Occidental Stock Down 20% in a Month: Time to Hold or Fold?

Occidental Petroleum’s (OXY) share price has dropped 19.8% in the past month compared with its industry’s decline of 12.7%. In the same period, the Zacks Oil & Energy sector has declined 11.9%.OXY’s exposure to fluctuating commodity prices remains a concern. As of Dec. 31, 2024, there were no active commodity hedges in place, so if the commodity prices drop substantially, it can adversely impact Occidental’s performance.Price Performance (One Month)Image Source: Zacks Investment ResearchOther operators in t ...