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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100
Investment Based On:
Year
Summary
Compensation
Table Total for
CEO(1)
Compensation
Actually Paid
to CEO(2)
Average
Summary
Compensation
Table Total for
Other NEOs(3)
Average
Compensation
Actually
Paid to Other
NEOs(2)
Occidental
Total
Shareholder
Return(4)
Peer Group
Total
Shareholder
Return(5)
Net
Income(6)
(millions)
CROCE(7)
(non-GAAP)
2023
$17,735,019
$14,733,197
$5,744,126
$5,140,082
$164
$160
$4,696
23%
2022
$14,969,510
$59,216,041
$5,953,206
$15,703,810
$171
$160
$13,304
36%
2021
$11,068,539
$25,210,335
$4,898,834
$7,786,898
$78
$100
$2,322
22%
2020
$14,165,451
$7,782,684
$4,697,945
$1,381,898
$46
$68
$(14,831)
9%
     
Company Selected Measure Name CROCE      
Named Executive Officers, Footnote The dollar amounts reported are the amounts of “Total” compensation reported in our Summary Compensation Table for our CEO, Vicki Hollub, during each year.The dollar amounts reported represent the average of the amounts reported for Occidental’s NEOs as a group (excluding our CEO) in the “Total” column of the
Summary Compensation Table in each applicable year. The NEOs included for purposes of calculating the average amounts in each applicable year are as follows:
(i) for 2023, Mr. Mathew, Mr. Dillon, Mr. Jackson, Mr. Peterson and Mr. Simmons; (ii) for 2022, Mr. Peterson, Mr. Bennett, Mr. Dillon, Mr. Jackson and Marcia E.
Backus; (iii) for 2021, Mr. Peterson, Ms. Backus, Mr. Dillon and Mr. Jackson; and (iv) for 2020, Mr. Peterson, Ms. Backus, Mr. Dillon, Christopher O. Champion,
Edward A. Lowe, Cedric W. Burgher and Oscar Brown.
     
Peer Group Issuers, Footnote Amounts reported in this column assume that dividends were reinvested on the day of issuance. The peer group used for this purpose is the performance peer
group as described in “Compensation Discussion and Analysis–Participants in the Executive Compensation Decision-Making Process–Role of Peer Company
Information” on page 42 exclusive of the S&P 500 Index. The peer group TSR for 2022 and 2021 in the pay versus performance disclosure in our 2023 proxy
statement inadvertently included Occidental and applied a different methodology for calculating the return of a peer that previously reported under two share
classes. We have adjusted the amounts in this column to reflect the recalculated peer group TSR for such years.
     
PEO Total Compensation Amount $ 17,735,019 $ 14,969,510 $ 11,068,539 $ 14,165,451
PEO Actually Paid Compensation Amount $ 14,733,197 59,216,041 25,210,335 7,782,684
Adjustment To PEO Compensation, Footnote The dollar amounts reported represent the amount of CAP to the CEO and the average amount of CAP to the applicable NEOs, computed in accordance with SEC
rules, for each year. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the CEO or the actual average amount of
compensation earned by or paid to such NEOs during the applicable year. In accordance with SEC rules, the following adjustments were made to total
compensation or average total compensation, as applicable, to determine the compensation actually paid in 2023:
Reported Summary
Compensation
Table Total
Reported Value of
Equity Awards(a)
Equity Award
Adjustments(b)
CAP
CEO
$17,735,019
$12,028,476
$9,026,654
$14,733,197
Other NEOs
$5,744,126
$3,541,848
$2,937,804
$5,140,082
(a)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for
the CEO and the average thereof for the other NEOs.
(b)The equity award adjustments for the CEO and the average thereof for the other NEOs were calculated consistent with U.S. generally accepted accounting
principles, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. These adjustments
include the addition (or subtraction, as applicable) of the following:
Year End Fair
Value of Equity
Awards Granted
During the Year
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards Granted
in Prior Years
Change in Fair Value
From Prior Year End to
Vesting Date of
Equity Awards
Granted in
Prior Years that
Vested in the Year
Value of Dividends or
Other Earnings Paid
on Stock or Option
Awards not Otherwise
Reflected in Fair Value
Total Equity
Award
Adjustments
CEO
$13,233,653
$(837,535)
$(3,429,996)
$60,532
$9,026,654
Other NEOs
$3,623,795
$(148,345)
$(570,608)
$32,962
$2,937,804
     
