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Stock impact report

Occidental Petroleum Stock Investors See Things Go From Bad to Worse [Yahoo! Finance News]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Occidental Petroleum (NYSE:OXY) stock is in freefall. A year ago, shares traded for as much as $50. After the March crash, OXY stock enjoyed a considerable bounce back up to the $25 level. Since then, there’s been hardly any signs of life. Shares have lost the majority of their remaining value and now trade for less than $10 a pop. Source: Pavel Kapysh / Shutterstock.com With oil firming up a bit recently, it appeared that Occidental might finally be able to turn the corner. In September, Occidental stock rallied for a moment. However, management quickly snuffed that optimism out with another shockingly bad asset sale, as it sold off one of its best oil fields to private equity for an incredibly low price. Given this unexpected and highly unfortunate development, any enthusiasm for OXY stock has disappeared in the short-term. What had been trend lines in sync, specifically the United States Oil Fund, LP (NYSEARCA:USO), shifted around Oct. 14. Oil started a slow ascent while OXY stock Show less Read more
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