Occidental Petroleum Surges to Top 108 Most Actively Traded Stocks with $15.18 Billion in Trading Volume

On April 9, 2025, Occidental Petroleum (OXY) saw a significant surge in trading volume, reaching $15.18 billion, marking a 63.16% increase from the previous day. This substantial rise placed Occidental among the top 108 most actively traded stocks for the day, with its share price increasing by 11.41%.

Fitch Ratings has upgraded Occidental Petroleum's rating outlook from Stable to Positive, while maintaining its 'BBB-' rating. This revision reflects the company's accelerated debt reduction efforts and improved financial health.

Occidental reported that its average realized price for oil output increased to $71.07 per barrel in the first quarter of 2025, up from $69.73 per barrel in the previous quarter. This price increase is a positive indicator for the company's revenue and profitability.

In 2024, Occidental achieved a reserve replacement ratio of 230%, meaning the company added more oil and natural gas reserves than it utilized. This strong reserve replacement ratio underscores Occidental's commitment to maintaining and growing its resource base, which is crucial for long-term sustainability and growth.

Occidental Petroleum secured permits from the U.S. Environmental Protection Agency (EPA) to store carbon dioxide in Texas. This development is significant as it positions Occidental at the forefront of carbon capture and storage technologies, aligning with broader environmental initiatives and potentially enhancing the company's reputation and market standing.