Source-grounded facts extracted from OCCIDENTAL PETROLEUM CORP /DE/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
OCCIDENTAL PETROLEUM CORP /DE/ reported first quarter of 2026 results: net income $3.2 billion, EPS $3.13.
“Occidental (NYSE: OXY) today announced results for the first quarter of 2026, including net income attributable to common stockholders of $3.2 billion, or earnings per diluted share (EPS) of $3.13, and adjusted income from continuing operations attributable to common stockholders of $1.1 billion, or adjusted EPS from continuing operations of $1.06.”
Shareholder Votes
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Ratification of selection of KPMG as independent auditor at the 2026-05-01 meeting.
“3. The ratification of the selection of KPMG as Occidental’s independent auditor for the year ending December 31, 2026 was approved by Occidental’s shareholders by the following vote: For 817,350,114 97.70% Against 17,887,435 2.14% Abstain 1,360,067 0.16%”
Shareholder Votes
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Advisory vote to approve named executive officer compensation at the 2026-05-01 meeting.
“2. The advisory vote to approve named executive officer compensation was approved by Occidental’s shareholders by the following vote: For 679,690,815 94.34% Against 38,852,814 5.40% Abstain 1,906,970 0.26% Broker Non-Votes 116,147,017”
Shareholder Votes
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Election of Directors at the 2026-05-01 meeting.
“1. The ten nominees proposed by the Board were elected by Occidental’s shareholders by the following votes: Nominee For % For Against Abstain Broker Non-Votes Vicky A. Bailey 701,817,615 97.52% 17,880,864 752,120 116,147,017 Andrew Gould 708,849,734 98.49% 10,856,879 743,986 116,147,017 Carlos M. Gutierrez 699,127,005 97.14% 20,574,299 749,295 116,147,017 Vicki Hollub 709,192,695 98.53% 10,579,265 678,639 116,147,017 William R. Klesse 703,585,193 97.76% 16,098,131 767,275 116,147,017 Jack B. Moore 707,868,416 98.36% 11,801,864 780,319 116,147,017 Claire O’Neill 711,252,493 98.83% 8,442,677 755,429 116,147,017 Avedick B. Poladian 695,640,197 96.66% 24,009,671 800,731 116,147,017 Kenneth B. Robinson 709,794,523 98.62% 9,903,206 752,870 116,147,017 Robert M. Shearer 713,765,531 99.18% 5,922,115 762,953 116,147,017”
Richard A. Jackson was appointed as President and Chief Executive Officer at OCCIDENTAL PETROLEUM CORP /DE/.
“On April 30, 2026, as part of its management succession planning, the Board unanimously approved the appointment of Richard A. Jackson, 50, as Occidental’s President and CEO and as a member of the Board, in each case effective as of the Transition Date.”
Vicki Hollub retired as President and Chief Executive Officer at OCCIDENTAL PETROLEUM CORP /DE/.
“On April 30, 2026, Vicki Hollub, President and Chief Executive Officer (“CEO”) of Occidental Petroleum Corporation (“Occidental”), informed the Board of Directors of Occidental (the “Board”) of her decision to retire, effective as of June 1, 2026 (the “Transition Date”).”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported preliminary financial results for first quarter of 2026.
“Occidental Petroleum Corporation ("Occidental") is providing the following summary of earnings considerations that management believes will impact results for the first quarter of 2026.”
M&A Transactions
OCCIDENTAL PETROLEUM CORP /DE/ completed a disposition involving Berkshire Hathaway Inc. for $9.7 billion in cash (closed 2026-01-02).
“On January 2, 2026, and pursuant to the Purchase Agreement, Occidental completed the Divestiture for $9.7 billion in cash, subject to customary purchase price adjustments as set forth in the Purchase Agreement.”
Governance Changes
OCCIDENTAL PETROLEUM CORP /DE/: Amended indemnification provisions to require advancement of expenses for indemnified persons, restrict indemnification for director/officer-initiated actions unless authorized, allow indemnified persons to sue for unpaid amounts, and make indemnification for employees/agents permissive rather than (effective 2024-11-06).
