Company: OXY-WT
Filing Date: 2025-07-28
Form Type: 424B2
Source: 0001628280-25-036238
Chunk: 13

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-07-28
Form: 424B2
Chunk 13
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 would constitute an Ordinary Cash Dividend. In the event that such distribution is not so made, the exercise price and the number of shares of Common Stock issuable upon exercise of each Warrant then in effect will be readjusted, effective as of the date when the Board determines not to distribute such shares, evidences of indebtedness, assets, rights, cash or warrants, as the case may be, to the exercise price that would then be in effect and the number of shares of Common Stock issuable upon exercise of each Warrant that would then be issuable upon exercise of each Warrant if such record date had not been fixed.

<div align='center'>S-8</div>

(d) If Occidental effects a Pro Rata Repurchase (as defined in the Warrant Agreement) of Common Stock, then:

(1) the exercise price will be adjusted to the price determined by multiplying the exercise price in effect immediately prior to the effective date of such Pro Rata Repurchase by a fraction of which the numerator will be (x) the product of (1) the number of shares of Common Stock outstanding immediately before such Pro Rata Repurchase and (2) the Market Price of a share of Common Stock on the Trading Day immediately preceding the first public announcement by Occidental or any of its affiliates of the intent to effect such Pro Rata Repurchase, minus (y) the aggregate purchase price of the Pro Rata Repurchase, and of which the denominator will be the product of (1) the number of shares of Common Stock outstanding immediately prior to such Pro Rata Repurchase minus the number of shares of Common Stock so repurchased and (2) the Market Price per share of Common Stock on the Trading Day immediately preceding the first public announcement by Occidental or any of its affiliates of the intent to effect such Pro Rata Repurchase; and

(2) the number of shares of Common Stock issuable upon exercise of each Warrant will be adjusted to the number obtained by dividing (x) the product of (1) the number of shares of Common Stock issuable upon exercise of such Warrant before such adjustment, and (2) the exercise price in effect immediately prior to the Pro Rata Repurchase giving rise to this adjustment by (y) the new exercise price determined in accordance with paragraph (1) above.

(e) (i) If Occidental distributes or is deemed to have distributed, or fixes a record date for the making of a distribution, to all holders of shares of its Common Stock of