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Icahn, who had been cutting the position, in recent days sold the remainder of it, the report said, adding the activist investor’s two representatives on Occidental’s board are also resigning.
A representative for Icahn Enterprises confirmed the WSJ story but did not provide a copy of the letter to Reuters, citing confidentiality.
Icahn has been waging a bitter battle with Occidental’s board over its $38 billion acquisition of Anadarko Petroleum (NYSE:APC) since 2019, calling it a misplaced bet based on expectations of higher oil prices.
Occidental Petroleum did not immediately respond to Reuters request for comment.
