Company: OXY-WT
Filing Date: 2025-03-03
Form Type: 424B2
Source: 0001140361-25-006655
Chunk: 8

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-03
Form: 424B2
Chunk 8
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 in the Warrant Agreement (including the Form of Warrant attached thereto), which has been filed as an exhibit to our Current Report on Form 8-K, filed on July 27, 2020. Occidental has caused the Warrants to be listed on the NYSE for trading under the symbol “OXY WS.” As of February 24, 2025, 74,020,695 of the Warrants remain outstanding.

Each Warrant represents the right to purchase from Occidental one share of Common Stock for cash at an initial exercise price of $22.00 per share, payable in U.S. dollars (subject to adjustment as described under “Anti-dilution Adjustments” below). The Warrants will expire on August 3, 2027 (or if that date is not a Business Day (as defined below), the next Business Day) (the “Expiration Date”). Occidental has issued the Warrants in uncertificated, direct registration form. The Warrant Agent will not be required to effect any registration of transfer or exchange that would result in the issuance of a Warrant Certificate or book-entry position for a fraction of a Warrant. Warrant holders will not be entitled to receive physical certificates. Registration of ownership will be maintained by the Warrant Agent. Occidental will at all times reserve for issuance the aggregate number of shares of Common Stock for which the Warrants may be exercised. The Warrants will not be redeemable by Occidental.

All or any part of the Warrants may be exercised prior to 5:00 p.m., New York City time, on any Business Day (each day that is not a Saturday, a Sunday or a day on which banking institutions are not required to be open in the State of New York) on or prior to the Expiration Date by delivering a completed form of election to purchase Common Stock and payment of the then-current exercise price in cash to the Warrant Agent. Any such delivery that occurs on a day that is not a Business Day or is received after 5:00 p.m., New York City time, on any given Business Day will be deemed received and exercised on the next succeeding Business Day. Upon such delivery, Occidental has issued such whole number of shares of Common Stock as the exercising Warrant holder is entitled to receive, and will pay or cause to be paid to such Warrant holder cash in lieu of fractional shares of Common Stock (without interest and computed to the nearest cent) otherwise issuable in connection with the exercise of the