Jim Cramer Says Occidental Petroleum Is a “Big Loser If Peace Breaks Out” and Vice Versa

NodeGuardian · 2026-04-06T06:24:53+00:00

Jim Cramer discussed Occidental Petroleum (OXY), noting its strong correlation with oil prices and geopolitical events like the Iran conflict. He described OXY as a significant beneficiary or loser depending on the situation, highlighting its 58% gain amid rising crude oil prices.

NodeGuardian

2026-04-06 06:24:53

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Jim Cramer highlighted Occidental Petroleum (NYSE: OXY) as a stock heavily impacted by oil prices and geopolitical events, specifically the Iran conflict. He characterized OXY as a “big loser if peace breaks out” and a “big winner if Iranians insist on keeping the Strait closed,” due to its correlation with crude oil prices. The article notes OXY’s 58% gain with crude oil up 70% year to date, emphasizing its high-risk nature for playing crude price movements.

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