Occidental’s 0.04% Gain with 326th Market Volume as Buffett’s 32.7% Stake and Warrants Signal Long-Term Hold

On August 14, 2025, Occidental Petroleum (OXY) closed with a 0.04% gain, trading with a volume of $0.31 billion, ranking 326th in market activity. The stock’s muted movement contrasts with broader market trends, reflecting limited immediate catalysts in the short term.

A key filing by Warren E. Buffett, Berkshire Hathaway, and National Indemnity revealed a 32.7% economic stake in OXY, encompassing 348.85 million shares, including warrants exercisable into 83.91 million shares. The warrants, issued in 2019 and adjusted for anti-dilution, now carry an exercise price of $59.586 per share, with no exercise activity reported. The filing underscores shared voting and dispositive power among the entities, highlighting a strategic, long-term position without sole control.

The filing details show the warrants have undergone multiple adjustments, including a 2020 price reduction and a recent increase in underlying shares to 83.91 million as of July 17, 2025. While the entities hold significant influence, the lack of sole voting authority and unexercised warrants suggest a passive approach, with no immediate intent to alter corporate governance. The disclosed position remains a critical factor for institutional investors assessing OXY’s ownership structure and potential future voting dynamics.

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