“Amend certain portions of the indemnification provisions to provide that the Company shall advance the payment of expenses to any person entitled to indemnification under the By-laws, provide that the Company shall only indemnify a director or officer for actions initiated by such director or officer if the Board authorizes or ratifies such proceeding, acknowledge that if a claim under the indemnification and expense advancement provisions of the By-laws is not paid in full by the Company after a certain time period, the indemnified person may bring suit against the Company to recover the unpaid amount, and provide that the Company may, but is no longer required to, grant rights to indemnification and advancement of expenses to any employee or agent of the Company to the same extent that such rights are granted to directors and officers of the Company.”
Governance Changes
OCCIDENTAL PETROLEUM CORP /DE/: Updated procedural and disclosure requirements for stockholder-submitted nominations and other business proposals, including additional informational requirements, timing for additional nominations, and representation on proxy solicitation (effective 2024-11-06).
“Update procedural and disclosure requirements for stockholder-submitted nominations and/or other business proposals, including, among other things, to: o require that a stockholder’s notice include additional informational requirements, including information from individuals who control stockholders that are entities and, in the case of a nomination, a completed and signed nominee questionnaire, and that certain information be updated as of the meeting’s record date, o provide the timing to submit additional nominations if the number of directors to be elected at an annual meeting is increased after the original nomination window closes and the Company does not publicly announce the nominees for the additional directorships at least 100 days prior to the first anniversary of the preceding year’s annual meeting, and o require any stockholder submitting a nomination notice to make a representation as to whether such stockholder will solicit proxies (i) in support of its director nominees”
Governance Changes
OCCIDENTAL PETROLEUM CORP /DE/: Removed provision that Board's determination on stockholder special meeting request compliance was conclusive and binding (effective 2024-11-06).
“Remove a provision related to stockholder special meeting requests to no longer provide that the Board's determination as to whether a stockholder satisfied the requirements for calling a special meeting is “conclusive and binding””
Governance Changes
OCCIDENTAL PETROLEUM CORP /DE/: Modified bylaws to align with recent amendments to Delaware General Corporation Law, including provisions on remote communications, meeting adjournments, stockholder list access, notice requirements, board action by consent, and stock certificate authorizations (effective 2024-11-06).
“Modify the By-laws to align with the Delaware General Corporation Law as a result of recent amendments, including provisions related to meetings held by remote communications, stockholder meeting adjournments, accessing the Company’s stockholder list, various procedural mechanics regarding Board and stockholder notice requirements, Board action by consent, and authorizations to sign stock certificates”
M&A Transactions
OCCIDENTAL PETROLEUM CORP /DE/ completed an acquisition involving CrownRock Holdings, L.P., CrownRock GP, LLC for approximately $12.4 billion (closed 2024-08-01).
“all of the issued and outstanding partner interests of CrownRock. Pursuant to the Purchase Agreement, the aggregate consideration for the Transactions was approximately $12.4 billion, consisting of approximately $9.4 billion in cash (inclusive of certain working capital and other customary purchase price adjustments), 29,560,619 shares of Common Stock (the”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported the first quarter of 2024 results: net income $718 million, EPS $0.75 per diluted share.
“Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the first quarter of 2024 of $718 million, or $0.75 per diluted share”
Shareholder Votes
OCCIDENTAL PETROLEUM CORP /DE/ shareholders rejected Proposal submitted by John Chevedden requesting an annual report on lobbying at the 2024-05-02 meeting.
“The proposal submitted by John Chevedden requesting an annual report on lobbying was not approved by the Company’s shareholders. The proposal received the following vote: For 91,991,735 14.47 % Against 540,898,366 85.07 % Abstain 2,912,575 0.46 % Broker Non-Votes 111,846,138”
Shareholder Votes
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Ratification of the selection of KPMG as the Company’s independent auditor for the year ending December 31, 2024 at the 2024-05-02 meeting.
