Occidental Petroleum Trading Volume Drops 34.13% to $5.79 Billion Ranking 152nd in Market Activity

On June 25, 2025, Occidental Petroleum (OXY) experienced a significant decline, with its trading volume dropping by 34.13% to $5.79 billion, ranking 152nd in the day's stock market activity. The stock price fell by 0.14%, marking the third consecutive day of decline, with a total decrease of 7.03% over the past three days.

Occidental has made substantial progress in reducing its debt, lowering it by $6.8 billion over the past 10 months. This reduction has led to a decrease in annual interest expenses by $370 million, thereby boosting the company's net income.

The company has set its investment plans for 2025, aiming to allocate between $7.2 billion and $7.4 billion. A significant portion of this investment, ranging from $3.5 billion to $3.7 billion, will be directed towards the Permian Basin. This strategic focus on capital discipline and tier-one assets is expected to drive future growth.

Occidental's management has expressed optimism about the company's future prospects, highlighting their commitment to debt reduction and sustainable growth. The company has successfully achieved its near-term debt-reduction target, positioning itself for long-term financial stability and growth.