Company: OXY-WT
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000797468-25-000098
Chunk: 13

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-06-27
Form: 11-K
Chunk 13
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 ended December 31, 2024 and 2023, respectively.

The following table shows the notional amount and fixed weighted average contract rate of foreign currency swap contracts outstanding as of December 31, 2023 (dollar amounts in thousands). The investment in the Baillie Gifford MTIA was terminated in March 2024.

|          |     | December 31, 2023    |   |     |                                      |   |     |                  |     |     |                                      |          |
|:---------|:----|:---------------------|:--|:----|:-------------------------------------|:--|:----|:-----------------|----:|:----|:-------------------------------------|---------:|
|          |     | Receive U.S. Dollars |   |     |                                      |   |     | Pay U.S. Dollars |     |     |                                      |          |
| Currency |     | Notional             |   |     | Fixed Weighted Average Contract Rate |   |     | Notional         |     |     | Fixed Weighted Average Contract Rate |          |
| DKK      |     |                      | — |     |                                      | — |     |                  | 204 |     |                                      | 6.733017 |

The Baillie Gifford MTIA's foreign currency swaps outstanding as of December 31, 2023 settled in January 2024. The Baillie Gifford MTIA’s derivative instruments did not require collateral by either party. All of the Baillie Gifford MTIA’s derivative transactions were in the OTC market and as a result, were subject to counterparty credit risk to the extent the counterparty was unable to meet its settlement commitments. The Baillie Gifford MTIA’s sole counterparty is the Bank of New York Mellon, a related party.

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The following table presents the fair value of net assets held by the Bernstein MTIA, in which the Plan owned an undivided interest as of December 31, 2023 (amounts in thousands). The investment in the Bernstein MTIA was terminated in August 2024.

| Assets of Bernstein MTIA:                                       
 Assets:                                                         
 Investments at fair value as determined by quoted market price: |     | 2023 |     | As of December 31,    
 Master Trust Balances |        |     | Plan's Interest in Master Trust Balances |    |        |
|:----------------------------------------------------------------|