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Occidental Petroleum Surges to Top 69 Most Actively Traded Stocks with $1.086 Billion in Trading Volume Amid Geopolitical Tensions and Warren Buffett's Investment
Generated by AI AgentAinvest Volume Radar
Friday, Jun 13, 2025 8:00 pm ET1min read
On June 13, 2025,
(OXY) saw a significant surge in trading volume, reaching $1.086 billion, marking a 151.62% increase from the previous day. This substantial rise placed among the top 69 most actively traded stocks for the day. The company's stock price also increased by 3.78%.Occidental Petroleum's stock performance was influenced by the geopolitical tensions in the Middle East, particularly the strike by Israel on Iran. This event led to a surge in oil prices, which in turn boosted energy stocks, including Occidental. The intensifying unrest in the region created a favorable environment for energy companies, driving up their stock prices.
In addition to the geopolitical factors, Warren Buffett's significant investment in Occidental Petroleum also played a role in the stock's performance. Buffett's purchase of nearly 265 million shares of Occidental common stock through Berkshire Hathaway has been seen as a vote of confidence in the company's future prospects. This high-profile investment has likely contributed to the positive sentiment surrounding Occidental's stock.
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