Occidental Petroleum Surges to 433rd in Trading Volume with $364 Million Day

On May 30, 2025, Occidental Petroleum (OXY) experienced a significant trading volume of $364 million, marking a 48.54% increase from the previous day. This surge placed OXY at the 433rd position in terms of trading volume for the day. However, the stock price of Occidental Petroleum declined by 1.64%.

Despite a recent decline in market capitalization by $1.5 billion over the past week, Occidental Petroleum's shareholders have seen a substantial 213% increase in their investments over the past five years. This long-term growth reflects the company's resilience and strategic positioning within the energy sector.

Citigroup recently adjusted its target price for Occidental Petroleum, raising it from $42.00 to $44.00 and maintaining a "neutral" rating. This adjustment comes as part of Citigroup's ongoing analysis of the company's performance and future prospects.

Morgan Stanley has maintained its "buy" rating for Occidental Petroleum, keeping the target price at $48. This endorsement underscores the firm's confidence in the company's potential for growth and profitability.