Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 77

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 77
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| CAP to CEO ($M)                |
| Average CAP to Other NEOs ($M) |
| CROCE                          |

| 2025Proxy Statement |
| 67                  |

Pay Ratio For 2024 , the annual total compensation of the median compensated employee of Occidental was $218,952 ; the annual total compensation of Ms. Hollub for purposes of this pay ratio disclosure was $18,556,767 ; and the ratio of these amounts is approximately 85 to 1. This pay ratio is a reasonable estimate calculated in a manner consistent with SEC rules based on Occidental’s payroll records and the methodology described below. Pay Ratio Methodology. To identify the “median employee” (as defined by SEC rules), as well as to determine the annual total compensation of the median employee, we used certain permitted assumptions, adjustments and estimates, as described further below. Because the SEC rules for identifying the median compensated employee and calculating the pay ratio based on that employee’s annual total compensation allow companies to adopt a variety of methodologies, to apply certain exclusions and to make reasonable estimates and assumptions that reflect their employee populations and compensation practices, the pay ratio reported by other companies may not be comparable to the pay ratio reported above, as other companies have different employee populations and compensation practices and may utilize different methodologies, exclusions, estimates and assumptions in calculating their own pay ratios. Employee Population. We identified the median employee used for 2023 and 2024 from Occidental’s employee population as of October 1, 2023. After excluding 398 employees pursuant to the de minimis exemption (as described below), Occidental’s employee population consisted of 11,948 employees. Under the de minimis exemption, Occidental was permitted to exclude up to 5% of its total employees who are non-U.S. employees. Occidental relied on this exemption to exclude the employee populations of the following jurisdictions, which collectively accounted for less than 5% of Occidental’s total employee population of 12,346 as of October 1, 2023: Chile (103); Canada (95); United Arab Emirates (76); Bolivia (63); United Kingdom (24); Algeria (13); Singapore (6); Belgium (4); Colombia (4); Hong Kong (4); Japan (2); Mexico (2); Brazil (1); and Côte d’Ivoire (1). Compensation Measure to Identify Median Employee. To identify the median employee, we used the annual salary or wages of each employee as of October 1