Company: OXY-WT
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000797468-25-000098
Chunk: 16

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-06-27
Form: 11-K
Chunk 16
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 prices and inflationary pressures in the macro-economic environment. The average WTI price per barrel for the three months ended March 31, 2025 was $71.42, compared to $70.27 for the three months ended December 31, 2024. Changes in prices could result in adjustments in capital investment levels and allocation, which impact production volumes. Oil prices may remain volatile due to geopolitical risks, the evolving macro-economic environment's impact on energy demand, future actions by OPEC and other oil producing countries, and recent tariff actions. Occidental is not able to assess the impact of any final trade agreements or implemented tariffs on its businesses. However, the implementation of these tariffs could have several implications for Occidental's business operations and financial performance. Occidental is monitoring the ongoing trade developments with the Company's supply chain team to assess the impact of any applicable tariffs.

(11) Reconciliation of the Financial Statements to the Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 to be filed by October 15, 2025 (amounts in thousands):

|                                                                |     | As of December 31, |      2024 |     |   |      2023 |
|:---------------------------------------------------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Net assets available for benefits per the financial statements |     | $                  | 3,535,656 |     | $ | 3,275,038 |
| Amounts allocated to withdrawing participants                  |     |                    |      -465 |     |   |      -178 |
| Net assets available for benefits per the Form 5500            |     | $                  | 3,535,191 |     | $ | 3,274,860 |

The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 to be filed by October 15, 2025 (amounts in thousands):

|                                                                             |     | Year ended December 31, |    2024 |     |   |    2023 |
|:----------------------------------------------------------------------------|:----|:------------------------|--------:|:----|:--|--------:|
| Benefits paid to participants per the financial statements                  |     | $                       | 262,888 |     | $ | 215,677 |
| Amounts allocated to withdrawing participants at December 31, 2024 and 2023