Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 27

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 27
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 HSEmatters as well as relevant sustainability matters. The Environmental, Health and Safety Committee oversees and reviews the status ofHSE performance, including compliance with applicable laws and regulations. It also reviews results of internal compliance reviews andremediation projects, among other things. The Sustainability and Shareholder Engagement Committee assists the Board in overseeingenvironmental, social and sustainability matters, including climate-related risks and opportunities, and external investor-orientedreporting on the same. It reviews and monitors climate- and other sustainability-related public policy trends and related regulatorymatters, and it also oversees Occidental’s sustainability and social responsibility programs, policies and practices, including the HumanRights Policy.                                                                                                                                                                                                                                                                                                                                                                                                                 |                                        |

| 30 |

Corporate Governance

Shareholder Engagement Occidental is committed to regular and transparent communication and engagement with its shareholders and other stakeholders.

| In2024, we engaged withshareholders representing>50%of our outstanding shares**   Based on average sharesoutstanding in2024. |     | HOW WE ENGAGED WITH OURSHAREHOLDERS:►We proactively engage with our largestshareholdersthroughout the year,including broad-based engagements inthe fall/winter to discuss governance,environmental, sustainability, social andother matters, and in advance of theannual meeting to discuss agenda itemsand any other topics of interest.►We regularly conduct roadshowstargeting engagement with specificinvestors and participate in industryconferences to engage with a broadgroup of investors.►We also engage with investors throughvirtual and in-person meetings, phonecalls and emails.►We regularly report our shareholders’views to the Boardand respondto feedback.►Independent directorsparticipated inseveral of our engagement meetings.►The Board’s Sustainability andShareholder Engagement Committeeoversees our shareholder engagementprogramand provides an avenue forshareholder feedback to becommunicated directly to the Board. | TOPICS DISCUSSEDWITH OUR SHAREHOLDERS:►Cash flow and shareholder returnpriorities, including deleveraging►Capital spending and activity levels►Oil and gas inventory depth, wellperformance and operationaldifferentiation►Potential impact of U.S. presidentialadministration change on ourbusinesses►CrownRock integration andopportunities►STRATOS progress and DACfinancing, including the BlackRock jointventure►OxyChem and Midstream outlook►OLCV updates and cash flow potential►Board composition and refreshment►Board oversight of thecompany’s strategy and risk►Climate, sustainability and humancapital matters►Design and structure of our executivecomp