Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 80

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 80
---
 fees(4)     |  $0.2 |     |      |  $0.3 |
| Total                 | $17.1 |     |      | $17.2 |

(1) Audit fees include fees necessary to perform the annual audit and quarterly reviews in accordance with generally accepted auditing standards, annual attestation on internal control over financial reporting and services that generally only the independent auditor can reasonably provide, such as comfort letters, statutory audits, consents and assistance with, and review of, documents filed with the SEC. (2) Audit-related fees in 2024 and 2023 related to agreed-upon procedures, a review engagement, an attestation engagement related to our revolving credit facility and a pension plan audit. (3) Tax fees in 2024 and 2023 related to tax consulting. (4) All other fees in 2024 and 2023 related to real-time system implementation assessment services. Ratification of Selection of Independent Auditor As a matter of good corporate governance, the Board of Directors of Occidental submits its Audit Committee’s annual selection of the independent auditor to our shareholders for ratification. A majority of the shares present or by proxy at the 2025 Annual Meeting and entitled to vote on this proposal must vote “FOR” the proposal to ratify the auditor selection. Abstentions have the same effect as votes “AGAINST” the proposal. Your broker may vote your shares on the proposal if you do not give your broker voting instructions, although we are aware that some brokers are choosing not to exercise this discretionary voting authority. As a result, we recommend you submit your vote as soon as possible. If the shareholders do not ratify the selection of KPMG, the Audit Committee will consider whether it is appropriate to select another independent auditor. Even if the shareholders ratify the selection of KPMG, the Audit Committee may select a different independent auditor at any time during the year if it determines that this would be in the best interests of Occidental and our shareholders. If KPMG should decline to act or otherwise become incapable of acting or if its retention is discontinued, the Audit Committee will select another independent auditor. Report of the Audit Committee The Audit Committee has reviewed and discussed Occidental’s audited financial statements for the year ended December 31, 2024 , including management’s annual assessment of and report on Occidental’s internal control over financial reporting, with management and KPMG, Occidental’s independent auditor. In addition, the Audit Committee has discussed with K