Occidental Petroleum stock (OXY) has gained 17% today: here’s where to buy it

The price of Occidental Petroleum stock (OXY) is on a sharp rise. The stock has gained about 36.95% in the past month.

This comes at the backdrop of the ongoing war between Ukraine and Russia. Russia is a major exporter of oil products and the current sanctions against individuals and companies engaging with Russia have greatly impacted even oil exports out of Russia giving other major players in the industry a head start.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

To help stock investors interested in investing in Occidental Petroleum, Invezz has created a brief article on what it is and where to buy its stock.

To find out more, please continue reading.

Best places to buy the Occidental Petroleum stock

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Register with eToro instantly

Disclaimer

Firstrade

Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.

Register with Firstrade instantly

What is Occidental Petroleum stock?

Occidental Petroleum stock is the stock of Occidental Petroleum Corporation and it trades on the New York Stock Exchange using the ticker NYSE: OXY.

Occidental Petroleum Corporation is an American-based company that carries out hydrocarbon exploration in the United States, Colombia, and the Middle East. It also manufactures petrochemicals in Canada, the United States, and Chile.

Occidental Petroleum is headquartered in Houston.

Should I buy the OXY stock today?

If you want to invest in the stock of a petroleum mining company, then the OXY stock could be a good choice.

The prices of petroleum products are going through the roof especially following the current crisis in Eastern Europe after Russia invaded Ukraine. It is not certain whether the prices will keep rising throughout the year even after the war comes to an end.

OXY stock price prediction

Going by its strong market sentiments, analysts expect the price of OXY stock to continue rallying and possibly hit $60 before the end of March.