Why These Oil Stocks Fell More Than 20% in September
Shares in oil drill companies Occidental Petroleum (NYSE: OXY), Continental Resources (NYSE: CLR) and Kosmos Energy (NYSE: KOS) fell more than 20% in September, according to S&P Global Market Intelligence. Of the three companies, Occidental - which also has transportation, storage and refining capabilities - saw the smallest decline at just 21.4%. Continental Resources, which operates primarily in Oklahoma and North Dakota, performed slightly worse, down 28.5%.
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