The billionaire said on Saturday that Berkshire was not planning to seek control of Occidental. Oxy shares fell more than 3.6% on Wednesday to $56.65, trading close to a 52-week low, with the company anticipating that production should reach the lowest point for the year in the second quarter due to scheduled maintenances stoppages. Occidental on Tuesday reported adjusted income of $1.1 billion, missing analysts estimates amid a 20% decline in oil prices from a year ago. Results were primarily impacted by the timing of crude oil sales in the quarter, the company said.