Non-PEO NEO Average Total Compensation Amount $ 5,744,126 5,953,206 4,898,834 4,697,945
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,140,082 15,703,810 7,786,898 1,381,898
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts reported represent the amount of CAP to the CEO and the average amount of CAP to the applicable NEOs, computed in accordance with SEC
rules, for each year. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the CEO or the actual average amount of
compensation earned by or paid to such NEOs during the applicable year. In accordance with SEC rules, the following adjustments were made to total
compensation or average total compensation, as applicable, to determine the compensation actually paid in 2023:
Reported Summary
Compensation
Table Total
Reported Value of
Equity Awards(a)
Equity Award
Adjustments(b)
CAP
CEO
$17,735,019
$12,028,476
$9,026,654
$14,733,197
Other NEOs
$5,744,126
$3,541,848
$2,937,804
$5,140,082
(a)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for
the CEO and the average thereof for the other NEOs.
(b)The equity award adjustments for the CEO and the average thereof for the other NEOs were calculated consistent with U.S. generally accepted accounting
principles, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. These adjustments
include the addition (or subtraction, as applicable) of the following:
Year End Fair
Value of Equity
Awards Granted
During the Year
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards Granted
in Prior Years
Change in Fair Value
From Prior Year End to
Vesting Date of
Equity Awards
Granted in
Prior Years that
Vested in the Year
Value of Dividends or
Other Earnings Paid
on Stock or Option
Awards not Otherwise
Reflected in Fair Value
Total Equity
Award
Adjustments
CEO
$13,233,653
$(837,535)
$(3,429,996)
$60,532
$9,026,654
Other NEOs
$3,623,795
$(148,345)
$(570,608)
$32,962
$2,937,804
     
Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid and TSR
39
     
Compensation Actually Paid vs. Net Income Compensation Actually Paid and Net Income
150
     
Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid and CROCE
192
     
Total Shareholder Return Vs Peer Group Compensation Actually Paid and TSR
39
     
Tabular List, Table Cash Return on Capital Employed (CROCE) (Company-Selected Measure)
Relative Total Shareholder Return (TSR)
Total Spend per Barrel
     
Total Shareholder Return Amount $ 164 171 78 46
Peer Group Total Shareholder Return Amount 160 160 100 68
Net Income (Loss) $ 4,696,000,000 $ 13,304,000,000 $ 2,322,000,000 $ (14,831,000,000)
Company Selected Measure Amount 0.23 0.36 0.22 0.09
PEO Name Vicki Hollub      
Additional 402(v) Disclosure Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the 1-, 2-, 3- and 4-year periods beginning December 31, 2019 and
running through each fiscal year end, assuming dividend reinvestment, and the difference between Occidental’s share price at the end and the beginning of the
applicable measurement period by Occidental’s share price on December 31, 2019.
The dollar amounts reported represent the amount of net income reflected in Occidental’s audited financial statements for the applicable year. The pay versus
performance disclosure in our 2023 proxy statement inadvertently reported our income from continuing operations instead of net income for 2021 and 2020. We
have adjusted the amounts in this column to reflect our net income for such years.
     
Measure:: 1        
Pay vs Performance Disclosure        
Name ►Cash Return on Capital Employed (CROCE)      
Non-GAAP Measure Description CROCE is defined by Occidental as cash flows from operating activities before changes in working capital plus any distributions from Western Midstream Partners,
LP which are included in cash flows from investing activities divided by average total debt plus stockholders’ equity (average of the beginning and ending totals for
the applicable period). Management believes that CROCE is useful to investors when comparing our profitability and the efficiency with which management has
employed capital over time relative to other companies. CROCE is not considered to be an alternative to net income reported in accordance with GAAP.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name ►Relative Total Shareholder Return (TSR)      
Measure:: 3        
Pay vs Performance Disclosure        
Name ►Total Spend per Barrel      
PEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 12,028,476      
PEO | Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,026,654      
PEO | Equity Awards Granted During The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 13,233,653      
PEO | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (837,535)      
PEO | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (3,429,996)      
PEO | Equity Awards, Value Of Dividends And Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 60,532      
Non-PEO NEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,541,848      
Non-PEO NEO | Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,937,804      
Non-PEO NEO | Equity Awards Granted During The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 3,623,795      
Non-PEO NEO | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (148,345)      
Non-PEO NEO | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (570,608)      
Non-PEO NEO | Equity Awards, Value Of Dividends And Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards $ 32,962