Occidental Petroleum Provides Updated Pro Forma Financial Statements Post-Acquisition

Details

The unaudited pro forma financial statements, filed as Exhibit 99.1, include the pro forma statements of operations and related notes. These statements give effect to the acquisition as if it had been completed on January 1, 2024, and exclude amounts related to discontinued operations. The pro forma financial statements are intended to illustrate the combined financial position and results of operations of Occidental and CrownRock had the acquisition occurred on the specified date.

Items reported

Exhibits (1)

About Occidental Petroleum Corporation

Occidental Petroleum Corporation is a global energy producer, primarily focused on the exploration and production of oil and natural gas. Its operations span key regions such as the United States, the Middle East, and Latin America, contributing significantly to the energy supply chain. Aside from its core oil and gas activities, Occidental is actively engaged in chemical production through its subsidiary Occidental Chemical Corporation, which provides essential building blocks for a variety of industries, including agriculture, water treatment, and plastics. As a leader in its field, Occidental is committed to advancing sustainable and low-carbon energy solutions, notably through carbon capture and enhanced oil recovery techniques. The company plays a vital role in meeting global energy demands while striving to reduce environmental impact, thus positioning itself as a key player in the evolving energy landscape.