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Occidental Petroleum Leads Exxon Mobil, Chevron Ahead Of Next Week's Earnings

5 14 25

Like Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and other oil-and-gas producers, Occidental Petroleum (NYSE: OXY) has been forming a potentially constructive consolidation, rather than falling off a cliff.

Does that mean Occidental may be poised for more gains?

Let's take a look at the top three stocks with the heaviest concentrations within the S&P large-cap energy sector. Weightings are as follows:

Clearly, Occidental has less influence over sector-wide performance than its peers. But don't forget: Stocks frequently move in tandem with their broader industry or sector.

That's particularly true for stocks such as Occidental that constitute a smaller allocation within their industries or sectors.

Believe it or not, year-to-date, Occidental has returned 123.08%. That compares to Exxon Mobil's 49.93% return and Chevron's return of 28.95%.

Of course, that lower return for the two biggest stocks means that Occidental is also outpacing the broader sector, which has returned 34.95% year-to-date.

What's driving Occidental's price leadership?

For starters - and this may sound ridiculous - but with a market cap of $58.17 billion, Occidental is........

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