QSM Asset Management Ltd initiated a new $10.31 million position in Occidental Petroleum (OXY) during Q3 2025, acquiring 221,760 shares, which now represents 7.37% of its 13F reportable assets under management. This strategic investment comes despite OXY's 18.77% stock decline over the past year, underperforming the S&P 500, suggesting a conviction in the company's strengthened balance sheet, robust cash flow, and reduced debt for long-term value.
QSM Asset Management Ltd initiated a new position in Occidental Petroleum (OXY) during Q3 2025, acquiring 221,760 shares valued at $10.31 million. This significant stake represents 7.37% of the fund's 13F reportable assets under management, indicating a strong conviction in the energy major. The investment is notable given OXY's recent market performance, with the stock declining 18.77% over the past year and underperforming the S&P 500 by 34.56 percentage points as of October 15, 2025, when shares traded at $41.88. This suggests QSM is looking beyond short-term price movements. QSM's decision appears underpinned by Occidental's strengthened financial position. The company boasts its strongest balance sheet in a decade, marked by consistent solid cash flow generation across its diversified oil & gas, chemical, and midstream operations, alongside substantial debt reduction since the 2019 Anadarko acquisition. This strategic entry highlights a belief in OXY's integrated business model, which is designed to sustain profitability during periods of lower crude prices and amplify gains during upturns. The investment signals a long-term view on the company's ability to generate lasting value and adapt to energy market cycles.
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