Company: OXY-WT
Filing Date: 2025-03-03
Form Type: 424B2
Source: 0001140361-25-006655
Chunk: 7

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-03
Form: 424B2
Chunk 7
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 by the holders of at least two-thirds of the outstanding shares of our Common Stock that is not owned by the interested stockholder. |

The application of Section 203 of the DGCL could have the effect of delaying or preventing a change of control of us. Future sales of shares by us or our existing stockholders could cause our stock price to decline. Sales of substantial amounts of our Common Stock in the public market, or the perception that these sales could occur, could cause the market price of our Common Stock to decline. These sales, or the possibility that these sales may occur, also might make it more difficult for us to sell equity securities in the future at a time and at a price that we deem appropriate. If securities or industry analysts do not publish research or publish misleading or unfavorable research about our business, our Common Stock price and trading volume could decline. The trading market for our Common Stock depends in part on the research and reports that securities or industry analysts may publish about us or our business. If one or more of the analysts that covers our Common Stock downgrades our stock or publishes misleading or unfavorable research about our business, our stock price would likely decline. If one or more of the analysts ceases coverage of our Common Stock or fails to publish reports on us regularly, demand for our Common Stock could decrease, which could cause our Common Stock price or trading volume to decline.

S-4

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### USE OF PROCEEDS
We will receive the proceeds from the sale by us of shares of our Common Stock to holders of Warrants upon exercise of the relevant Warrants. In the event that all of the Warrants outstanding are exercised by the holders thereof at the initial exercise price of $22.00 per share, Occidental would receive proceeds of approximately $1.63 billion. Holders of the Warrants are not obligated to exercise the Warrants, and the Warrants might never be exercised. Accordingly, there is no guarantee that Occidental will receive any proceeds related to the Warrants. Occidental expects that it will use the proceeds from the exercise of the Warrants, if any, for general corporate purposes.

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### DESCRIPTION OF THE WARRANTS
The Warrants have been issued by Occidental pursuant to the Warrant Agreement. The following description of the Warrants and the Warrant Agreement is only a brief summary and is qualified in its entirety by reference to the complete description of the terms of the Warrants set forth