Occidental Petroleum is trading at $61.39, down -4.08%, in line with an energy-sector sell-off as crude prices fell on renewed hopes of diplomatic progress between Iran and the United States.
- Reuters reported oil fell more than 4% on November 2, while AFP reported energy majors declined as fuel prices dropped.
- No clear Occidental Petroleum-specific catalyst surfaced. The company’s next quarterly results are scheduled for November 9.