If You'd Invested $250 in Occidental Petroleum 4 Years Ago, Here's How Much You'd Have Today
Occidental Petroleum (NYSE: OXY) stock has been a rocket in recent years. If you had invested $250 into the stock four years ago, you'd have roughly $1,250 today. That's a return of around 400%.
But there's a catch: Over the last six years, the total return of Occidental stock is around 0%. How is that possible? It's possible because shares fell by 80% from 2019 to 2021. The latest surge was simply the stock returning to its former levels.
What do you need to know about the stock today?
Source Fool.com