On July 29, Occidental rose 3.01% in pre-market trading, trading at $55.56/share, with turnover of $1.5794 million.

On the news front, a full-scale escalation of Middle East geopolitical conflict has placed both the Strait of Hormuz and Red Sea shipping channels under significant pressure, driving a sharp return of crude oil geopolitical risk premiums and pushing international oil prices into a strong rebound. Brent crude has rebounded sharply from $70 to approximately $100, lifting the broader energy sector. Goldman Sachs had previously warned that Hormuz Strait oil flow had dropped to 70% of normal levels, with Persian Gulf crude output still showing a gap exceeding 10 million barrels per day versus pre-war levels.

Within the Integrated Oil and Gas sector, the overall sector rallied broadly. Among individual stocks, BP up 3.74%, Exxon Mobil up 2.55%, Petrobras up 2.32%, Chevron up 2.03%, SHELL up 1.96%. Additionally, Occidental is scheduled to report earnings on August 5, with consensus EPS expectations at $1.94, and institutional sentiment leaning bullish.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)