OXY-OCCIDENTAL PETROLEUM CORP

Occidental Petroleum Shares Drop Over 4% Following Goldman Sachs Downgrade to Sell

Saturday

01 February, 2025

Occidental Petroleum is navigating a turbulent market after Goldman Sachs downgraded its rating to sell, causing shares to drop over 4%. With macroeconomic pressures at play, could this be a moment for savvy investors to reassess their strategies?

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Article Impact Score

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31
Key Takeaways
  • Recent stock declines for Occidental Petroleum are influenced by a downgrade from Goldman Sachs, which has established a $45 price target.
  • Broader market pressures, such as Federal Reserve comments and new tariffs, are exacerbating negative sentiment.
  • The stock has experienced over a 4% drop, suggesting potential bearish momentum.
  • Ongoing volatility in market reactions to economic news creates uncertainties for investors.
  • Overall, investing in Occidental Petroleum appears risky amid these challenging conditions.

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