Occidental Petroleum stock
After a dismal performance for most of 2017, Occidental Petroleum (OXY) stock has recently been mostly in a consistent uptrend. On a year-over-year basis, OXY stock has risen ~10%.
Occidental Petroleum stock has been driven primarily by crude oil price (UCO) movements, as the graph above shows. Crude oil prices have risen ~24.8% on a year-over-year basis.
In its 3Q17 earnings release, OXY noted that it had made “continued progress toward breakeven plan that sustains dividends and growth capital.” Management added that the company delivered “basin-leading well results across multiple development areas and benches in Permian Resources and realized immediate operational improvements from our recent acquisition in the EOR business. These efforts further de-risk our breakeven plan.”