Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 24

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 24
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 (Chair)Vicky A. BaileyCarlos M. GutierrezClaire O’NeillRobert M. ShearerMEETINGS IN2024:3 | PRIMARY RESPONSIBILITIES:►Assist the Board in overseeing environmental, social and sustainability matters, includingclimate-related risks and opportunities, and external investor-oriented reporting thereon►Review and oversee the company’s sustainability and social responsibility programs,policies and practices, including the Human Rights Policy, and oversee associatedexternal reporting►Oversee Occidental’s shareholder engagement program►Review and monitor climate- and other sustainability-related public policy trends andrelated regulatory matters►Review shareholder proposals related to environmental and social matters►Oversee Occidental’s Political Contributions and Lobbying Policy and review Occidental’spolitical activities and expenditures►Oversee the Charitable Contributions and Matching Gift Program |

| 2025Proxy Statement |
| 27                  |

Corporate Governance Director Engagement Director Education and Orientation Directors are provided with continuing education, including business-specific learning opportunities through site visits and briefing sessions led by internal experts or third parties on topics that are relevant to Occidental. For example, in July 2024, the Board visited our subsidiary CE’s Innovation Centre in Squamish, B.C. where they had the opportunity to meet with employees again to discuss recent research and development activities and associated DAC technology advancements. This visit was coupled with continued briefings on business strategy, STRATOS progress, Innovation Centre testing and derisking activities, cost reduction opportunities and challenges, intellectual property briefings, and competitive and market analyses. More recently, in November 2024 and February 2025, management, including our Vice President of Government Affairs, provided briefings on pertinent legislative and regulatory matters in light of the U.S. presidential election and administration change and potential impacts to Occidental. Directors are also encouraged to attend additional continuing education programs designed to enhance the performance and competencies of individual directors and the Board. For example, in 2024, one director attended a conference regarding cybersecurity and climate, and another director attended a forum for Audit Committee leadership. Each new director is provided with extensive onboarding materials and information covering director responsibilities, corporate governance practices and policies, business strategies, leadership structure and long-term plans concerning Occidental in order to enable the individual to perform the duties of a director. Orientation also includes individualized meetings with senior management and other key leaders. Participation in regular Board and committee meetings also provides new directors with a strong foundation for understanding Occidental’s businesses, connects directors with members of management and accelerates their effectiveness. Directors have access