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Occidental Petroleum Corporation is a leading oil and gas corporation active in the US and the Middle East. One of the largest oil producers in Texas, the company is also engaged in the manufacture of gas liquids and petrochemicals.
Factors affecting the quote movement can be divided into external and internal ones. External ones are the actions and policies of the US government, especially in regard to the countries that the oil is imported from and exported to. Internal factors include the financial indicators influenced by the demand, revenue, expenses, net profit, etc. To make a smart investment, it’s necessary to examine the statistics and financial reports of the company. It’s also important to consider the news in the oil and gas industry, new discoveries, launch of new advanced production technologies.
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