---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-24-001005"
form_type: "8-K"
ticker: "OXY"
cik: "0000797468"
company_name: "OCCIDENTAL PETROLEUM CORP /DE/"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:24:21.653179+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Occidental launches exchange offer for up to $376M of CrownRock 5% notes due 2029

## Summary
- Occidental commenced private exchange offer for any and all outstanding $376M CrownRock 5% Senior Notes due 2029; offers new Occidental notes and cash.
- Concurrent consent solicitation to amend CrownRock indenture, removing restrictive covenants and events of default; requires majority consent.
- Holders tendering by Aug 1, 2024 (Early Participation Date) receive $1,000 principal of Occidental notes plus $2.50 cash per $1,000; those after receive $970 principal.
- Exchange offer and consent solicitation conditioned on closing of CrownRock acquisition, expected in August 2024.
- New Occidental notes will have same interest rate (5%), maturity (2029), and redemption terms as CrownRock notes; interest payments preserved.

## SEC filing metadata
- accession: 0000950157-24-001005
- form_type: 8-K
- ticker: OXY
- cik: 0000797468
- company_name: OCCIDENTAL PETROLEUM CORP /DE/
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797468/000095015724001005/0000950157-24-001005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797468/000095015724001005/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-24-001005
- JSON: https://secwatch.observer/filing/0000950157-24-001005.json
- Plain text: https://secwatch.observer/filing/0000950157-24-001005.txt

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