SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LAURANCE DALE R

(Last)

(First)

(Middle)

OCCIDENTAL PETROLEUM CORPORATION

10889 WILSHIRE BOULEVARD

(Street)

LOS ANGELES

90024

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
OCCIDENTAL PETROLEUM CORP /DE/ [ OXY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/31/2003		M		4,323	A	$23.125	140,007	D
Common Stock	07/31/2003		M		4,102	A	$24.375	144,109	D
Common Stock	07/31/2003		M		3,940	A	$25.375	148,049	D
Common Stock	07/31/2003		M		3,849	A	$26	151,898	D
Common Stock	07/31/2003		M		1,230	A	$14.875	153,128	D
Common Stock	07/31/2003		M		3,873	A	$20.0625	157,001	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee stock option (right to buy)	$23.125	07/31/2003		M			4,323	⁽¹⁾	04/27/2005	Common Stock	4,323	$0	0	D
Employee stock option (right to buy)	$24.375	07/31/2003		M			4,102	⁽²⁾	07/10/2006	Common Stock	4,102	$0	80,898	D
Employee stock option (right to buy)	$25.375	07/31/2003		M			3,940	⁽³⁾	07/02/2007	Common Stock	3,940	$0	96,060	D
Employee stock option (right to buy)	$26	07/31/2003		M			3,849	⁽⁴⁾	07/08/2008	Common Stock	3,849	$0	146,151	D
Employee stock option (right to buy)	$14.875	07/31/2003		M			1,230	⁽⁵⁾	02/17/2009	Common Stock	1,230	$0	0	D
Employee stock option (right to buy)	$20.0625	07/31/2003		M			3,873	⁽⁶⁾	07/19/2010	Common Stock	3,873	$0	0	D

Explanation of Responses:

1. The option vested in three equal annual installments beginning on April 27, 1996.

2. The option vested in three equal annual installments beginning on July 10, 1997.

3. The option vested in three equal annual installments beginning on July 2, 1998.

4. The option vested in three equal annual installments beginning on July 8, 1999.

5. The option vested in three equal annual installments beginning on February 17, 2000.

6. The option vested in three equal annual installments beginning on July 19, 2001.

	/s/ LINDA S. PETERSON, Attorney-in-Fact for Dale R. Laurance	08/01/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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