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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
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(4)
Occidental
Total
Shareholder
Return(5)
Peer Group
Total
Shareholder
Return(6)
Net
Income(7)
(millions)
CROCE(8)
(non-GAAP)
2024
$18,535,061
$4,093,431
$5,818,111
$1,447,839
$138
$159
$3,078
21%
2023
$17,735,019
$15,008,117
$5,744,126
$5,182,784
$164
$160
$4,696
23%
2022
$14,969,510
$59,216,041
$5,953,206
$15,766,136
$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
$7,954,624
$4,697,945
$1,443,651
$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 2024, Mr. Mathew, Mr. Dillon, Mr. Jackson and Mr. Peterson; (ii) for 2023, Mr. Mathew, Mr. Dillon, Mr. Jackson, Mr. Peterson and Mr. Simmons; (iii) for 2022,
Mr. Peterson, Peter J. Bennett, Mr. Dillon, Mr. Jackson and Marcia E. Backus; (iv) for 2021, Mr. Peterson, Ms. Backus, Mr. Dillon and Mr. Jackson; and (v) 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 41 exclusive of the S&P 500 Index.
       
PEO Total Compensation Amount $ 18,535,061 $ 17,735,019 $ 14,969,510 $ 11,068,539 $ 14,165,451
PEO Actually Paid Compensation Amount $ 4,093,431 15,008,117 59,216,041 25,210,335 7,954,624
Adjustment To PEO Compensation, Footnote The dollar amounts reported represent the amount of CAP to the CEO, 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 during the applicable year. Certain of the CAP amounts previously disclosed in our 2023 and 2024
proxy statements inadvertently omitted dividends accrued and paid on our NEOs’ performance-based awards. We have adjusted the CAP amounts for the 2020 and
2023 compensation years in this column to reflect CAP inclusive of those dividends. In accordance with SEC rules, the following adjustments were made to total
compensation to determine the CEO’s compensation actually paid in 2024, 2023 and 2020:
Year
Reported Summary
Compensation Table Total
Reported Value of
Equity Awards(a)
Equity Award
Adjustments(b)
CAP
2024
$18,535,061
$12,640,152
$(1,801,478)
$4,093,431
2023
$17,735,019
$12,028,476
$9,301,574
$15,008,117
2020
$14,165,451
$12,275,071
$6,064,244
$7,954,624
(a)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary
Compensation Table for the applicable year.
(b)The equity award adjustments for the applicable year 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
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
Fair Value at the
End of Prior Year
of Equity Awards
that Failed to
Meet Vesting
Conditions
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
2024
$8,535,373
$(9,433,051)
$(1,303,113)
$
$399,313
$(1,801,478)
2023
$13,233,653
$(837,535)
$(3,429,996)
$
$335,452
$9,301,574
2020
$6,596,252
$(1,315,766)
$787,250
$(515,538)
$512,046
$6,064,244
       
Non-PEO NEO Average Total Compensation Amount $ 5,818,111 5,744,126 5,953,206 4,898,834 4,697,945
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,447,839 5,182,784 15,766,136 7,786,898 1,443,651
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts reported represent the average amount of CAP to the other NEOs, computed in accordance with SEC rules, for each year. The dollar amounts
do not reflect the actual average amount of compensation earned by or paid to such NEOs during the applicable year. Certain of the average CAP amounts
previously disclosed in our 2023 and 2024 proxy statements inadvertently omitted dividends accrued and paid on our NEOs’ performance-based awards. We have
adjusted the average CAP amounts for the 2020, 2022 and 2023 compensation years in this column to reflect average CAP inclusive of those dividends. In
accordance with SEC rules, the following adjustments were made to the average total compensation, as applicable, to determine the compensation actually paid in
2024, 2023, 2022 and 2020:
Year
Average Reported Summary
Compensation Table Total
Average Reported Value
of Equity Awards(a)
Average Equity Award
Adjustments(b)
Average Reported
Change in Pension(c)
Average CAP
2024
$5,818,111
$3,642,188
$(728,084)
$
$1,447,839
2023
$5,744,126
$3,541,848
$2,980,506
$
$5,182,784
2022
$5,953,206
$3,703,935
$13,516,865
$
$15,766,136
2020
$4,697,945
$3,469,797
$225,712
$(10,209)
$1,443,651
(a)The grant date fair value of equity awards represents the average of the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in
the Summary Compensation Table for the applicable year.
(b)The equity award adjustments for the applicable year 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
Average Year
End Fair Value of
Equity Awards
Granted During
the Year
Average Year
over Year
Change in Fair
Value of
Outstanding and
Unvested Equity
Awards Granted
in Prior Years
Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in
the Year
Average Change
in Fair Value
From Prior Year
End to Vesting
Date of Equity
Awards Granted
in Prior Years
 that Vested
in the Year
Average Fair
Value at the
End of Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in
the Year
Average Value
of Dividends
or Other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
Total Average
Equity Award
Adjustments
2024
$2,459,416
$(2,973,764)
$
$(352,595)
$
$138,859
$(728,084)
2023
$3,623,795
$(148,345)
$
$(570,608)
$
$75,664
$2,980,506
2022
$5,892,074
$5,260,035
$
$2,157,005
$
$207,751
$13,516,865
2020
$802,458
$(762,128)
$193,764
$(69,720)
$(111,552)
$172,890
$225,712
(c)The average aggregate change in actuarial present value of all defined benefit pension plans reported in Summary Compensation Table total was deducted
($16,391) and the average amount attributable to the service cost for the NEO for the year was added ($6,183).
       
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
83
       
Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid and CROCE
122
       
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 $ 138 164 171 78 46
Peer Group Total Shareholder Return Amount 159 160 160 100 68
Net Income (Loss) $ 3,078,000,000 $ 4,696,000,000 $ 13,304,000,000 $ 2,322,000,000 $ (14,831,000,000)
Company Selected Measure Amount 0.21 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-, 4- and 5-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.
       
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 | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (12,640,152) $ (12,028,476)     $ (12,275,071)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,801,478) 9,301,574     6,064,244
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,535,373 13,233,653     6,596,252
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (9,433,051) (837,535)     (1,315,766)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,303,113) (3,429,996)     787,250
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0     (515,538)
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 399,313 335,452     512,046
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 $ 0   (10,209)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,642,188) (3,541,848) (3,703,935)   (3,469,797)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (728,084) 2,980,506 13,516,865   225,712
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,459,416 3,623,795 5,892,074   802,458
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,973,764) (148,345) 5,260,035   (762,128)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0   193,764
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (352,595) (570,608) 2,157,005   (69,720)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0   (111,552)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 138,859 $ 75,664 $ 207,751   $ 172,890