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Occidental Petroleum Corp Shares Supersede 200DMA Mark

Occidental Petroleum Corp shares rose from 3.88% to 24.38 on Tuesday. This proved to be an all-around positive trading session. On the S&P 500 Index SPX rose from 0.15% to 4,486.23, and the Dow Jones Industrial Average DJIA rose from 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.

Occidental Petroleum Corp Trading volume (15.2 M) remained 1.7 million below its 50-day average volume of 16.9 M. This was the stock’s second consecutive day of gains. The petroleum firm has decided to expand the work-from-home at least till the end of October amidst soaring Covid-19 cases in the U.S.

In a recent email from the administrative department of Occidental, employees attending the office must be entirely vaccinated and take mandatory weekly Covid-19 tests.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.

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