Occidental Drops 15.5% in Six Months: How to Play the Stock?

Occidental Petroleum’s (OXY) share price has dropped 15.5% in the last six months against the Zacks Oil and Gas Integrated – United States growth of 3.7%. The broader Zacks Oil and Energy sector dropped 4.1% in the same time frame.In the same time period, its peer ConocoPhillips (COP) has lost 3.1%, while Cactus Inc. (WHD) has gained 36.2%, both outperforming Occidental’s share price performance.OXY exposure to fluctuating market prices of commodities remains a concern. As of Dec. 31, 2023, there were no ac ...