Investment Analysis of Occidental Petroleum: Balancing Short-Term Gains with Long-Term Stability
Investing in Occidental Petroleum: The Rollercoaster Ride
Occidental Petroleum stock has made investors small fortunes in recent years. Occidental Petroleum (NYSE: OXY) stock has been a rocket in recent years. If you had invested $250 into the stock four years ago, you'd have roughly $1,250 today. That's a return of around 400%.
The Catch: A Tale of Highs and Lows
But there's a catch: Over the last six years, the total return of Occidental stock is around 0%. How is that possible? It's possible because shares fell by 80% from 2019 to 2021. The latest surge was simply the stock returning to its former levels.
Key Insights for Investors
- Future tied with oil prices
- Profitability tied to high oil prices
- Transition amidst business acquisitions
Before investing in Occidental Petroleum, consider the long-term implications and external factors that could impact its performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.