Occidental Petroleum Corp. closed $19.55 short of its 52-week high ($71.19), which the company achieved on April 12th.

That may seem like a big investment, but Occidental Petroleum stock should have strong upside from here given its growth plans. Buy and hold Occidental Petroleum stock. Occidental

Occidental took on massive debt in 2019 when it got into a bidding war with Chevron for Anadarko Petroleum. It ended up being one of the largest oil mergers ever as Occidental acquired the company and assumed Anadarko's debt in a deal valued at $57 billion.

Shares of Occidental Petroleum Corp. OXY dropped 0.60% to $51.75 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.29% to 5,618.26 and Dow Jones Industrial Average DJIA falling 0.25% to 41,503.10. The stock's fall snapped a four-day winning streak.