Company: OXY-WT
Filing Date: 2025-10-03
Form Type: 8-K
Source: 0001140361-25-037245
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Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-10-03
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 1, 2025, the Board of Directors (the “ Board”) of Occidental Petroleum Corporation (“ Occidental” or the “ Company”) promoted Richard A.
Jackson, 49, to Chief Operating Officer, effective immediately. He will continue serving as Senior Vice President, a position to which he was appointed in October 2020.

Mr. Jackson has over 25 years of experience in the oil and gas industry, holding a variety of technical and
leadership roles. Mr. Jackson has been an employee of Occidental since 2003, and most recently served as President of Operations for U. S. Onshore Resources and Carbon Management since October 2020. Prior to that, Mr. Jackson served as President and
General Manager, EOR and Oxy Low Carbon Ventures, LLC; President Low Carbon Ventures; Senior Vice President, Operation Support; Vice President, Investor Relations; and President and General Manager Permian Resources Delaware Basin. Mr. Jackson
holds a Bachelor of Science degree in Petroleum Engineering from Texas A& M University.

In connection with his promotion, Mr. Jackson’s base salary was increased to $925,000 per year, and he is eligible for a target annual cash
incentive award of $925,000 for 2025, each effective on or about October 1, 2025. Mr. Jackson also received a grant of restricted stock units valued at $1,500,000, which vests in equal annual installments over a three-year period subject to Mr.
Jackson’s continued service through the applicable vesting dates.

Mr. Jackson does not have any family relationships with any director, executive officer or person nominated or chosen to become a director or
executive officer of the Company, and there are no arrangements or understandings between him and any other person pursuant to which Mr. Jackson was appointed as an officer of the Company. There are no related party transactions involving Mr.
Jackson that are reportable under Item 404(a) of Regulation S-K.

Item 7.01 Regulation FD.