Occidental Petroleum Surges to 251st in Trading Volume with $433 Million Day Despite Stock Decline

On April 30, 2025, Occidental Petroleum (OXY) saw a trading volume of $433 million, marking a 55.62% increase from the previous day. This surge placed the company at the 251st position in terms of trading volume for the day. However, the stock price of Occidental Petroleum declined by 2.33%, marking the second consecutive day of decline, with a total decrease of 2.72% over the past two days.

Occidental Petroleum is set to launch its first plant near Odessa, Texas, this summer. The plant, which has received an investment of $500 million, including contributions from BlackRock, is designed to capture CO2 directly from the air. This initiative is part of Occidental's broader strategy to reduce carbon emissions and enhance its environmental sustainability efforts.

Occidental Petroleum's Chief Executive, Vicki Hollub, has emphasized the company's commitment to innovative solutions for carbon management. The new plant will not only capture CO2 but also inject it into old oilfields, a process that aims to enhance oil recovery while sequestering carbon underground. This dual-purpose approach aligns with Occidental's goal of achieving net-zero emissions by leveraging advanced technologies and sustainable practices.