Occidental Petroleum Stock Slides Wednesday: What's Happening?

Shares of Occidental Petroleum Corp (NYSE:OXY) are trading lower Wednesday as energy equities experience broad profit-taking alongside a pullback in crude oil prices. The weakness in benchmark energy commodities comes as fresh market data indicates a weekly drawdown in U.S. crude inventories, dampening immediate commodity momentum alongside sector-wide risk mitigation ahead of the Federal Reserve’s afternoon interest rate decision. Occidental Petroleum stock is taking a hit today. Why are OXY sh