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BlackRock Cuts Occidental Petroleum Stake by 5 Million Shares

· 02/05/2021 07:47

12:30 PM EST, 02/05/2021 (MT Newswires) -- BlackRock (BLK) has reduced its stake in US oil and gas company Occidental Petroleum (OXY) by more than 5 million shares, according to an SEC filing on Friday.

The firm beneficially owned 53.7 million Occidental shares at the end of 2020, compared with 58.76 million shares at the end of 2019. As of midday trading Friday, Black Rock's stake in the company was worth $1.21 billion.

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