Occidental Petroleum Trading Volume Plummets 56.4% Ranking 184th in Market Activity

On March 24, 2025, Occidental Petroleum (OXY) experienced a significant decline, with its trading volume dropping by 56.4% to $487 million, ranking 184th in the day's stock market activity. The stock price fell by 0.04%, marking the second consecutive day of decline, with a total decrease of 0.08% over the past two days.

Occidental Petroleum's stock has underperformed compared to its industry over the past year, with a 25.2% drop in share price, outpacing the industry's decline of 15.7%. This underperformance has been attributed to falling oil prices and a bleak outlook for the oil industry in 2025.

Despite the challenges, Occidental Petroleum continues to pay an annual dividend of $0.96 per share, offering a dividend yield of 2.0%. This makes it an attractive option for investors seeking stable income.

Analysts have mixed opinions on the stock. Some view it as a defensive play against inflation, while others, like Jim Cramer, have described it as emblematic of a bad business. The stock has also been downgraded by Raymond James due to weaker oil prices and a bleak outlook for the industry.

However, there are also positive signs. The stock has been among billionaires' favorite oil and gas stocks, and some analysts have set a price target of $64 for the stock. Additionally, there has been a surge in options activity, indicating that some investors are betting on a rebound in the stock price.