Company: OXY-WT
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000797468-25-000098
Chunk: 10

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-06-27
Form: 11-K
Chunk 10
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|:-------------------------------------------|:----|:-------------------|--------:|:----|:--|--------:|
| Short-term investment fund                 |     | $                  |   8,944 |     | $ |   9,212 |
| Synthetic guaranteed investment contracts: |     |                    |         |     |   |         |
| Common/collective trusts                   |     |                    | 360,227 |     |   | 410,146 |
| Total investments                          |     | $                  | 369,171 |     | $ | 419,358 |

The Plan’s ability to receive amounts due is dependent on the contract issuer’s ability to meet its financial obligations. The contract issuer’s ability to meet its contractual obligations may be affected by future economic and regulatory developments.

There are certain events not initiated by participants that limit the ability of the GIC MTIA to transact with the contract issuer at contract value. These events include, but are not limited to: (i) termination of the Plan, (ii) company election to withdraw from a contract in order to change investment provider, and (iii) termination of a contract upon short notice due to the loss of the Plan’s qualified status or material and adverse changes to the Plan’s provision. The Committees are not aware of any such event being contemplated at this time.

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In addition, certain events allow the contract issuer to terminate the contracts with the Plan and settle at an amount different from contract value. Such events include, but are not limited to: (i) a breach of material obligation under the contract, (ii) a material misrepresentation, and (iii) a material amendment to the agreement without the consent of the contract issuer.

(5) Oxy Stock Fund

The Oxy Stock Fund is a unitized stock fund which includes shares of Occidental’s common stock, valued at quoted market price, and may also include interest earning cash.

Information regarding the net assets and the significant components of the changes in net assets relating to the Oxy Stock Fund, which includes both participant-directed and non-participant-directed investments, is as follows (amounts in thousands):

| Net assets:                                   |     |      As of December 31, 
                    2024 |          |     | 2023 |         |
|:----------------------------------------------|:----|------------------------:|---------:|:----|-----:|--------:|
| Short-term investment fund                    |     |                       $ |