Occidental Petroleum Corp shares rose 3.88% to 24.38 on Tuesday. This proved to be an all-around positive trading session. The stock market, with the S&P 500 Index SPX rising 0.15% to 4,486.23 and the Dow Jones Industrial Average DJIA rising 0.09% to 35,366.26.
Occidental Petroleum Corp. closed $9.12 below its 52-week high ($33.50), which the company achieved on July 1st. The stock outperformed some of its competitors Tuesday, as Exxon Mobil Corp. XOM rose 0.82% to $55.36, Chevron Corp. CVX rose 1.15% to $97.84, and ConocoPhillips COP rose 1.13% to $55.41.
The company said based on public health data, and out of an abundance of caution, we have extended our work from home program for U.S. office-based employees at least through October. Offshore workers are subject to a robust testing protocol that requires non-vaccinated people to quarantine for additional days before flying out to platforms in the Gulf of Mexico. Occidental is offering vaccines at its heliports.