Stock Track | Occidental Petroleum Plummets 6.35% Intraday as Strait of Hormuz Announcement Weighs on Oil Prices

Stock Track

Apr 17

Occidental Petroleum's stock plummeted 6.35% during intraday trading on Friday, reflecting a sharp decline across the energy sector.

The sell-off was triggered by an announcement from Iran's foreign minister stating that the Strait of Hormuz will remain completely open for the remaining period of the ceasefire. This key maritime passage is a vital chokepoint for global oil shipments, and the reduction in immediate geopolitical risk concerns led to a significant drop in crude oil prices.

Lower oil price expectations negatively impact the valuation of oil exploration and production companies like Occidental Petroleum, as their future revenue and profitability are closely tied to commodity prices. The announcement prompted a broad market reassessment of the geopolitical risk premium embedded in energy stocks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1145100512"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1145100512\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1145100512?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-17 21:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1145100512","market":"nz","top_or_hot":-1,"title":"Stock Track | Occidental Petroleum Plummets 6.35% Intraday as Strait of Hormuz Announcement Weighs on Oil Prices","media":"Stock Track","content":"<p>Occidental Petroleum's stock plummeted 6.35% during intraday trading on Friday, reflecting a sharp decline across the energy sector.</p><p>The sell-off was triggered by an announcement from Iran's foreign minister stating that the Strait of Hormuz will remain completely open for the remaining period of the ceasefire. This key maritime passage is a vital chokepoint for global oil shipments, and the reduction in immediate geopolitical risk concerns led to a significant drop in crude oil prices.</p><p>Lower oil price expectations negatively impact the valuation of oil exploration and production companies like Occidental Petroleum, as their future revenue and profitability are closely tied to commodity prices. The announcement prompted a broad market reassessment of the geopolitical risk premium embedded in energy stocks.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Occidental Petroleum Plummets 6.35% Intraday as Strait of Hormuz Announcement Weighs on Oil Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Occidental Petroleum Plummets 6.35% Intraday as Strait of Hormuz Announcement Weighs on Oil Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-04-17 21:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Occidental Petroleum's stock plummeted 6.35% during intraday trading on Friday, reflecting a sharp decline across the energy sector.</p><p>The sell-off was triggered by an announcement from Iran's foreign minister stating that the Strait of Hormuz will remain completely open for the remaining period of the ceasefire. This key maritime passage is a vital chokepoint for global oil shipments, and the reduction in immediate geopolitical risk concerns led to a significant drop in crude oil prices.</p><p>Lower oil price expectations negatively impact the valuation of oil exploration and production companies like Occidental Petroleum, as their future revenue and profitability are closely tied to commodity prices. The announcement prompted a broad market reassessment of the geopolitical risk premium embedded in energy stocks.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OXY","symbol_name":"西方石油","start_time":0,"source_url":"","article_id":"1145100512","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145100512","pubTimestamp":1776432921,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Occidental Petroleum's stock plummeted 6.35% during intraday trading on Friday, reflecting a sharp decline across the energy sector.The sell-off was triggered by an announcement from Iran's foreign...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OXY":"西方石油"},"translate_title":"股票赛道|霍尔木兹海峡公告打压油价西方石油盘中暴跌6.35%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OXY":1},"content_text":"Occidental Petroleum's stock plummeted 6.35% during intraday trading on Friday, reflecting a sharp decline across the energy sector.The sell-off was triggered by an announcement from Iran's foreign minister stating that the Strait of Hormuz will remain completely open for the remaining period of the ceasefire. This key maritime passage is a vital chokepoint for global oil shipments, and the reduction in immediate geopolitical risk concerns led to a significant drop in crude oil prices.Lower oil price expectations negatively impact the valuation of oil exploration and production companies like Occidental Petroleum, as their future revenue and profitability are closely tied to commodity prices. The announcement prompted a broad market reassessment of the geopolitical risk premium embedded in energy stocks.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}