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Commodities

Occidental Petroleum Rises with Oil Prices Amid Supply Tensions

Guavy AI Editorial Team
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Oil
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Occidental Petroleum Corporation's stock rose to $61.46 on September 13, 2026, as oil prices climbed due to supply tensions.

The East-West pipeline in Saudi Arabia was shut down after drone attacks, leading to a surge in Brent and West Texas Intermediate crude prices above $107 per barrel.

This has supported the valuation of US exploration and production companies, including Occidental Petroleum, which operates in the Permian Basin and has enhanced oil recovery operations.

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