Company: OXY-WT
Filing Date: 2025-03-03
Form Type: 8-K
Source: 0001140361-25-006670
Chunk: 1

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-03
Form: 8-K
Item: Item 3.03
Chunk 1
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Item 3.03 Material Modifications to Rights of Security Holders.

Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.

Item 8.01. Other Events.

On March 3, 2025, Occidental Petroleum Corporation (the “ Company”) entered into an amendment (such amendment, the “ Warrant Agreement Amendment”) to that
certain Warrant Agreement, dated as of July 24, 2020 (the “ Warrant Agreement”), between the Company and Equiniti Trust Company, LLC, as Warrant Agent, pursuant to which the exercise price of $22.00 for each of the Company’s outstanding publicly
traded warrants (the “ Warrants”) to purchase shares of the Company’s common stock, par value $0.20 per share (the “ Common Stock”), was temporarily reduced to $21.30 if the Warrants are exercised pursuant to the terms and conditions of the Offer to
Exercise Warrants to Purchase Common Stock of Occidental Petroleum Corporation, dated March 3, 2025 (together with any amendments or supplements thereto, the “ Offer to Exercise”), which the Company filed with the U. S. Securities and Exchange
Commission as an exhibit to the Company’s Schedule TO, dated March 3, 2025. The Offer to Exercise commenced on March 3, 2025 and will end at 5:00 p. m. (Eastern Time) on March 31, 2025, subject to extension by the Company in its sole discretion (the
“ Expiration Date”). At and after the Expiration Date, Warrants may no longer be exercised at the reduced exercise price of $21.30. Other than as set forth above, the terms of the Warrants set forth in the Warrant Agreement remain unmodified and in
full force and effect.

The foregoing description of the Warrant Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text
of the Warrant Agreement Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

On March 3, 2025, the Company filed a prospectus supplement, dated March 3,
2025, pursuant to the Company’s existing effective shelf registration statement on Form S-3 (File No. 333-266420) in respect of the shares of Common Stock
issuable upon exercise of the Warrants.

A copy of