Shares of Occidental Petroleum Corp. OXY, 4.99% dropped 0.10% to $31.27 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, 0.31% rising 0.13% to 4,297.50 and the Dow Jones Industrial Average DJIA, 0.25% rising 0.61% to 34,502.51. Occidental Petroleum Corp. closed $1.74 short of its 52-week high ($33.01), which the company achieved on June 25th.
The stock underperformed when compared to some of its competitors Wednesday, as Exxon Mobil Corp. XOM, 0.40% rose 0.73% to $63.08, Chevron Corp. CVX, 1.49% rose 0.94% to $104.74, and ConocoPhillips COP, 3.51% rose 3.13% to $60.90. Trading volume (12.8 M) remained 5.0 million below its 50-day average volume of 17.9 M.