This Oil Company Has A Better 1-Year Return Than Tesla, Lucid, Bitcoin, Ethereum And Dogecoin -Occidental Petroleum Corp (OXY), Tesla Motors (TSLA)

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Occidental Petroleum Corporation (NYSE: OXY) is an international leader in hydrocarbon expedition, and over the previous year, dealt with financiers to eye-popping returns.

Since March 2021, Occidental stock’s 1-year return has actually outshined numerous of the world’s most popular EV stocks and cryptocurrencies: Tesla Inc (NASDAQ: TSLA), Lucid Group Inc (NASDAQ: LCID), Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).

Occidental is an independent expedition and production business with operations in the United States, Latin America, and theMiddle East At completion of 2021, the business reported net showed reserves of 3.5 billion barrels of oil equivalent. Net production balanced 1,174 thousand barrels of oil comparable each day in 2021 at a ratio of 75% oil and gas liquids and 25% gas.

Also Read: United States Congressman Proposes New Taxes On Oil Companies Months After Buying Tesla Shares: What Investors Should Know

Occidental shares saw significant strength Thursday and were trading greater after Warren Buffett reported the purchase of 18,102,616 shares of the stock at a typical rate of $54.41 per share in a Form 4 filing onWednesday Shares of oil, energy and gas rates have actually likewise been trading greater in current weeks as the Russia-Ukraine dispute triggers supply issues.

Occidental was established in 1920 and is headquartered in Houston, Texas.

Here’s how the returns break down from March 2021 to today:

  • Tesla is up from $654.87 to $905.39 for a return of 38.25%
  • Lucid is below $26.88 to $25.67 for a return of -4.50%
  • Bitcoin is below $58,050.60 to $41,879.70 for a return of -33.44%
  • Ethereum is up from $1,808.95 to $2,954.14 for a return of 63.31%
  • Dogecoin is up from $0.0583 to $0.12 for a return of 105.83%

And lastly, Occidental Petroleum is up from $28.10 to $56.24 for a return of 100.14%

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