Occidental Petroleum advances carbon management and attracts institutional investment

Occidental Petroleum is advancing its large-scale carbon management initiatives alongside its ongoing production in the Permian Basin. The company is making progress on a flagship direct-air capture facility, positioning itself at the intersection of traditional energy production and low-carbon activity.

In recent financial activity, TD Asset Management Inc increased its stake in Occidental Petroleum by 47.5% during the second quarter, acquiring an additional 229,782 shares. Following this, the firm holds 713,272 shares. Other institutional investors, including Axiom Investment Management LLC and GKV Capital Management Co. Inc., have also recently established or adjusted positions in the company. Approximately 88.7% of Occidental Petroleum's stock is currently held by hedge funds and other institutional investors.