Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 7

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 7
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recommends avote“FOR”this proposal.See page68 |

| PROPOSAL 4 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                     |
|            | Approval of Occidental’s Amended and Restated2015 Long-Term Incentive PlanThe Executive Compensation Committee recommended to the Board, and the Boardapproved subject to shareholder approval, an amendment and restatement (Amended LTIP)of the company’s existing 2015 Long-Term Incentive Plan (LTIP). The proposed AmendedLTIP would increase the number of shares of common stock that may be issued under theLTIP by 55,000,000 shares, which Occidental believes is advisable to have an adequatenumber of shares available in connection with compensation programs. |                                                                     |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | The Board of Directorsrecommends avote“FOR”this proposal.See page70 |

| 8 |

Proxy Statement Summary

D irector Nominees and Composition Highlights Our Board’s director nominees bring varying perspectives to the boardroom by virtue of their diverse backgrounds and experiences, qualifications, skills, genders, ethnicities and tenures on the Board. To better convey the well-roundedness of our Board’s director nominees, we have included a skills matrix on page 19 that identifies the core competencies of each of our Board’s director nominees that contributed to his or her nomination to the Board.

| JACK B. MOOREFormer President andChief Executive Officer,Cameron InternationalChairman Since:2022Director Since:2016Committee Membership: |     | VICKY A. BAILEYFormer Assistant Secretary,Domestic Policy andInternational Affairs, U.S.Department of EnergyPresident, Anderson StrattonInternational, LLCDirector Since:2022Committee Membership: |                                           | ANDREW GOULDFormer Chairman andChief Executive Officer,SchlumbergerDirector Since:2020Committee Membership:                        |                                     |     | CARLOS M. GUTIERREZFormer U.S. Secretary ofCommerceCo-Founder, Former ExecutiveChairman and CEO,EmPath, Inc.Director Since:2009Committee Membership: |
| VICKI HOLLUBPresident and Chief ExecutiveOfficer, OccidentalDirector Since:2015                                                           |     | WILLIAM R. KLESSEFormer Chief Executive Officerand Chairman of the Board,Valero EnergyDirector Since:2013Committee Membership:                                                                     |                                           | CLAIRE O’NEILLFormer Member of Parliamentand Minister for Energy andClean Growth (