M&A - OCCIDENTAL PETROLEUM CORP /DE/

Form Type: DEF 14A

Filing Date: 2025-03-20

Corporate Action: Acquisition

Type: New

Accession Number: 000079746825000054

Filing Summary: Occidental Petroleum Corporation's 2025 proxy statement outlines various items of business for the upcoming Annual Meeting of Shareholders on May 2, 2025, including the election of directors, advisory votes on executive compensation, ratification of the independent auditor KPMG, and approval of an Amended and Restated Long-Term Incentive Plan. The Board discusses the significant achievements in 2024, such as the closing of the CrownRock acquisition, which enhances Occidental's Permian portfolio and operational efficiency, leading to strong financial performance. The company generated $11.7 billion in operating cash flow, repaid debt ahead of schedule, and increased dividends. Shareholder engagement continues to be a focus for the Board, with proactive discussions to gather feedback on their governance and performance. The proxy also emphasizes sustainability initiatives, particularly advancements in direct air capture technology and emissions reduction practices, supporting Occidental’s long-term commitment to sustainable growth and shareholder value.

Document Link: View Document