Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 9

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 9
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ested elections)►Demonstrated commitment to Board refreshment►Tenure policy that seeks to maintain an average tenureof 10 years or less for non-employee directors►Board committees composed entirely ofindependent directors►Meaningful director stock ownership guidelines (6xannual cash retainer) with holding requirement►Annual evaluations of the Board, each committee andindividual directors►One meeting dedicated to strategy discussions everyyear with an expanded management group, in additionto ongoing strategy oversight |     | RELATING TO SHAREHOLDER RIGHTS►Ability of shareholders to call a special meeting at a15% threshold►Ability of shareholders to propose an action by writtenconsent at a 15% threshold►Shareholder right to proxy access (3% for 3 years, up to20% of the Board)(1)►Confidential Voting Policy►Nominating Policy to consider properly submittedshareholder-recommended director nominees►No supermajority voting requirements►Active independent director participation in andoversight of the shareholder engagement program |

(1) For more information, see "Corporate Governance - Director Selection and Recruitment - Proxy Access for Shareholder Nominated Director Candidates" on page 24 .

| 10 |

Proxy Statement Summary

Shareholder Engagement Occidental is committed to regular and transparent communication and engagement with its shareholders and other stakeholders.

| In2024, we engaged withshareholders representing>50%of our outstanding shares**   Based on average sharesoutstanding in2024. |     | HOW WE ENGAGED WITH OURSHAREHOLDERS:►We proactively engage with our largestshareholdersthroughout the year,including broad-based engagements inthe fall/winter to discuss governance,environmental, sustainability, social andother matters, and in advance of theannual meeting to discuss agenda itemsand any other topics of interest.►We regularly conduct roadshowstargeting engagement with specificinvestors and participate in industryconferences to engage with a broadgroup of investors.►We also engage with investors throughvirtual and in-person meetings, phonecalls and emails.►We regularly report our shareholders’views to the Boardand respondto feedback.►Independent directorsparticipated inseveral of our engagement meetings.►The Board’s Sustainability andShareholder Engagement Committeeoversees our shareholder engagementprogramand provides an avenue forshareholder feedback to becommunicated directly to the Board. | TOPICS DISCUSSEDWITH OUR SHAREHOLDERS:►Cash flow and shareholder returnpriorities, including deleveraging►Capital spending and activity levels►Oil and gas inventory depth