Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 51

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 51
---
”beginning on page45. |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | 2024TARGET COMPENSATION($) in Thousands |

$1,575 Base Salary $2,520 Annual Cash Incentive $11,800 Long-Term Incentives $15,895 Total Annual Compensation (1) Barrels of oil equivalent. (2) Reserves replacement ratios are non-GAAP financial measures. See Annex A for GAAP reconciliations to GAAP. (3) Free cash flow before working capital is a non-GAAP financial measure. See Annex A for GAAP reconciliation. (4) Total Recordable Injury Rate (TRIR) per 200,000 employee work hours for the year ended December 31, 2024.

| 2025Proxy Statement |
| 49                  |

Compensation Discussion and Analysis

| SUNIL MATHEW | Senior Vice President and Chief Financial Officer |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     |                                         |
|                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Mr. Mathew has served as Senior Vice President and Chief Financial Officer since August 2023. In this role, heoversees the Accounting, Tax, Treasury, Internal Audit and Investor Relations functions, as well as CorporatePlanning and Business Development. Mr. Mathew previously served as Vice President Strategic Planning, Analysisand Business Development since 2020 where he directed the company's planning and global businessdevelopment functions and supported management in the development of short and long-term plans, annualcapital allocation and business unit performance tracking.Tenure.Mr. Mathew joined Occidental in 2004and, before his appointment as Senior Vice President and ChiefFinancial Officer in August 2023, held a variety of increasingly significant leadership positions.Performance Assessment.In assessing Mr. Mathew's performance, the Compensation Committee consideredhis leadership and contributions to the success and delivery of Occidental’s strategic and financial objectives. Mr.Mathew oversaw the closing of the CrownRock acquisition, managing the successful financing of the transactionand maintaining Occidental’s investment grade credit rating. Under Mr. Mathew’s leadership, Occidental madesignificant progress on cash flow and shareholder return priorities, rapidly deleveraging and achieving the near-term debt repayment target of $4.5 billion ahead of schedule through a combination of asset sales and organiccash flow. Mr. Mathew also made meaningful contributions with respect to the oversight and management of