Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

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. Following her retirement, Ms. Backus has agreed to provide Occidental with transition services on a consulting basis through June 30, 2024.

In connection with her separation, Ms. Backus and the Company have entered into a Transition Services and Separation Agreement pursuant to which Ms. Backus will receive a monthly payment of $131,250 from January 1, 2023 through June 30, 2024, and, effective as of her termination of employment, accelerated vesting of outstanding time-based equity awards and continued vesting of outstanding performance-based equity awards. Ms. Backus is not expected to receive any annual bonus or equity compensation for Occidental's 2023 and 2024 fiscal years.

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