7. Occidental Petroleum Corporation (NYSE:OXY)
Intraday stock price: $55.50 | Down 1.07% | Volume: 2.20 million shares
Occidental Petroleum Corporation (NYSE: OXY) has a clear reason to feature in an article about oil stocks: the performance of its oil and gas business is central to the investment case.
Its latest quarterly results showed that connection. Occidental Petroleum Corporation (NYSE: OXY) reported $2.8 billion in second-quarter 2026 pretax oil and gas income, compared with $1.0 billion in the first quarter. That is a substantial improvement, although investors should examine how much came from commodity prices, production and other factors before assuming it will repeat.
Tuesday offered a reminder that strong reported results do not guarantee a rising share price. Occidental Petroleum Corporation (NYSE: OXY) was down 1.07% in the intraday screen. Its debt obligations, capital spending and sensitivity to future crude prices remain important parts of the story. For readers seeking an oil-sensitive stock, it belongs on the watchlist; for readers seeking steadier day-to-day performance, its Tuesday move gives them reason to look closely at the risks.
