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Stock impact report

There’s no relief in sight for high gas prices [DailyFinance (AOL.com)]

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: DailyFinance
With gas prices averaging nearly $4.50 per gallon, distraught drivers might feel they’re due for a break. But gas prices seem likely to go higher, and maybe break $5 on average, as Russian oil disappears from the market and producers struggle to keep up with demand.“My expectation is it’s going to get worse for consumers,” Vicki Hollub, CEO of Occidental Petroleum, said at a May 13online forum sponsored by the Dallas Federal Reserve BankAmericans who have heard the nation is “energy independent” don’t understand why U.S. producers can’t just open the taps and bring prices down. But “energy independence” issomething of a myth[Are you doing anything creative to cope with high gas prices? We'dlove to hear about it.]President Biden has authorized a huge release of oil from the U.S. reserve, with other countries following suit. By November, that couldadd around 240 million barrels of oilcrude prices have dropped by about $10 per barrelVicki Hollub, President & Chief Executive Officer of Oc Show less Read more
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