Skip to content

Occidental Petroleum’s Best Quarter Ever Blows Away Stock Market

  • Over 100% gain makes Oxy the top 1Q performer in S&P 500
  • Buffett buy, potential for large payouts provide a big boost
Video player cover image
Occidental CEO Says Oil Could Hit $150 a Barrel

Fueled by its leverage to rising oil prices and a big boost from the world’s top investor, Occidental Petroleum Corp. doubled this quarter and is the best performer in the S&P 500.

It is quite a turnaround for the oil explorer, which has struggled for years. The shares soared 101% over the last three months, marking the best quarter in the company’s history, as oil leaped over $100 a barrel. The next closest stock in the S&P 500 Index in the first quarter was Halliburton Co. with a 70% jump.