Occidental's stock surged 7.78% in night session trading, as the oil and energy sector experienced broad gains.
The rally was driven by positive sentiment in the oil market, with multiple oil stocks jumping significantly during overnight trading. Battalion Oil led the gains with a 21% increase, followed by Indonesia Energy up 13%, USEG up 11%, and USO and Apache up 7%. Occidental and PBR were among the gainers, reflecting the sector-wide upward movement.