---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-035495"
form_type: "8-K"
ticker: "OXY"
cik: "0000797468"
company_name: "OCCIDENTAL PETROLEUM CORP /DE/"
filed_at: "2022-09-30T23:59:59+00:00"
generated_at: "2026-06-23T06:33:19.637251+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Occidental General Counsel Marcia Backus to retire; transition through mid-2024

## Summary
- Backus departs as SVP, GC & CCO on Dec 31, 2022; becomes Exec Adviser–Legal until Mar 1, 2023.
- Will provide consulting services from Mar 1, 2023 through June 30, 2024.
- Monthly payment of $131,250 from Jan 1, 2023 to June 30, 2024 ($23.625M total).
- Accelerated vesting of time-based equity; continued vesting of performance-based equity awards.
- No annual bonus or equity compensation for fiscal years 2023 and 2024.

## SEC filing metadata
- accession: 0001140361-22-035495
- form_type: 8-K
- ticker: OXY
- cik: 0000797468
- company_name: OCCIDENTAL PETROLEUM CORP /DE/
- filed_at: 2022-09-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797468/000114036122035495/0001140361-22-035495-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797468/000114036122035495/brhc10042514_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-035495
- JSON: https://secwatch.observer/filing/0001140361-22-035495.json
- Plain text: https://secwatch.observer/filing/0001140361-22-035495.txt

## Key facts
- Executive change
  Marcia E. Backus changed role as Executive Adviser – Legal at OCCIDENTAL PETROLEUM CORP /DE/.
  - Action: stepped down as Senior Vice President, General Counsel and Chief Compliance Officer and will serve as Executive Adviser – Legal
  - Role: Executive Adviser – Legal
  source text: On September 29, 2022, Marcia E. Backus announced that she will step down from her role as Senior Vice President, General Counsel and Chief Compliance Officer of Occidental Petroleum Corporation (“Occidental” or the “Company”) effective as of December 31, 2022. Thereafter, Ms. Backus will continue to serve as Occidental’s Executive Adviser – Legal and will retire from employment with the Company effective as of March 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000114036122035495/0001140361-22-035495-index.htm
- Executive change
  Marcia E. Backus departed as Executive Adviser – Legal at OCCIDENTAL PETROLEUM CORP /DE/.
  - Action: will retire from employment
  - Role: Executive Adviser – Legal
  source text: Thereafter, Ms. Backus will continue to serve as Occidental’s Executive Adviser – Legal and will retire from employment with the Company effective as of March 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000114036122035495/0001140361-22-035495-index.htm

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