Berkshire now owns 264 million Occidental shares worth about $12 billion, a 28% stake in the big U.S.-focused energy company.

Shares of Occidental Petroleum Corp. shed 4.64% to $46.65 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.50% to 6,040.53 and Dow Jones Industrial Average falling 0.

Fintel reports that on January 31, 2025, Goldman Sachs downgraded their outlook for Occidental Petroleum (NYSE:OXY) from Neutral to Sell. Analyst Price Forecast Suggests 27.76% Upside As of January 28,