OCCIDENTAL PETROLEUM CORP DE
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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Dec 31, 2023 · Filed Mar 21, 2024
Contents
Compensation Program Emphasizes Performance
A substantial majority of NEO compensation is dependent on performance.
90% of Ms. Hollub’s (and an average of 85% of the other NEOs’)2023 target direct compensation opportunity is variable, or at risk. The
ultimate value of at-risk compensation is dependent on company performance outcomes, the NEO’s continued employment and
Occidental’s stock price performance.
CEO TARGET DIRECT COMPENSATION MIX(1) - 90% VARIABLE/AT RISK
(1)Target direct compensation is composed of base salary, target ACI award opportunity, and the target value of LTI awards.
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