“The ratification of the selection of KPMG as the Company’s independent auditor for the year ending December 31, 2024 was approved by the Company’s shareholders by the following vote: For 731,125,884 97.79 % Against 15,619,153 2.09 % Abstain 903,777 0.12 %”
Shareholder Votes
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Advisory vote to approve named executive officer compensation at the 2024-05-02 meeting.
“The advisory vote to approve named executive officer compensation was approved by the Company’s shareholders by the following vote: For 614,952,130 96.72 % Against 19,446,038 3.06 % Abstain 1,404,508 0.22 % Broker Non-Votes 111,846,138”
Shareholder Votes
OCCIDENTAL PETROLEUM CORP /DE/ shareholders approved Election of ten nominees proposed by the Board of Directors at the 2024-05-02 meeting.
“The ten nominees proposed by the Board of Directors were elected by the Company’s shareholders by the following votes: Nominee For % For Against % Against Abstain Broker Non-Votes Vicky A. Bailey 629,131,086 99.06 % 5,986,116 0.94 % 685,474 111,846,138 Andrew Gould 618,200,699 97.33 % 16,927,864 2.67 % 674,113 111,846,138 Carlos M. Gutierrez 623,526,805 98.17 % 11,598,214 1.83 % 677,657 111,846,138 Vicki Hollub 629,336,055 99.08 % 5,838,954 0.92 % 627,667 111,846,138 William R. Klesse 627,670,398 98.83 % 7,445,350 1.17 % 686,928 111,846,138 Jack B. Moore 621,558,358 97.86 % 13,562,922 2.14 % 681,396 111,846,138 Claire O'Neill 631,249,421 99.39 % 3,847,148 0.61 % 706,107 111,846,138 Avedick B. Poladian 617,399,899 97.28 % 17,256,253 2.72 % 1,146,524 111,846,138 Kenneth B. Robinson 633,032,067 99.68 % 2,049,871 0.32 % 720,738 111,846,138 Robert M. Shearer 631,075,009 99.37 % 4,024,967 0.63 % 702,700 111,846,138”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported preliminary financial results for the first quarter of 2024.
“On April 10, 2024, Occidental Petroleum Corporation (the “Company”) provided a summary of factors management believes will impact the first quarter of 2024 results (the “Earnings Considerations”).”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported financial results for the quarter ended December 31, 2023.
“On February 14, 2024 , Occidental Petroleum Corporation (the “Company”) issued a press release announcing the Company’s financial condition and results of operations for the quarter ended December 31, 2023.”
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).
“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.”
Material Agreements
OCCIDENTAL PETROLEUM CORP /DE/ entered into Term Loan Agreement with Bank of America, N.A., as administrative agent, and certain financial institutions, as lenders valued at $4.7 billion (effective 2023-12-28).
“On December 28, 2023, Occidental Petroleum Corporation (“Occidental”) entered into a $4.7 billion Term Loan Agreement (the “Term Loan Agreement”) with Bank of America, N.A., as administrative agent, and certain financial institutions, as lenders”
Material Agreements
OCCIDENTAL PETROLEUM CORP /DE/ entered into Purchase Agreement with CrownRock Holdings, L.P. and CrownRock GP, LLC valued at approximately $12.0 billion (effective 2023-12-10).
“Purchase Agreement On December 10, 2023, Occidental Petroleum Corporation, a Delaware corporation (“Occidental”), CrownRock Holdings, L.P., a Delaware limited partnership (“Limited Partner”), CrownRock GP, LLC, a Delaware limited”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported third quarter of 2023 results: net income $1.2 billion, EPS $1.20 per diluted share. Guidance raised.
“Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2 billion, or $1.20 per diluted share, and adjusted income attributable to common stockholders of $1.1 billion, or $1.18 per diluted share.”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported preliminary financial results for the third quarter of 2023.
