Occidental Petroleum Trading Volume Drops 39.9% to $294 Million, Ranked 10th in Daily Volume

On June 5, 2025, Occidental Petroleum (OXY) experienced a trading volume of $294 million, marking a 39.9% decrease from the previous day. The stock price of OXY declined by 0.21%, extending its losing streak to two consecutive days, with a total decrease of 2.04% over the past two days.

Occidental Petroleum has seen a notable surge in option trading activity, with 31,800 call options changing hands. This increased activity suggests heightened investor interest and potential speculative trading in the stock.

Occidental recently announced an offer to exercise warrants at a temporarily reduced price, which could impact the company's financials and shareholder value. This move is part of the company's strategy to manage its capital structure and optimize shareholder returns.

Despite its strong asset base, particularly in the Permian Basin, Occidental's stock has underperformed compared to its peers in 2025. This underperformance can be attributed to higher leverage and limited shareholder returns, which have weighed on investor sentiment.

In the first quarter of 2025, Occidental reported earnings per share (EPS) of $0.87, surpassing analyst estimates of $0.76 by 14.47%. This positive earnings report indicates strong operational performance and financial health, which could bolster investor confidence in the stock.