SCHEDULE 13G/A: Dodge & Cox Maintains Significant Stake in Occidental Petroleum, Holding 8.8% of Shares

Investment advisor Dodge & Cox has disclosed an 8.8% beneficial ownership stake in Occidental Petroleum Corporation, comprising common stock and warrants, as of December 31, 2024.

Summary

• Dodge & Cox, an investment adviser based in California, USA, reported beneficial ownership of 84,255,322 shares of Occidental Petroleum Corporation.
• This aggregate amount represents 8.8% of the class of securities, which includes both Common Stock and Warrants.
• Specifically, the holding consists of 70,002,502 Common Shares and 14,252,820 Warrants.
• Dodge & Cox holds sole voting power over 79,837,110 shares (66,283,423 Common Shares and 13,553,687 Warrants) and sole dispositive power over all 84,255,322 shares.
• No shared voting or dispositive power was reported.
• Dodge & Cox Stock Fund, an investment company managed by Dodge & Cox, holds a 6.0% interest in Occidental Petroleum, amounting to 57,045,340 shares (47,546,026 Common Shares and 9,499,314 Warrants).

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's operational or financial performance.

Positives

• The continued significant holding by a reputable investment advisor like Dodge & Cox may signal confidence in Occidental Petroleum's long-term prospects.
• The substantial stake held by Dodge & Cox Stock Fund (6.0%) indicates a strong conviction from a major institutional investor.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Occidental Petroleum's future performance or outlook.

Industry Context

This filing is a routine disclosure of institutional ownership in a publicly traded company within the energy sector. It reflects an investment firm's portfolio allocation rather than specific operational or strategic developments within the oil and gas industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence investor perception and confidence.

Key Dates

Keywords

Occidental Petroleum Corporation, OXY, Dodge & Cox, Schedule 13G, Beneficial Ownership, Investment Advisor, Common Stock, Warrants, Institutional Investor, Shareholding