Occidental Petroleum Corp. shares inched 0.19% higher to $31.30 Tuesday. This proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.03% to 4,291.80 and the Dow Jones Industrial Average DJIA rising 0.03% to 34,292.29.
Occidental Petroleum Corp. closed $1.71 below its 52-week high ($33.01), which the company reached on June 25th. The stock outperformed some of its competitors Tuesday, as Exxon Mobil Corp. XOM fell 0.62% to $62.62, Chevron Corp. CVX fell 0.22% to $103.76, and ConocoPhillips COP fell 0.91% to $59.05.
Occidental Petroleum Corp training volume (15.5 M) remained 2.4 million below its 50-day average volume of 17.9 M.Houston based petroleum Corp Occidental today announced that it has commenced offers to purchase for cash its outstanding senior notes listed in the table below and Consent Solicitations, upon the terms and conditions described in Occidental’s Offer to Purchase and Consent Solicitation Statement, dated June 29, 2021.
Occidental is offering to purchase up to a maximum aggregate purchase price, excluding accrued but unpaid interest, equal to $2.5 billion of its 2.700% Senior Notes due 2022 2.70% Senior Notes due 2023, 3.450% Senior Notes due 2024, 2.900% Senior Notes due 2024, 3.500% Senior Notes due 2025, 3.400% Senior Notes due 2026, 3.200% Senior Notes due 2026 and Floating Interest Rate Senior Notes due 2022. The Tender Offers will expire at 11:59 p.m., New York City time, on July 27, 2021, unless extended or terminated by Occidental. No tenders submitted after the Expiration Date will be valid.