---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-24-000113"
form_type: "8-K"
ticker: "OXY"
cik: "0000797468"
company_name: "OCCIDENTAL PETROLEUM CORP /DE/"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:32:25.692412+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Occidental extends $4B revolving credit facility maturity to 2028, adds sustainability-linked pricing

## Summary
- Amended and restated $4B revolving credit facility; maturity extended from June 2025 to June 2028.
- Interest rate margins: 100-190 bps (SOFR) and 0-90 bps (Alternate Base Rate); sustainability adjustments apply.
- Facility fee ranges from 12.5 to 35 bps per annum based on credit ratings and sustainability performance.
- Covenants include maximum total debt to total capitalization ratio of 0.65:1 and standard negative pledge.

## SEC filing metadata
- accession: 0000950157-24-000113
- form_type: 8-K
- ticker: OXY
- cik: 0000797468
- company_name: OCCIDENTAL PETROLEUM CORP /DE/
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797468/000095015724000113/0000950157-24-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797468/000095015724000113/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-24-000113
- JSON: https://secwatch.observer/filing/0000950157-24-000113.json
- Plain text: https://secwatch.observer/filing/0000950157-24-000113.txt

## Key facts
- Material Agreements
  OCCIDENTAL PETROLEUM CORP /DE/ entered into Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at Revolving Credit Facility, senior unsecured, aggregate commitments, interest rate margins of 100.0-1 (effective 2024-02-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Value: Revolving Credit Facility, senior unsecured, aggregate commitments, interest rate margins of 100.0-1
  - Effective: 2024-02-02
  source text: On February 2, 2024, Occidental Petroleum Corporation (“ Occidental ”) entered into a Third Amended and Restated Credit Agreement (the “ Revolving Credit Agreement ” and the facility thereunder, the “ Revolving Credit Facility ”) among Occidental, the banks party thereto, as lenders, and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000095015724000113/0000950157-24-000113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.