| Item 7.01 |
Regulation FD Disclosure.
|
On May 16, 2022, Occidental Petroleum Corporation (“Occidental”) issued a press release announcing that it had commenced cash tender
offers (the “Tender Offers”) to purchase its outstanding 3.200% Senior Notes due 2026 (the “3.200% Notes”), 3.400% Senior Notes due 2026 (the “3.400% Notes”), 3.500% Senior Notes due 2025 (the “3.500% 2025 Notes”), 5.50%
Senior Notes due 2025 (the “5.50% Notes”), 5.875% Senior Notes due 2025 (the “5.875% Notes”), 2.900% Senior Notes due 2024 (the “2.900% Notes”), 2.70% Senior Notes due 2023 (the “2.70% Notes”), 3.450% Senior Notes due 2024
(the “3.450% Notes”), 6.950% Senior Notes due 2024 (the “6.950% Notes”), 8.000% Senior Notes due 2025 (the “8.000% Notes” and, together with the 3.200% Notes, the 3.400% Notes, the 3.500% 2025 Notes, the 5.50% Notes, the 5.875%
Notes, the 2.900% Notes, the 2.70% Notes, the 3.450% Notes and the 6.950% Notes, the “Pool 1 Notes”), 3.000% Senior Notes due 2027 (the “3.000% Notes”), 3.500% Senior Notes due 2029 (the “3.500% 2029 Notes”), 5.550% Senior Notes
due 2026 (the “5.550% Notes”), 6.375% Senior Notes due 2028 (the “6.375% Notes”), 6.125% Senior Notes due 2031 (the “6.125% Notes”), 7.150% Debentures due 2028 (the “7.150% Notes”),
7.20% Senior Debentures due 2028 (the “7.20% Notes”), 6.625% Debentures due 2030 (the “6.625% Notes”), 7.500% Debentures due 2026 (the “7.500% Notes” and, together with the 3.000% Notes, the 3.500% 2029 Notes, the 5.550% Notes,
the 6.375% Notes, the 6.125% Notes, the 7.150% Notes, the 7.20% Notes and the 6.625% Notes, the “Pool 2 Notes”), 4.100% Senior Notes due 2047 (the “4.100% Notes”), 4.200% Senior Notes due 2048
(the “4.200% Notes”), 4.400% Senior Notes due 2049 (the “4.400% 2049 Notes”), 4.500% Senior Notes due 2044 (the “4.500% Notes”), 4.300% Senior Notes due 2039 (the “4.300% Notes”), 4.400% Senior Notes due 2046 (the “4.400%
2046 Notes”), 4.625% Senior Notes due 2045 (the “4.625% Notes”), Zero Coupon Senior Notes due 2036 (the “Zero Coupon Notes”) and 6.200% Senior Notes due 2040 (the “6.200% Notes” and, together with the 4.100% Notes, the
4.200% Notes, the 4.400% 2049 Notes, the 4.500% Notes, the 4.300% Notes, the 4.400% 2046 Notes, the 4.625% Notes and the Zero Coupon Notes, the “Pool 3 Notes”), subject to a maximum aggregate purchase price equal to (i) $700 million with
respect to the Pool 1 Notes, (ii) $650 million with respect to the Pool 2 Notes and (iii) $650 million with respect to the Pool 3 Notes.
The Tender Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated May 16, 2022 (the “Offer
to Purchase”). The Tender Offers will expire at 5:00 p.m., New York City time, on May 20, 2022, unless extended or terminated by Occidental. Occidental intends to fund the Tender Offers with cash on hand.
The Tender Offers are conditioned upon the satisfaction or waiver of conditions set forth in the Offer to Purchase. Occidental reserves the
right to amend, extend, withdraw or terminate any of the Tender Offers in its sole discretion, subject to applicable law.
A copy of the press release relating to the commencement of the Tender Offers is furnished as Exhibit 99.1 to this Current Report on Form 8-K
and incorporated herein in its entirety.