Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 78

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 78
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, 2023, plus any annual bonus paid to each employee during 2023, each as reported in Occidental’s payroll systems. Total Compensation in 2024 . We calculated the median employee’s compensation for 2024 in accordance with the requirements of Item 402 of Regulation S-K, which is equal to the amount of the median employee’s compensation for 2024 that would have been reported in the Summary Compensation Table on page 55 , plus Occidental’s contributions for the median employee’s non-discriminatory health and welfare benefits. With respect to the annual total compensation of Ms. Hollub, we used the amount reported in the “Total” column of the Summary Compensation Table on page 55 , plus the contributions identified above for the median employee, to the extent applicable .

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RATIFICATION OF SELECTION OF KPMG AS OCCIDENTAL’S INDEPENDENT AUDITOR THE BOARD RECOMMENDS THAT YOU VOTE “FOR” THE RATIFICATION OF THE SELECTION OF KPMG AS OCCIDENTAL’S INDEPENDENT AUDITOR. Audit Related Matters Independence of KPMG The Audit Committee of the Board of Directors of Occidental oversees the appointment, compensation, performance and retention of the company’s independent registered public accounting firm that audits the consolidated financial statements of Occidental and its subsidiaries and internal control over financial reporting. The Audit Committee has selected KPMG LLP (KPMG) to continue to serve as Occidental’s independent registered public accounting firm for the year ending December 31, 2025 . KPMG has audited Occidental’s financial statements since 2002. A member of that firm is expected to be present at the 2025 Annual Meeting, will have an opportunity to make a statement, if so desired, and is expected to be available to respond to appropriate questions. The Audit Committee annually evaluates KPMG’s performance and independence in determining whether to retain KPMG or engage a different independent registered public accounting firm. Many factors contributed to the Audit Committee’s retention of KPMG as Occidental’s independent auditor, including: ► Execution and quality of KPMG’s historical and recent audit plans; ► Quality of KPMG’s communications with the Audit Committee and management; ► Balance of KPMG’s experience and significant institutional knowledge with refreshment in light of mandatory audit partner rotation and other changes in team leadership; ► KPMG’s strong quality control procedures; ► KPMG’s independence from Occidental and management; and ► Robust independence controls