Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 6

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 6
---
 200,000 employee work hours for the year ended December 31, 2024.

| 2025Proxy Statement |
| 7                   |

Proxy Statement Summary This section highlights certain important information presented in this proxy statement and is intended to assist you in evaluating the matters to be voted on at the meeting. We encourage you to read the proxy statement in its entirety before you cast your vote. For more information regarding Occidental’s 2024 performance, please review Occidental’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the Annual Report). Agenda Items and Voting Recommendations

| PROPOSAL 1 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                     |
|            | Election of DirectorsThe Corporate Governance and Nominating Committee recommended to the Board, and theBoard approved, the nomination of the 10 persons whose biographies appear on pages14-18to serve for a one-year term ending at the2026Annual Meeting of Shareholders (2026Annual Meeting), but in any event, until his or her successor is elected and qualified, unlessended earlier due to his or her death, resignation, disqualification or removal from office. |                                                                                     |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | The Board of Directorsrecommends a vote“FOR”each of thedirector nominees.See page13 |

| PROPOSAL 2 |                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                      |
|            | Advisory Vote to Approve Named Executive OfficerCompensationThe executive compensation program for the named executive officers (NEOs) includesmany best-practice features that are intended to enhance the alignment of compensation withthe interests of Occidental’s shareholders. The executive compensation program is describedin the Compensation Discussion and Analysis (CD&A) section beginning on page35of thisproxy statement. |                                                                      |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                            | The Board of Directorsrecommends a vote“FOR”this proposal.See page34 |

| PROPOSAL 3 | Ratification of Selection of KPMG as Occidental’sIndependent AuditorThe Audit Committee has selected KPMG LLP as Occidental’s independent auditor to auditthe consolidated financial statements of Occidental and its consolidated subsidiaries for theyear endingDecember 31, 2025. As a matter of good corporate governance, the Boardsubmits the selection of the independent auditor to our shareholders for ratification. |                                                                     |
|:-----------|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------------------|
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                | The Board of Directors