medium
Buy
5,000 shares
$194,900
Significance
5/10
Director William R Klesse purchases 5,000 OXY shares at $38.98; stock down 14.2% in 90 days, now $40.63
Director William R Klesse purchased 5,000 shares at $38.98 on 2025-12-16, increasing his holdings to 218,913 shares. The purchase occurred as Occidental Petroleum's stock has declined 14.2% over the prior 90 days and trades 22.9% below its 52-week high of $52.70. The company is experiencing headwinds: annual revenue growth contracted 5.4% year-over-year, though the latest quarter generated $6.6B in revenue with $842.0M in net income. The transaction represents a small addition (2.3% increase to his pre-transaction position), occurring against a backdrop of sector softness rather than a dramatic repricing opportunity.