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The Friday slump also saw a notable drop in trading volumes for Occidental Petroleum, with only 8 million shares changing hands, significantly lower than the daily average trading volume of 9.3 million shares.
The downward trend was not confined to Occidental Petroleum alone. Other energy companies, such as Chevron Corp. (NYSE:CVX), EOG Resources Inc (NYSE:EOG)., and Pioneer Natural Resources (NYSE:PXD) Co., also experienced a fall in their stock prices on Friday, indicating a sector-wide impact of the market downturn.
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