On September 16, Occidental fell 3.21% in regular trading, trading at approximately $61.40 per share, with turnover of approximately $63.53 million. The decline came as international crude oil prices pulled back sharply after a sustained rally, dropping more than 1% intraday, with traders opting to lock in profits ahead of the upcoming Federal Reserve policy decision.

The broader integrated oil and gas sector was under widespread pressure. Exxon Mobil fell 1.95%, Petrobras fell 2.14%, Chevron fell 1.74%, Shell fell 1.59%, and BP fell 1.16%. Notably, Occidental had gained over 3% in the prior session after Wells Fargo raised its target price to $82, implying roughly 29% upside. The current pullback has largely erased that gain.

On the fundamental side, Occidental reported strong Q2 results, with revenue of $8.32 billion, up 57% year-over-year and beating estimates by over $1 billion. Adjusted EPS of $2.40 marked a four-year quarterly profit high. The company has raised its quarterly dividend twice this year and projects free cash flow improvement exceeding $1.2 billion, excluding oil price benefits.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)