Why These Oil Stocks Fell More Than 20% in September
Shares of oil drillers Occidental Petroleum (NYSE: OXY), Continental Resources (NYSE: CLR), and Kosmos Energy (NYSE: KOS) tumbled more than 20% in September, according to data provided by S&P Global Market Intelligence. Of the three companies, Occidental -- which also has some transportation, storage, and refining capacity -- saw the smallest drop, of just 21.4%. Shares of Continental Resources, which primarily operates in Oklahoma and North Dakota, fared slightly worse, dropping 28.5%.