Occidental Petroleum is trading higher today, tracking a broader rally across the energy sector as major peers like Chevron, ExxonMobil, and EOG Resources also post gains between 2.2% and 2.5%. The move is primarily driven by a surge in crude oil prices, with Brent crude climbing back above $100 per barrel following reports of increased tanker attacks in the Strait of Hormuz and concerns regarding global supply replenishment. This positive momentum is further supported by the company's recent strategic focus on upstream production, bolstered by the successful divestiture of its chemicals business which allowed for a $6.5 billion reduction in debt.