Occidental Petroleum on Pace for Lowest Close in Over a Decade -- Data Talk
November 06 2019 - 02:48PM
Dow Jones News
Occidental Petroleum Corporation (OXY) is currently at $39.99,
down $1.92 or 4.58%
-- Would be lowest close since Nov. 20, 2008, when it closed at
$39.06
-- On Monday, Occidental Petroleum reported a third-quarter loss
for common shareholders of $912 million, or $1.08 a share, down
from a profit of $1.87 billion, or 2.44 a share, a year earlier.
The company's results were hurt by merger-related pretax costs,
including $969 million in merger-related expenses and
debt-financing fees, and an impairment charge. The company's profit
after adjustments of 11 cents a share fell short of forecasts from
analysts surveyed by FactSet, who had forecast 37 cents a share on
that metric
-- Down 34.85% year-to-date; on pace for worst year since 1998,
when it fell 42.43%
-- Down 63.98% from its all-time closing high of $111.02 on May
2, 2011
-- Down 45.75% from 52 weeks ago (Nov. 7, 2018), when it closed
at $73.72
-- Down 45.75% from its 52 week closing high of $73.72 on Nov.
7, 2018
-- Would be a new 52 week closing low
-- Sixth worst performer in the S&P 500 today
All data as of 2:09:18 PM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
November 06, 2019 14:33 ET (19:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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