Summary by Futu AI
Dodge & Cox, an investment advisory firm based in California, USA, has filed an amended Schedule 13G with the United States Securities and Exchange Commission on February 13, 2024, indicating a significant ownership stake in Occidental Petroleum Corporation. The filing, which reflects the state of ownership as of December 31, 2023, shows that Dodge & Cox has sole voting power over 89,749,682 shares, comprising 76,183,445 common shares and 13,566,237 warrants. Additionally, the firm holds sole dispositive power over 95,267,578 shares, including 80,992,508 common shares and 14,275,070 warrants. This represents a 10.7% ownership of the class of securities reported. The Dodge & Cox Stock Fund, along with other managed accounts and investment companies, has the right to receive dividends or proceeds from the sale of these securities. The filing asserts that the shares were acquired in the ordinary course of business and not with the intent to change or influence the control of Occidental Petroleum Corporation.