Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 17

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 17
---
 andgovernmental relationships internationally and providingoversight of our multinational operations                      | ● | ● | ● | ● | ● |   | ● |   | ● | ● |
| Investor Relationscontributes to the Board’s understanding of shareholderconcerns and perceptions                                                                                                 |   |   | ● | ● |   | ● |   |   |   | ● |
| Public Company Executive Experiencecontributes to the Board’s understanding of operations,business strategy and human capital and demonstratesleadership ability                                  | ● | ● | ● | ● | ● | ● |   |   | ● |   |
| Risk Managementcontributes to the identification, assessment andprioritization of significant risks facing the company                                                                            | ● |   |   | ● | ● | ● |   | ● | ● |   |
| Technology/Cyber Securitycontributes to the Board’s understanding of informationtechnology and cyber risks                                                                                        |   |   |   |   |   |   |   | ● | ● |   |

| 20 |

Proposal 1: Election of Directors

| INDEPENDENCE |

9 of 10 Nominees are Independent

| TENURE |

Average 7.9 years 0-5 years 4 6-10 years 2 >10 years 3

| DIVERSITY |

Racial/Ethnic Minorities 3 Women 3 50% Diverse

| Occidental’s governance policies requirethat independent directors comprise atleast two-thirds of the members of theBoard (a policy that exceeds New YorkStock Exchange (NYSE) requirements).The Board has affirmatively determinedthat each of our Board’s directornominees, other than Ms. Hollub,is independent under NYSE standards. |     | The average tenure of our Board’s non-employee director nominees isapproximately 7.9 years, which webelieve reflects a balance of companyexperience and new perspectives. |     | The Board recognizes the importance ofhaving a diverse and broadlyinclusive membership. |

Refreshed Board Composition and Leadership

| ∼45%of independent directors werefirst elected in the past 5 years | 80%of Committee Chairs rotatedin the past 5 years |

| 2025Proxy Statement |
| 21                  |

Corporate Governance Occidental’s corporate governance policies (the Corporate Governance Policies) establish Occidental’s governance framework. The Corporate Governance Policies address the structure and operation of the Board, including matters related to director independence; tenure; outside board memberships; the role of the Board’s Independent Chairman;