Over 1 Year Ago
1 Min Read

Off goes OXY. The stock plunged, today. Here's what's going on:

Shares of Occidental Petroleum Corp (OXY) are trading -5% lower at a price of $71.55 at the time of this writing. The stock is floundering behind peers on a slightly bearish day for the Energy sector.

Occidental Petroleum Corp has been trading between a 52-week high of $77.13 and a 52-week low of $24.28. The stock has a market cap of $67.1 Billion.

Occidental is an international energy company with assets in the United States, Middle East, Africa and Latin America. It is one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Its midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas.


Investing.com 08-30-22

Why Occidental Petroleum, Diamondback Energy, and Battalion Oil Corporation Soared Today
The Motley Fool 08-29-22

Occidental Petroleum Stock: Still Room To Grow (NYSE:OXY)
Seeking Alpha 08-29-22

Hedge Funds'' 21 Top Blue-Chip Stocks to Buy Now
Kiplinger 08-29-22

Better Buy: Occidental Petroleum or Kinder Morgan?
The Motley Fool 08-29-22

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

daveflav21 - 8 upvotes - source
Finally OXY is dumping, I've been waiting for more than a week now and my puts kept getting annihalated by theta

betaforever - 8 upvotes - source
Oxy, bbby calls and spy puts is what we doing today or what

deuce-deuce-pap - 6 upvotes - source
Civil war in Iraq and China river dry so no hydro power? Oxy gonna hulk dick so hard

jostradumass - 6 upvotes - source
OXY and BBBY calls again I guess.

Justheretolearnnn - 5 upvotes - source
So thoughts on oxy?

deuce-deuce-pap - 5 upvotes - source
My oxy 77c don’t feel so good

ScruffyBelievesInGME - 5 upvotes - source
Oil is $97 a barrel again = all my remaining cash on hand is now XOM. Already have OXY

Zeroknowledgeproof87 - 5 upvotes - source
Oxy making 52 week highs at $95 oil is mania. Puts

Sir_Trashbin - 4 upvotes - source
Where are the cucks that echo chambered that OXY had topped out at $73 and then downvote brigaded and flamed anyone that said otherwise last week

Zeroknowledgeproof87 - 4 upvotes - source
oxy is at 52 week high with $95 oil. overbought