Occidental Petroleum Stock Rises 38% in 2026, Driven by March Rally
Occidental Petroleum (OXY) stock rose 38% year-to-date in 2026, with a significant 22% gain in March. The rally was driven by the sale of its chemical business to Berkshire Hathaway, debt reduction efforts, and improved oil prices. The stock had previously declined due to falling oil prices and high debt levels following its 2019 acquisition of Anadarko.
Tickers: $OXY
Topics: divestment M&A activity Occidental Petroleum oil and gas industry stock price movement