Company: OXY-WT
Filing Date: 2025-04-01
Form Type: SC TO-I/A
Source: 0001140361-25-011503
Chunk: 1

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-04-01
Form: SC TO-I/A
Chunk 1
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 an offer by the Company to the holders of the Warrants to exercise such Warrants at a temporarily reduced exercise price of $21.30 per Warrant, upon the terms and subject to the conditions set forth in the Offer to Exercise Warrants to Purchase Common Stock of Occidental Petroleum Corporation dated March 3, 2025 (the “Offer to Exercise”) filed as Exhibit (a)(1)(B) to the Original Schedule TO. This Amendment No. 1 should be read together with the Original Schedule TO and its exhibits. This Amendment No. 1 is made to amend and supplement certain items of the Original Schedule TO. Only those items being amended are reported in this Amendment No. 1. Except as specifically set forth herein, this Amendment No. 1 does not modify any of the information previously reported on the Original Schedule TO. Capitalized terms used but not defined herein have the meanings ascribed to them in the Original Schedule TO. Amendments to the Schedule TO ITEM 4 ( Terms of the Transaction) is hereby amended and supplemented to include the following: (a)—(b) The Offer to Exercise expired at 5:00 p.m. (Eastern Time) on March 31, 2025. 41,941,075 Warrants to purchase an aggregate of 41,941,075 shares of Common Stock were tendered and not validly withdrawn (including 69,166 Warrants tendered pursuant to the guaranteed delivery procedures available pursuant to the Offer). The Company will issue 41,871,909 shares of Common Stock and receive $891.9 million of aggregate proceeds in respect of the Warrants exercised, excluding the Warrants tendered pursuant to the guaranteed delivery procedures. If all of the guaranteed deliveries are consummated in accordance with the terms of the Offer to Exercise, the Company will issue an additional 69,166 shares of Common Stock and receive an additional $1.5 million of aggregate proceeds in respect of the Warrants tendered pursuant to guaranteed delivery. The Warrants that were not tendered and exercised in connection with the Offer to Exercise remain in effect at an exercise price of $22.00 per Warrant. A copy of the press release is filed as Exhibit (a)(5)(C) to this Amendment No. 1and is incorporated by reference herein. ITEM 12 ( Exhibits) is hereby amended and supplemented to include the following:

| (a) | (5)(C) Press release, dated April 1, 2025. |

SIGNATURE