Today's Stocks Driving Success For The Energy Industry

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Energy Transfer Equity ( ETE), up 2.8%, Magellan Midstream Partners L.P ( MMP), up 2.7%, Concho Resources ( CXO), up 2.4%, Enterprise Products Partners ( EPD), up 2.4% and Cheniere Energy ( LNG), up 2.1%. A company within the industry that fell today was Chevron ( CVX), up 1.0%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Occidental Petroleum ( OXY) is one of the companies pushing the Energy industry higher today. As of noon trading, Occidental Petroleum is up $2.42 (2.5%) to $100.31 on average volume. Thus far, 2.0 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $98.62-$100.40 after having opened the day at $98.76 as compared to the previous trading day's close of $97.89.

Occidental Petroleum Corporation is engaged in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum has a market cap of $76.8 billion and is part of the basic materials sector. Shares are up 2.9% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Occidental Petroleum a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Occidental Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, increase in stock price during the past year and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Occidental Petroleum Ratings Report now.

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