Occidental Petroleum Shares Decline Amid Crude Price Plunge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2026
0mins
Source: Fool
Occidental Petroleum Corp's stock fell by 3.04% as it hit a 20-day low, reflecting the broader decline in energy shares following a significant drop in crude prices.
The decline in Occidental's stock is primarily due to the collapse in crude prices, with Brent crude futures falling 5.2% to $82.83 per barrel and U.S. West Texas Intermediate dropping 5.6% to $80.09 per barrel. This price drop has negatively impacted investor confidence in energy stocks, including Occidental, as the market reacts to geopolitical developments and concerns over future oil prices.
The implications of this price movement suggest that Occidental Petroleum may face continued pressure on its stock price as crude prices remain volatile. Investors will be closely monitoring the situation, particularly in light of the recent U.S.-Iran preliminary pact that could affect oil supply dynamics.
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Analyst Views on OXY
Wall Street analysts forecast OXY stock price to fall
16 Analyst Rating
4 Buy
9 Hold
3 Sell
Hold
Current: 53.040
Low
38.00
Averages
47.27
High
64.00
Current: 53.040
Low
38.00
Averages
47.27
High
64.00
About OXY
Occidental Petroleum Corporation is an international energy company with assets primarily in the United States, the Middle East and North Africa. The Company is an oil and gas producer in the United States, including a producer in the Permian and DJ basins, and the offshore Gulf of Mexico. It operates through two segments, which include oil and gas and midstream and marketing. The oil and gas segment explores for, develops and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. It also optimizes its transportation and storage capacity and invests in entities that conduct similar activities. The midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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