed $4.19 below its 52-week high ($32.52), which the company reached on March 5th. The Stock outperformed some of its competitors Friday, as Exxon Mobil Corp. XOM fell 0.92% to $62.17, Chevron Corp. CVX fell 0.46% to $107.91, and ConocoPhillips COP fell 0.33% to $59.97.Occidental Petroleum Corp trading volume (10.8 M) remained 6.1 million below its 50-day average volume of 16.9 M. Occidental Petroleum said on Thursday it would sell some of its acreages in Texas’ Permian basin to an affiliate of private equity-backed Colgate Energy Partners III LLC for $508 million.
This transaction brings our post-Colombia divestiture total to over $1.3 billion of the planned $2 billion to $3 billion, and since August 2019 we have divested more than $9 billion of assets. Occidental sold its onshore assets in Colombia in 2020.
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