Major Funds Increase Stakes in Occidental Petroleum as Oil Prices Climb

Houston, Monday, 2 March 2026.
Institutional confidence in Occidental Petroleum ($OXY) is hardening as major asset managers, including American Century Companies and Mitsubishi UFJ, significantly increased their positions in recent filings. This strategic accumulation coincides with a robust Q4 earnings beat—delivering $0.31 EPS against forecasts of $0.18—and a surge in crude prices driven by escalating Middle East tensions. With institutional ownership now topping 88%, Wall Street is signaling renewed attention to the energy sector’s resilience. As oil prices react to geopolitical strife on March 2, 2026, these capital inflows suggest smart money is positioning for potential upside in domestic production.