Shares of Occidental Petroleum Corp. OXY, +0.68% shed 2.92% to $24.91 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.46% falling 0.13% to 4,514.07 and Dow Jones Industrial Average DJIA, -0.43% falling 0.20% to 35,031.07. This was the stock’s third consecutive day of losses. Occidental Petroleum Corp. closed $8.59 below its 52-week high ($33.50), which the company reached on July 1st.
The stock underperformed when compared to some of its competitors Wednesday, as Exxon Mobil Corp. XOM, +0.07% fell 0.92% to $54.05, Chevron Corp. CVX, -0.40% fell 0.69% to $96.39, and ConocoPhillips COP, +0.54% fell 1.25% to $55.28. Trading volume (12.6 M) remained 2.5 million below its 50-day average volume of 15.1 M.