Thread regarding Occidental Petroleum Corp. layoffs

Why Oxy Stock down

Why is Oxy stock down today with such great earnings numbers. Is this already built into the current price and the lack of investment grade bond rating and pi-s poor dividend is just dragging it down once again. Still the company seems to be doing well and layoffs probably won’t happen now.

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Post ID: @OP+1i2DVEyH

7 replies (most recent on top)

The company screwed it up by announcing no growth. What the he-l is going on.

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Post ID: @1kfd+1i2DVEyH

The company isn't worth as much as people think?

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Post ID: @1mix+1i2DVEyH

The stock should have bumped up or at least been level today. Very dissapointing.

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Post ID: @1cbi+1i2DVEyH

Demand for oil products is decreasing, and it has nothing to do with OPEC. Business activity is beginning to slow down across the globe. Hiring is slowing down, and we will be seeing unemployment rise shortly. Rising unemployment and high inflation is a toxic mixture that is going to do a lot of harm over the next 12 to 18 months. This may make the Fed less likely to hike interest rates which will only prolong the inflationary period. We’re in for a rough ride ahead.

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Post ID: @1zjk+1i2DVEyH

Oxy is on the right track for sure and the stock should reflect that soon. Look at the debt paid back and the stock repurchases which are all good. Once the investment grade is up that will be even better. Like the previous poster said all oil stocks are down, but 100K barrels a day increase from OPEC is nothing and the market just had a knee jerk reaction. We are headed in the right direction for sure and today was positive.

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Post ID: @mxu+1i2DVEyH

Industry is down across the board. Much ado about nothing.

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Post ID: @vxc+1i2DVEyH

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