Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 139

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1A
Chunk 139
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 proprietary information;

■Ransom;

■Extortion;

■Threats to the security of Occidental’s facilities and infrastructure; and

■Cyber terrorism.

In addition, Occidental has exposure to cybersecurity risks where its data and proprietary information are collected, hosted, and/or processed by third-party cloud and service providers. Occidental’s risks may be exacerbated by a delay or failure to detect a cybersecurity incident or understand the full extent of such incident notwithstanding its risk management processes and controls. Occidental faces risks associated with new and ever-increasing phishing technologies and hidden malware as well as risks associated with electronic data proliferation and technology digitization. Occidental also faces increased risk with the growing sophistication of generative artificial intelligence capabilities, which may improve or expand the existing capabilities of cybercriminals described above in a manner Occidental cannot predict at this time.

Information and industrial control technology system failures, network disruptions and breaches of data security could disrupt Occidental’s operations by causing delays, impeding processing of transactions and reporting financial results, or leading to the unintentional disclosure of Company, partner, customer or employee information that could damage its reputation. A cyber attack on Occidental’s information or industrial control systems and related infrastructure, or those of its business associates, suppliers, contractors, joint venture partners or third-party service providers, could negatively impact Occidental’s operations in a variety of ways, including, but not limited to:

■Adversely impacting Occidental’s ability to compete for oil and natural gas resources;

■Resulting in delays and failure to reach the intended target or cause a drilling incident;

■Resulting in a loss of production or accidental discharge;

■Resulting in a disruption of the manufacturing and marketing of its products or a potential HSE hazard;

■Resulting in supply chain disruptions, which could delay or halt Occidental’s construction and development projects;

■Delaying or preventing Occidental from producing, transporting, processing and marketing its production;

■Slowing or halting commodities trading, thus preventing Occidental from marketing its production or engaging in hedging activities;

■Adversely impacting the natural gas market;

■Causing operational disruption;

■Resulting in events of non-compliance which could then lead to regulatory fines or other penalties and legal liability; and

■Damaging Occidental’s reputation, subjecting it to potential financial or legal liability, regulatory fines and penalties and requiring it to incur significant costs, including compliance costs and costs to repair or restore its systems and data or to take other remedial steps.

While Occidental has experienced