Shares of Occidental Petroleum Corporation (NYSE:OXY) traded today at $33.50, eclipsing its 52-week high. Approximately 13.4 million shares have changed hands today, as compared to an average 30-day volume of 18.3 million shares.
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2020, the company reported net proved reserves of 2.9 billion barrels of oil equivalent. Net production averaged 1,306 thousand barrels of oil equivalent per day in 2020 at a ratio of 74% oil and natural gas liquids and 26% natural gas.
Occidental Petroleum Corporation share prices have moved between a 52-week high of $33.50 and a 52-week low of $8.52 and are now trading 281% above that low price at $32.49 per share.
Occidental Petroleum Corporation (NYSE:OXY) has potential upside of 10.0% based on a current price of $32.49 and analysts' consensus price target of $35.74.
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