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: Strategic transaction expected to catalyze returns from significant oil and gas resource opportunity
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
Strategic move to accelerate opportunities in core business and integrated technologies Selling Occidental Chemical Corp. to Unlocks resource potential and business value Berkshire Hathaway for Reallocate capital to high-return oil and gas projects cash consideration of $9.7 B → Enables acceleration
Slide 4: We created a differentiated low-cost resource opportunity
We created a differentiated More focus on the oil and gas business low-cost resource opportunity allows us to accelerate development through: and unlock our vast resource position → Targeted acquisitions with strategic acreage and low-cost resource potential WE PLAN TO DO THIS BY: 01 → Subsurface ch
Slide 5: Unique opportunities to unlock resources across our portfolio
Unique opportunities to unlock resources across our portfolio ACCELERATE U.S. ONSHORE PROGRESS ADVANCED STRENGTHEN GLOBAL UNCONVENTIONAL VALUE RECOVERY TECHNOLOGIES CONVENTIONAL PORTFOLIO Expanding and adding Expanding conventional Developing secondary low-cost resources and unconventional EOR recov
Slide 6: Transaction advances return of capital program
Transaction advances 01 Sustainable and growing dividend return of capital program 02 Immediate debt repayment of ~$6.5 B ENABLING → Achieves post-CrownRock debt target of <$15 B → Enhanced shareholder returns 03 Opportunistic multi-year share repurchase program → Enterprise value rebalancing 04 Pre
Slide 7: CEO quote on the transaction
“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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