Occidental Petroleum Corporation 2019 Proxy Statement Notice of Annual Meeting of Stockholders
Annual Meeting | Friday, May 10, 2019 Occidental Petroleum Conference Center | 5 Greenway Plaza, Houston, Texas
DEAR FELLOW STOCKHOLDERS:
On behalf of the Board of Directors, we are pleased to invite you to attend Occidental’s 2019 Annual Meeting of Stockholders. The meeting will be held at the Occidental Petroleum Conference Center, 5 Greenway Plaza, Houston, Texas 77046, on Friday, May 10, 2019, at 9:00 a.m. As in prior years, we will address the voting items in this Proxy Statement, review our financial and operational performance, and provide you with an opportunity to ask questions. Performance 2018 was a year of financial and operational success at Occidental. Executing on our strategy, we generated net income of $4.1 billion and delivered a peer-leading return on capital employed(1) of 14%. With outstanding performance across our business segments, we returned over $3.6 billion to our stockholders through our sector-leading dividend and our share repurchase program. Oversight The Board continued to provide comprehensive oversight of our long-term strategic direction. The Board discusses strategy at each regularly scheduled meeting and annually dedicates one board meeting to an in-depth strategic review. During the 2018 strategy review, directors engaged in robust discussions with senior leaders from the Oil and Gas, Midstream and Marketing, and Chemical business segments and key corporate functions, including Compliance, Community Engagement, Public Affairs and Social Responsibility. The directors also received the latest updates from the Oxy Low Carbon Ventures team, whose mission is to promote innovative low-carbon technologies that drive cost efficiencies to grow our business while reducing emissions. Engagement We value your views. If you would like to write to the Board, you may address your correspondence to the Board of Directors, in care of the Corporate Secretary, Occidental Petroleum Corporation, 5 Greenway Plaza, Suite 110, Houston, Texas 77046. A meeting agenda and details follow, as well as voting instructions. We encourage you to vote your shares promptly, and thank you for your continued support of Occidental. Sincerely,
Vicki Hollub Eugene L. Batchelder President and Chief Executive Officer Chairman of the Board
(1) Return on Capital Employed is a non-GAAP financial measure. See Appendix A for a reconciliation to GAAP.
2019 ANNUAL MEETING Notice of Annual Meeting of Stockholders
You are cordially invited to attend Occidental’s 2019 Annual Meeting of Stockholders, to be held at 9:00 a.m. on Friday, May 10, 2019, at the Occidental Petroleum Conference Center, 5 Greenway Plaza, Houston, Texas 77046.
At the meeting, stockholders will act on the following matters and consider all other matters properly brought before the meeting: