Executive Stock Ownership Guidelines


Effective December 12, 2014, the officers of Occidental Petroleum Corporation listed below are expected to comply with the following stock ownership guidelines by five years from the latter of the effective date of the guidelines or the date the individual is first selected to be an executive officer.

Participation

  • Chief Executive Officer

  • Executive Vice Presidents and Chief Financial Officer

  • Senior Vice Presidents

  • Other Vice Presidents

Target Stock Holdings

Position

Multiple of Base Salary

Chief Executive Officer

6

Executive Vice Presidents and Chief Financial Officer

4

Senior Vice Presidents

3

Other Vice Presidents

2

Forms of Stock Ownership That Will Meet The Guidelines

  • Direct stock holdings*

  • Shares held in the Occidental Petroleum Corporation Savings Plan (401K)

  • Long-term stock awards, including, without limitation, restricted stock awards, restricted stock units, vested performance stock awards and vested performance stock units (unvested performance stock awards and units will not count towards target holdings)

  • Deferred stock units

* For purposes of these guidelines, shares held in a living trust or by a family partnership or corporation controlled by the officer will be deemed to be directly held unless the officer expressly disclaims beneficial ownership of such shares.

Investor Relations Contacts
Corporate Headquarters
Occidental Petroleum Corporation
5 Greenway Plaza, Suite 110
Houston, Texas 77046-0506
Investor Relations      
1230 Avenue of the Americas
New York, New York 10020
(212) 603-8111
Richard A. Jackson
Vice President Investor Relations
Email