Shares of Occidental Petroleum Corporation (NYSE:OXY) traded at a new 52-week high today of $42.31. This new high was reached on below average trading volume as 11.7 million shares traded hands, while the average 30-day volume is approximately 17.1 million shares.
In the past 52 weeks, shares of Occidental Petroleum Corporation have traded between a low of $20.86 and a high of $42.31 and is now at $40.94, which is 96% above that low price.
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2020, the company reported net proved reserves of 2.9 billion barrels of oil equivalent. Net production averaged 1,306 thousand barrels of oil equivalent per day in 2020 at a ratio of 74% oil and natural gas liquids and 26% natural gas.
There is potential upside of 1,321.8% for shares of Occidental Petroleum Corporation based on a current price of $40.94 and an average consensus analyst price target of $582.08.
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