Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 54

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 54
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$795 Base Salary $825 Annual Cash Incentive $3,600 Long-Term Incentives $5,220 Total Annual Compensation

| 52 |

Compensation Discussion and Analysis

| ROBERT L. PETERSON | Senior Vice President |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     |                                         |
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Mr. Peterson has served as Senior Vice President of Occidental since April 2020 and Executive Vice President,Essential Chemistry of Occidental Chemical Corporation (OxyChem) since August 2023. In his current role, Mr.Peterson has executive oversight for our chemical subsidiary OxyChem as well as operational readiness forOccidental’s first DAC plant STRATOS and subsequent DAC plants. Mr. Peterson’s team also provides earlysupport and capability for the operation and maintenance of other OLCV projects that link with OxyChem’s corecompetencies. Mr. Peterson previously served as Chief Financial Officer from April 2020 until August 2023. In thatrole, he oversaw the Accounting, Tax, Treasury, Internal Audit and Investor Relations functions, as well asCorporate Planning and Business Development.Tenure.Mr. Peterson joined Occidental more than 25 years agoand, before his appointment as Executive VicePresident, Essential Chemistry of OxyChem in 2023, has held a variety of increasingly significant leadershippositions, including as noted above.Performance Assessment.In assessing Mr. Peterson's performance, the Compensation Committee consideredhis leadership and management of his functional areas of responsibility, as well as his leadership and support forOccidental's overall strategic goals and performance objectives. Mr. Peterson made meaningful contributionswith respect to the oversight of OxyChem, its Glenn Springs environmental group, and the operational readinessfor Occidental’s first DAC facility, STRATOS. In 2024, OxyChem delivered over $4.9 billion in sales and morethan $1.1 billion in reported income. Mr. Peterson's efforts also included the alignment of OxyChem with overallcompany goals, linking the capabilities of OxyChem with OLCV initiatives, and helping ensure that the necessarypeople, procedures and supply chain requirements are in place for the startup of STRATOS in 2025. |     |                                         |
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