Item 1A. Risk Factors

There have been no material changes from the risk factors included under Part I, Item 1A of Occidental’s Annual Report on Form 10-K for the year ended December 31, 2021.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Occidental’s share repurchase activities for the six months ended June 30, 2022 were as follows:


Period	Total Number of Shares Purchased	(a)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Value of Shares that May Yet Be Purchased Under the Plans or Programs (millions)		(b)
First Quarter 2022	730,746		$	50.05	—	$	3,000
April 1 - 30, 2022	170,765		$	57.68	—
May 1 - 31, 2022	177,284		$	67.72	—
June 1 - 30, 2022	11,331,683		$	58.24	11,190,640
Second Quarter 2022	11,679,732		$	58.38	11,190,640
Total 2022 (c)	12,410,478		$	57.89	11,190,640	$	2,350

(a) Includes purchases from the trustee of Occidental's defined contribution savings plan that are not part of publicly announced plans or programs.

(b) Represents the value of shares remaining in Occidental's share repurchase plan. In February 2022, Occidental announced an authorization to repurchase up to $3.0 billion of Occidental's shares of common stock. The plan does not obligate Occidental to acquire any specific number of shares and may be discontinued at any time.

(c) In addition to the 11.2 million shares that Occidental repurchased under its share repurchase plan during the six months ended June 30, 2022, Occidental subsequently repurchased an additional 6.8 million shares in the period from July 1, 2022, through August 1, 2022. As of August 1, 2022, the maximum value of shares that may yet be purchased under the plan is approximately $1,930 million.

Previous: Item 4. Controls and Procedures · Next: Item 6. Exhibits