Finance and Risk Management Committee

Primary Duties

• Recommends to the Board the annual capital plan, and any changes thereto, and significant joint ventures, long-term financial commitments and acquisitions

• Approves policies for authorization of expenditures, cash management and investment and for hedging of commodities and interest rates

• Reviews Occidental’s financial strategies, risk management policies (including insurance coverage levels) and financial plans (including planned issuances of debt and equity)

(See Finance and Risk Management Committee Charter for a complete description.)