Icahn Sells Remaining Occidental Stake After Oil-Price Rally
- Sale comes as Warren Buffett boosts stake in the shale driller
- Icahn’s two directors have resigned from Occidental board
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Billionaire activist investor Carl Icahn sold his remaining stake in Occidental Petroleum Corp. after the company’s shares surged along with oil prices.
Icahn’s two directors, Andrew Langham and Gary Hu, resigned from the board after Icahn Group exited its entire position in the company, Occidental said Monday in a filing.