Occidental Petroleum is an international oil and gas exploration and production company that focuses on the development of hydrocarbon resources. With operations spanning various regions around the globe, Occidental engages in the extraction of oil and natural gas, and is also involved in the chemical manufacturing sector, producing products used in a variety of industries. The company emphasizes sustainable practices and innovation in its operations, aiming to enhance environmental stewardship while delivering energy solutions to meet global demands. Read More
During the pre-market trading session on Monday, Shell PLC (NYSE: SHELL) and Occidental Petroleum Corp (NYSE: OXY) climbed 1.75% and 1.41%, respectively, whereas Exxon Mobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX) climbed 0.88% and 0.85%, each oil prices witnessed more than 3% surge on Monday. This was because the OPEC+ group decided to maintain the output increase for July, mirroring the hikes of the previous two months.
Billions in new buyback capacity, dividend initiation, and a Buffett-backed partnership are among the big news surrounding three large-cap U.S. stocks.
The U.S. President stated that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will send letters indicating what their trade partners will pay to do business in the United States.
Oil prices saw a considerable drop on Thursday. This decline is attributed to the potential U.S.-Iran nuclear deal and a sudden increase in U.S. crude oil inventories, triggering concerns of oversupply.
