Occidental amends bylaws to align with Delaware law, update stockholder nomination and indemnification rules

OCCIDENTAL PETROLEUM CORP /DE/

Removed provision that Board's determination on stockholder special meeting requests was 'conclusive and binding'.
Updated disclosure requirements for stockholder nominations, including nominee questionnaire and universal proxy card compliance.
Removed requirement that incumbent director resign after failing to receive majority support in uncontested election (moved to governance policies).
Amended indemnification provisions to require advancement of expenses and allow indemnified persons to sue for unpaid amounts.

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