Occidental Petroleum Corporation (OXY) Company Bio
Occidental Petroleum engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company was founded in 1920 and is based in Houston, Texas.
Energy stocks enjoyed a broad rally Wednesday, with the sector posting the biggest gains among the S&P 500 11 key sectors, as oil prices jumped following data showing a drop in supply and as Hurricane Sally curtailed production. Chevron Corp.'s stock rallied 3.1% to be among the Dow Jones Industrial Average's top gainers, but was just the SPDR Energy Select Sector ETF's 24th-best performer. The energy ETF climbed 4.1% in afternoon trading, with all 26 components gaining ground. Among's the ETF's most-active members, shares of Occidental Petroleum Corp. jumped 9.3%, Marathon Oil Corp. hiked up 6.0%, Exxon Mobil Corp. rose 3.8%, Halliburton Co. advanced 4.9% and Schlumberger Ltd. shot up 5.1%. Meanwhile, crude oil futures climbed 4.5%.
HOUSTON, Sept. 14, 2020 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced the exchange of its 98% interest in the $260 million 6.50% fixed-rate note receivable due 2038 from Occidental Petroleum Corporation (NYSE: OXY) ("Occidental")…