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Why Occidental Petroleum Is the Least Volatile E&P Stock

Kurt Gallon
Why Occidental Petroleum Is the Least Volatile E&P Stock

Occidental Petroleum (OXY), an E&P (exploration and production) company involved in oil & gas exploration & production, midstream activities, and the manufacturing of chemicals, is the least volatile E&P stock. OXY’s 200-day volatility was 20.9%, which was lower than that of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 27.6% and the Alerian MLP ETF (AMLP) at 21.6%. This could be attributed to low earnings volatility resulting from the company’s business diversification. Oil and gas, chemical, and midstream and marketing formed 59.4%, 23.9%, and 16. ...