Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 61

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 61
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 three-year performance period. For more information regarding the payout possibilities of the CROCE award, please see “ Compensation Discussion and Analysis—Elements of the 2024 Compensation Program—Long-Term Incentive Program—Cash Return on Capital Employed (CROCE) Award ” on page 46 . (3) The grant date fair value of the RSU award is equal to the number of RSUs granted multiplied by $61.36 , the closing price of Occidental’s common stock on the grant date. The RSU award vests ratably over three years with one-third vesting on each of February 28, 2025 , 2026 and 2027 , subject to continued employment, and is payable in shares of common stock upon vesting. The vested shares are subject to a two-year holding period. The value of the RSU award at vesting will depend on the closing price of Occidental’s common stock on each vesting date. For more information regarding the RSU award, see “ Compensation Discussion and Analysis—Elements of the 2024 Compensation Program—Long-Term Incentive Program—Restricted Stock Unit (RSU) Award ” on page 46 . (4) The grant date fair value of the TSR award is based on a Monte Carlo simulation in accordance with FASB ASC 718. Actual payout of the TSR award may be zero or range from 25% to 200% of the target number of TSR PSUs granted based on Occidental’s TSR at the end of the three-year performance period as compared to the TSR of the performance peer companies, and whether Occidental’s absolute TSR value for the performance period is positive. For more information regarding the payout possibilities of the TSR award, please see “ Compensation Discussion and Analysis—Elements of the 2024 Compensation Program—Long-Term Incentive Program—Total Shareholder Return (TSR) Award ” beginning on page 45 .

| 2025Proxy Statement |
| 57                  |

Executive Compensation Tables

Outstanding Equity Awards The table below sets forth the outstanding equity awards held by the NEOs as of December 31, 2024 .

| OUTSTANDING EQUITY AWARDS AT DECEMBER 31,2024 |

|                    |            |        Nonqualified Stock Options andStock Appreciation Rights |                                                                  |                           |        |                      |     |                                           Stock Awards |                                                                 |            |                                                                                                  |                                                                                                                      |            |
| Name/Type of Award | Grant Date | Number of