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Occidental Petroleum Corporation (NYSE:OXY) is largely controlled by institutional shareholders who own 51% of the company
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Institutional shareholders control 51% of Occidental Petroleum Corporation (NYSE:OXY), making the company's stock price sensitive to their trading decisions. The top 5 shareholders collectively own 53% of the company, with Berkshire Hathaway Inc. being the largest at 27%. While institutional ownership provides credibility, the article cautions against solely relying on it and highlights the influence this group has on company decisions.
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