SCHEDULE 13G/A: Vanguard Group Discloses Significant Stake in Occidental Petroleum, Holding 8.53% of Common Stock

The Vanguard Group has filed an updated Schedule 13G, revealing its beneficial ownership of 8.53% of Occidental Petroleum Corp's common stock as of March 31, 2025.

Summary

• The Vanguard Group, an investment adviser based in Pennsylvania, reported beneficial ownership of 80,230,985 shares of Occidental Petroleum Corp common stock.
• This aggregate amount represents 8.53% of Occidental Petroleum's common stock class.
• Vanguard holds sole voting power over 0 shares and shared voting power over 827,149 shares.
• The firm possesses sole dispositive power over 77,041,748 shares and shared dispositive power over 3,189,237 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a factual disclosure of beneficial ownership, not a performance report or strategic announcement. It indicates a significant, passive institutional investment.

Positives

• The disclosure of a significant stake by a major institutional investor like The Vanguard Group can signal confidence in Occidental Petroleum's long-term prospects.
• Vanguard's substantial holding of 8.53% indicates a strong institutional presence on the company's shareholder register.

Negatives

• This filing, a Schedule 13G, primarily serves as a disclosure of beneficial ownership and does not inherently contain negative information regarding the issuer's performance or operations.

Risks

• The document itself, being a Schedule 13G, does not detail specific operational or financial risks for Occidental Petroleum Corp; it only reports beneficial ownership.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Occidental Petroleum Corp's future performance or operations. It is solely a disclosure of beneficial ownership by The Vanguard Group.

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that 'to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.'

Industry Context

A Schedule 13G filing indicates a passive investment by a large institutional investor, such as The Vanguard Group, in a publicly traded company. It signifies that the investor holds more than 5% of a company's stock but does not intend to influence or change control of the company. Such filings are common for index funds and other passive investment vehicles that track broad market indices or sectors, like the energy sector where Occidental Petroleum operates.

Stakeholder Impact

• Shareholders: The presence of a large, passive institutional investor like Vanguard can provide stability to the shareholder base and potentially increase liquidity.
• Company Management: While Vanguard's investment is passive, its significant stake means management will likely consider its interests, particularly regarding long-term value creation.

Key Dates

Keywords

Occidental Petroleum, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, OXY, Investment Adviser