Occidental Petroleum Corporation · NYSE:OXY
Occidental Petroleum — Merger or Acquisition (October 2025)
7 slides from Occidental Petroleum's merger presentation, Oct 2, 2025
Slide 1: OxyChem Business Divestment Update
Strategic transaction expected to catalyze returns from significant oil and gas resource opportunity OxyChem Business Divestment Update OCTOBER 2, 2025
Slide 2: Cautionary statements
Cautionary statements Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about Occidental Petroleum Corporation’s (“Oc
Slide 3: Strategic move to accelerate opportunities in core business and integrated technologies
3 Strategic move to accelerate opportunities in core business and integrated technologies Immediate debt repayment of ~$6.5 B, with remaining ~$1.5 B after tax proceeds to go to balance sheet Expect to realize >$350 MM of annual interest expense savings Improves credit metrics and enhances financial
Slide 4: More focus on the business allows us to accelerate development and unlock our vast resource position
More focus on the oil and gas business allows us to accelerate development and unlock our vast resource position 4 We expect to accelerate FCF growth through continued efficiency and performance gains across the organization WE PLAN TO DO THIS BY: Targeted acquisitions with strategic acreage and low
Slide 5: Unique opportunities to unlock resources across our portfolio
Unique opportunities to unlock resources across our portfolio 5 Developing secondary recovery opportunities with exploration upside Advancing Gulf of America water flood projects Opportunistic explorationof Gulf of America and international areas of operation Expanding conventional and unconventiona
Slide 6: Transaction advances return of capital program
Transaction advances return of capital program 6 Sustainable and growing dividend Immediate debt repayment of ~$6.5 B Achieves post-CrownRock debt target of <$15 B Opportunistic multi-year share repurchase program Preferred equity redemption expected to commence in August 2029 Likely preceded by cas
Slide 7: CEO quote on strengthened financial position and resource opportunity
“This transaction strengthens our financial position and catalyzes a significant resource opportunity we’ve been building in our oil and gas business for the last decade. I’m incredibly proud of the impressive work the team has done to create this strategic opportunity that will unlock 20+ years of
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