“Occidental Petroleum Corporation (the "Company") provided a summary of factors management believes will impact the third quarter of 2023 results (the "Earnings Considerations").”
Sunil Mathew was appointed as Senior Vice President and Chief Financial Officer at OCCIDENTAL PETROLEUM CORP /DE/.
“Sunil Mathew, 53, was appointed Senior Vice President and Chief Financial Officer of the Company effective as of August 9, 2023.”
Robert Peterson was appointed as Executive Vice President, Essential Chemistry at OCCIDENTAL PETROLEUM CORP /DE/.
“On August 9, 2023, Robert Peterson, 52, was appointed Executive Vice President, Essential Chemistry, of Occidental Chemical Corporation (“OxyChem”).”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported the quarter ended June 30, 2023 results: net income $605 million, EPS $0.63 per diluted share.
“Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the second quarter of 2023 of $605 million, or $0.63 per diluted share, and adjusted income attributable to common stockholders of $661 million, or $0.68 per diluted share.”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported financial results for the full-year ended December 31, 2022.
“On February 27, 2023, Occidental Petroleum Corporation (the “Company”) issued a press release announcing the Company’s financial condition and results of operations for the quarter and full-year ended December 31, 2022.”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported financial results for the quarter ended December 31, 2022.
“On February 27, 2023, Occidental Petroleum Corporation (the “Company”) issued a press release announcing the Company’s financial condition and results of operations for the quarter and full-year ended December 31, 2022.”
Ken Robinson was elected as Director at OCCIDENTAL PETROLEUM CORP /DE/.
“On February 16, 2023, the Board of Directors (the “Board”) of Occidental Petroleum Corporation (“Occidental”) increased the size of the Board from nine to ten directors in order to elect Ken Robinson to the Board, effective immediately.”
Claire O'Neill was elected as Director at OCCIDENTAL PETROLEUM CORP /DE/.
“On January 17, 2023, the Board of Directors (the “Board”) of Occidental Petroleum Corporation (“Occidental”) increased the size of the Board from eight to nine directors in order to elect Claire O’Neill, the former Managing Director for Climate and Energy of the World Business Council for Sustainable Development (WBCSD) and a former member of UK Parliament, to the Board effective as of January 17, 2023.”
Earnings Releases
OCCIDENTAL PETROLEUM CORP /DE/ reported the quarter ended September 30, 2022 results: EPS $2.52 per diluted share. Guidance raised.
“Net income attributable to common stockholders for the third quarter of 2022 of $2.5 billion, or $2.52 per diluted share”
Marcia E. Backus departed as Executive Adviser – Legal at OCCIDENTAL PETROLEUM CORP /DE/.
“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.”
Marcia E. Backus changed role as Executive Adviser – Legal at OCCIDENTAL PETROLEUM CORP /DE/.
“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.”
Vicky A. Bailey was elected as Director at OCCIDENTAL PETROLEUM CORP /DE/.
“On March 17, 2022, the Board of Directors (the “Board”) of Occidental Petroleum Corporation (“Occidental”) increased the size of the Board from nine to ten directors in order to elect Vicky A. Bailey, the President of Anderson Stratton International, LLC (“ASI”) and a former equity partner of BHMM Energy Services, LLC, to the Board effective as of March 22, 2022.”
Gary Hu resigned as Director at OCCIDENTAL PETROLEUM CORP /DE/.
“On March 4, 2022, Andrew Langham and Gary Hu each notified Occidental Petroleum Corporation (the “ Company ”) that he was resigning from the Board of Directors of the Company (the “ Board ”) and all committees of the Board on which he sits, effective immediately.”
Andrew Langham resigned as Director at OCCIDENTAL PETROLEUM CORP /DE/.
“On March 4, 2022, Andrew Langham and Gary Hu each notified Occidental Petroleum Corporation (the “ Company ”) that he was resigning from the Board of Directors of the Company (the “ Board ”) and all committees of the Board on which he sits, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.