Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 32

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 32
---
actice features that are intended to enhance the alignment of compensation with the interests of Occidental’s shareholders. The executive compensation program is described in the Compensation Discussion and Analysis (CD&A) section beginning on page 35 of this proxy statement. The Compensation Committee strives to maintain a compensation program that will attract, retain and motivate outstanding executives by providing incentives to reward them for strong performance that supports Occidental’s long-term strategic objectives and is competitive with industry practices. The executive compensation program is intended to: ► Align with shareholder interests and be responsive to shareholder feedback; ► Preserve performance accountability across the commodity price cycle; ► Build and encourage long-term share ownership; ► Provide a consistent retention incentive; ► Be straightforward and transparent for the benefit of executives and shareholders; ► Match or exceed prevailing governance standards for performance-based compensation; and ► Use relative and absolute performance measures for equity awards. The Board recommends that shareholders support the following resolution for the reasons described in the CD&A: RESOLVED , that the shareholders approve, on an advisory basis, the compensation of Occidental’s named executive officers for 2024 , as set forth in the CD&A, Summary Compensation Table and the other tables and narrative disclosures regarding named executive officer compensation set forth in this proxy statement. A majority of the shares of common stock present in person or by proxy at the 2025 Annual Meeting and entitled to vote on this proposal must vote “FOR” the proposal to approve it. Your broker may not vote your shares on this proposal unless you give voting instructions. Abstentions have the same effect as votes cast “AGAINST” the proposal. Broker non-votes have no effect on the vote. As in past years, your vote will not directly affect or otherwise limit or enhance any existing compensation or award arrangement of any of our named executive officers, but the outcome of this advisory say-on-pay vote will be taken into account by the Compensation Committee in making future compensation decisions.

| 2025Proxy Statement |
| 35                  |

Compensation Discussion and Analysis This Compensation Discussion and Analysis (CD&A) describes the material elements, objectives and principles of Occidental’s 2024 executive compensation program for its named executive officers (NEOs), recent compensation decisions and the factors the Compensation Committee considered in making those decisions. The following officers are our NEOs for 2024 :

| VICKI HOLLUBPresident andChief Executive Officer                                      |                                                                                                              | SUNIL MATHEWSenior Vice President andChief Financial Officer |                                                                                                   |
| KENNETH DILLONSenior Vice President and