Occidental Petroleum stock dropped 10% due to low production, harsh weather, and falling oil prices.

From Yahoo Finance: 2025-04-10 13:22:00

Shares of Occidental Petroleum (NYSE: OXY) dropped 10% today despite higher oil and gas prices in Q1. The company’s average realized price for crude oil was $71.07 per barrel, and natural gas liquid prices surged almost 19%. However, low production, harsh winter conditions, and falling oil prices due to the U.S.-China tariff war caused the stock to plummet. Occidental Petroleum, with high debt from the CrownRock acquisition, aims to reduce debt with cash flows and asset sales. While near-term challenges exist, long-term prospects look promising for this Warren Buffett-owned oil stock.



Read more at Yahoo Finance: Why Occidental Petroleum Stock Plunged 10% Today