Company: OXY-WT
Filing Date: 2025-07-28
Form Type: 424B2
Source: 0001628280-25-036238
Chunk: 6

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-07-28
Form: 424B2
Chunk 6
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 the future.

The stock markets in general have experienced extreme volatility that has often been unrelated to the operating performance of particular companies. These broad market fluctuations may adversely affect the trading price of our Common Stock. Securities class action litigation has often been instituted against companies following periods of volatility in the overall market and in the market price of a company’s securities. Such litigation, if instituted against us, could result in substantial costs, divert our management’s attention and resources and have a material adverse effect on our business, financial condition, results of operations and cash flows.

Our certificate of incorporation and applicable law could prevent a third party from acquiring us or limit the price that investors might be willing to pay for shares of our Common Stock.

Our amended and restated certificate of incorporation authorizes our board of directors (“Board”) to issue new series of preferred stock without stockholder approval. Depending on the rights and terms of any new series created, and the reaction of the market to the series, your rights or the value of your Common Stock could be negatively affected. For example, subject to applicable law, our Board could create a series of preferred stock with preferential rights to dividends or assets upon liquidation, or with superior voting rights to our existing Common Stock. The ability of our Board to issue these new series of preferred stock could also prevent or delay a third party from acquiring us, even if doing so would be beneficial to our stockholders.

In addition, we are subject to the anti-takeover provisions of Section 203 of the Delaware General Corporation Law (the “DGCL”), which prohibits Delaware corporations from engaging in certain business combinations with an interested stockholder (generally, a 15% or greater stockholder) for a period of three years after the date of the transaction in which the person first becomes an interested stockholder, unless:

• the business combination is approved in advance by a majority of the independent directors;

• upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of our voting stock; or

• the business combination is approved by our Board and by the holders of at least two-thirds of the outstanding shares of our Common Stock that is not owned by the interested stockholder.

The application of Section 203 of the DGCL could have the effect of delaying or preventing a change of control of us.

Future sales of shares by us or our existing stockholders could cause our stock price to decline.

Sales of substantial amounts of our Common Stock in the public market