OXYOccidental Petroleum
Deals with insiders in the proxy filed 2026-03-19
Deals between OXY and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-20.
Related Party Transactions“Pursuant to the policy, the Governance Committee approved and/or ratified transactions that qualified as related party transactions, including the following. Occidental entered into a purchase and sale agreement with Berkshire Hathaway Inc. (Berkshire), a greater than 5% beneficial owner of Occidental’s common stock, pursuant to which Berkshire agreed to acquire all of the issued and outstanding equity interests in OxyChem in an all‑cash transaction valued at approximately $9.7 billion, subject to customary purchase price adjustments. The transaction closed on January 2, 2026. Additionally, Corey N. Hardegree, the son-in-law of Jeff F.”
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No longer reported 3 paragraphs of the proxy filed 2025-03-20 with nothing like them this year
Related Party Transactions“A summary of the Conflict of Interest Policy is included in Occidental’s Code of Business Conduct which can be found at www.oxy.com/ investors/governance.”
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Related Party Transactions“Pursuant to the policy, the Governance Committee approved and/or ratified two transactions that qualified as related party transactions.”
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Related Party Transactions“Simmons did not participate in the hiring of his son-in-law and does not participate in the performance evaluations or compensation decisions regarding his son-in-law.”
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The whole section
5 paragraphs quoted as filed
Related Party Transactions“Pursuant to Occidental’s Conflict of Interest Policy and Code of Business Conduct, each director and executive officer has an obligation to avoid any activity, agreement, business investment or interest, or other situation that could be construed either as divergent from or in competition with Occidental’s interest or as an interference with such person’s primary duty to serve Occidental, unless prior written approval has been granted by the Audit Committee. All potential conflicts of interest must be reported to a designated compliance officer. A summary of the Conflict of Interest Policy is included in Occidental’s Code of Business Conduct which can be found at www.oxy.com/investors/governance.”
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Related Party Transactions“Pursuant to Occidental’s written policy on related party transactions, the Governance Committee reviews relationships and transactions in which Occidental and its directors, executive officers or their immediate family members participate if the amount involved exceeds $120,000. To help identify related party transactions, each director and executive officer completes an annual questionnaire that requires disclosure of any transaction between Occidental and the director or executive officer or any of his or her affiliates or immediate family members. Additionally, the accounting department reviews Occidental’s financial records for payments made to, or received from, related parties and the entities with which the related parties are affiliated, and reports any identified transactions to the legal department.”
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Related Party Transactions“The Governance Committee reviews and approves, ratifies or rejects identified related party transactions. In approving, ratifying or rejecting a related party transaction, the Governance Committee considers, among other factors it deems appropriate, whether the transaction is on terms no less favorable than terms generally available to an unaffiliated third-party under the same or similar circumstances and the extent of the related party’s interest in the transaction.”
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Related Party Transactions“Pursuant to the policy, the Governance Committee approved and/or ratified transactions that qualified as related party transactions, including the following. Occidental entered into a purchase and sale agreement with Berkshire Hathaway Inc. (Berkshire), a greater than 5% beneficial owner of Occidental’s common stock, pursuant to which Berkshire agreed to acquire all of the issued and outstanding equity interests in OxyChem in an all‑cash transaction valued at approximately $9.7 billion, subject to customary purchase price adjustments. The transaction closed on January 2, 2026. Additionally, Corey N. Hardegree, the son-in-law of Jeff F.”
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Related Party Transactions“Simmons, Senior Vice President and Chief Petrotechnical Officer, is employed by Occidental as a lead production optimization engineer for the company’s domestic oil and gas business. His total compensation for 2025 (consisting of his annual base salary, annual bonus and stock-based compensation) was less than $375,000. He also participated in the general welfare and benefit plans of Occidental. Mr. Simmons did not participate in the hiring of his son-in-law and does not participate in the performance evaluations or compensation decisions regarding his son-in-law.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