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Why Occidental Petroleum Rallied in March

Apr 07, 2026 15:27 UTC

Key PointsOccidental rallied along with oil prices last month..

  • April 07, 2026 — 11:27 am EDT Written byBilly DubersteinforThe Motley Fool-> Occidental rallied along with oil prices last month
  • The company is benefiting from its deep, low-cost inventory in the Permian Basin
  • With the benefit of higher profits, Occidental could pay down a large portion of its debt this year

April 07, 2026 — 11:27 am EDT Written byBilly DubersteinforThe Motley Fool-> Occidental rallied along with oil prices last month. The company is benefiting from its deep, low-cost inventory in the Permian Basin. With the benefit of higher profits, Occidental could pay down a large portion of its debt this year. Shares ofOccidental Petroleum(NYSE: OXY)rallied 22.5% in March, according to data fromS&P Global Market Intelligence. Occidental was an obvious beneficiary of higher oil prices, which spiked in March after the war with Iran broke out on the last day of February. As a U.S.-centeredoil-an

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