Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 69

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 69
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 and Options(a)CrownRock AcquisitionOther(b)Treasury Stock Purchases(c)Common Stock Outstanding(d)December 31, 2023879,463,103 First Quarter 20243,277,628 — 3,978,999 — 886,719,730 Second Quarter 202418,875,864 — 94,789 (130,424)905,559,959 Third Quarter 20243,032,136 29,560,619 21,504 — 938,174,218 Fourth Quarter 2024246,049 — 165,079 (127,363)938,457,983 Total 202425,431,677 29,560,619 4,260,371 (257,787)938,457,983 (a)    Approximately $559 million of cash was received as a result of the exercise of common stock warrants and options.(b)    Consisted of issuances for the 2015 long-term incentive plan, the OPC savings plan and the dividend reinvestment plan.(c)    Consisted of purchases of shares from the trustee of Occidental's defined contribution savings plan that are not part of publicly announced plans or programs.(d)    As of December 31, 2024, Occidental had 74.0 million of outstanding warrants with a strike price of $22 per share and 83.9 million of warrants with a strike price of $59.62 per share.TREASURY STOCKAs of December 31, 2024, 2023 and 2022, treasury stock shares numbered 228.3 million, 228.1 million and 198.7 million, respectively.PREFERRED STOCKIn connection with the Anadarko Acquisition, Occidental issued 100,000 shares of series A preferred stock, with a face value of $100,000 per share and a liquidation preference of $105,000 per share plus unpaid accrued dividends. Prior to August 2029, a mandatory redemption provision obligates Occidental to redeem preferred stock at a 10% premium to face value on a dollar-for-dollar basis for every dollar distributed to common shareholders (either via common stock dividends or share repurchases) above $4.00 per share, on a trailing 12-month basis. Preferred redemptions can settle between 30 and 60 days from the date Berkshire Hathaway is notified of