Occidental Petroleum's (OXY) share price has dropped 15.8% in the trailing twelve months compared with its industry's decline of 7.2%. OXY exposure to fluctuating market prices of commodities remains a concern. As of Dec. 31, 2023, there were no active commodity hedges in place, so if the commodity prices drop substantially, it can adversely impact Occidental's performance. The company has issued $5 billion of senior unsecured notes to fund the cash consideration of the CrownRock acquisitions. A huge increa ...