Form 4: Occidental Petroleum Director Bob Shearer Acquires Shares

Director Bob Shearer acquired 5,798 shares of Occidental Petroleum common stock on May 5, 2025, under the company's long-term incentive plan.

Summary

• On May 5, 2025, Bob Shearer, a director of Occidental Petroleum Corporation, acquired 5,798 shares of common stock.
• The acquisition was made under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan.
• The price per share was $0.
• Following the transaction, Shearer directly owns 62,729 shares of Occidental Petroleum common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.

Industry Context

Insider transactions are closely watched as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects the standard practice of awarding stock-based compensation to directors as part of long-term incentive plans.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's investment in the company.

Key Dates

Keywords

Occidental Petroleum, Director, Share Acquisition, Bob Shearer, Incentive Plan, OXY, Common Stock, Beneficial Ownership