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Stock impact report

Jim Cramer Says Occidental Petroleum Is a “Big Loser If Peace Breaks Out” and Vice Versa [Yahoo! Finance]

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
Company Research Source: Yahoo! Finance
biggest laggards for the first quarter . Cramer highlighted a mixed forecast for the stock depending on the Iran conflict, as he commented: Next up, I was a little surprised that with crude oil up more than 70% year to date, there were only three oil plays among the S&P's top 10 performers, APA, Texas Pacific Land, which you know we've liked a lot, and Occidental Petroleum, which frankly we haven't liked at all… How about OXY? Occidental Petroleum's up 58%. Ever since OXY, as it's known, acquired Anadarko nearly seven years ago, it became the higher risk way to play the price of crude. People do that. Instead of buying a crude index, they buy Occidental. When oil goes higher, this stock rallies hard, but when oil comes down, the stock gets pulverized. Basically, OXY's a big loser if peace breaks out and a big winner if Iranians insist on keeping the Strait closed. Photo by Adam Nowakowski on Unsplash Occidental Petroleum Corporation (NYSE:OXY) explores for and produces oil, natu Show less Read more
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