Dodge & Cox Amends OXY Stake, Updates Ownership as of Dec 31, 2023

TL;DR

**Dodge & Cox just updated their OXY holdings, showing their latest stake as of year-end 2023.**

AI Summary

Dodge & Cox, a California-based investment manager, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of Occidental Petroleum Corporation (OXY) common stock and warrants as of December 31, 2023. This filing, Amendment No. 5, indicates a change in their beneficial ownership, which is important for investors as it shows a significant institutional investor's updated position in the company. This matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.

Why It Matters

This filing updates the public on Dodge & Cox's significant stake in Occidental Petroleum, providing transparency on a major institutional investor's position and potential influence on the stock.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate financial risk to the company or its shareholders.

Analyst Insight

Investors should note that a major institutional investor like Dodge & Cox is maintaining or adjusting its position in OXY, which could be a factor in their own investment decisions, though this filing alone doesn't reveal the magnitude of the change.

Key Players & Entities

• Dodge & Cox (company) — the reporting person and institutional investor
• Occidental Petroleum Corporation (company) — the issuer of the securities
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• d807318dsc13ga.htm (SC 13G/A) — 37KB
• 0001193125-24-033521.txt ( ) — 39KB

From the Filing

SC 13G/A 1 d807318dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5 )* OCCIDENTAL PETROLEUM CORPORATION (Name of Issuer) Common Stock and Warrants (Title of Class of Securities) 674599105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). PAGE 1 OF 5 PAGES CUSIP NO. 674599105 13G PAGE 2 OF 5 PAGES 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dodge & Cox 94-1441976 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)(b) N/A 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - U.S.A. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 89,749,682 (76,183,445 Common Shares and 13,566,237 Warrants) 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 95,267,578 (80,992,508 Common Shares and 14,275,070 Warrants) 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 95,267,578 (80,992,508 Common Shares and 14,275,070 Warrants) 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.7% 12 TYPE OF REPORTING PERSON* IA PAGE 2 OF 5 PAGES Item1(a) Name of Issuer : OCCIDENTAL PETROLEUM CORPORATION Item1(b) Address of Issuers Principal Executive Offices : 5 Greenway Plaza Suite 110 Houston, Texas 77046 Item2(a) Name of Person Filing : Dodge & Cox Item2(b) Address of the Principal Office or, if none, Residence : 555 California Street, 40th Floor San Francisco, CA 94104 Item2(c) Citizenship : California - U.S.A. Item2(d) Title of Class of Securities : Common Stock and Warrants Item2(e) CUSIP Number : 674599105 Item3 If the Statement is being filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a : (e) Investment Advisor registered under section 203 of the Investment Advisors Act of 1940 Item4 (a) Amount Beneficially Owned : 95,267,578 (80,992,508 Common Shares and 14,275,070 Warrants) (b) Percent of Class : 10.7% PAGE 3 OF 5 PAGES (c) Number of shares as to which such person has : (i) sole power to vote or direct the vote: 89,749,682 (76,183,445 Common Shares and 13,566,237 Warrants) (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 95,267,578 (80,992,508 Common Shares and 14,275,070 Warrants) (iv) shared power to dispose or to direct the disposition of: 0 Item5 Not applicable. Item6 The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, OCCIDENTAL PETROLEUM CORPORATION. Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 63,799,640 (54,290,826 Common Shares and 9,508,814 Warrants) or 7.2%, of the class of securities reported herein. Item7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company : Not applicable. Item8 Identification and Classification of Members of the Group : Not applicable. Item9 Notice of Dissolution of a Group : Not applicable. Item10 Certification : By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. PAGE 4 OF 5 PAGES SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2024 DODGE & COX By: /S/ Katherine M. Primas Name:

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View this SC 13G/A filing on SEC EDGAR