What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to publicly disclose the full text of a speech given by Dr. Ray R. Irani at Occidental Petroleum's 2003 Annual Meeting of Stockholders, along with an addendum reconciling any non-GAAP financial measures used in that speech, in compliance with Regulation FD.

Where can I find the detailed financial and operational information discussed?

The detailed financial and operational information discussed by Dr. Irani would be found within the full text of his speech, which is attached to this 8-K as Exhibit 99.1. Investors should refer to that exhibit for the specific content.

Why is the reconciliation of non-GAAP financial measures included?

The reconciliation of non-GAAP financial measures is included to provide investors with transparency. It allows them to understand how the company's internally used financial metrics (non-GAAP) relate to the standardized financial measures under Generally Accepted Accounting Principles (GAAP), which is important for a clear understanding of the company's financial performance.

Who is the authorized signatory for this filing?

The filing is signed by S. P. Dominick, Jr., Vice President and Controller, who is identified as the Chief Accounting and Duly Authorized Officer for Occidental Petroleum Corporation.

OXY/OXY-WT 8-K SEC Disclosure

Summary

Occidental Petroleum Corporation (OXY) filed a Form 8-K on April 25, 2003, primarily to disclose the full text of a speech delivered by Dr. Ray R. Irani at the company's 2003 Annual Meeting of Stockholders. This filing also includes an addendum that reconciles any non-GAAP financial measures presented in the speech. Investors should review the attached exhibits for insights into the company's performance, strategic outlook, and financial performance as communicated by the CEO to shareholders. While the 8-K itself is brief and serves as a transmittal for the speech, the content of Dr. Irani's address is crucial. It likely provides management's perspective on the company's operations, achievements, challenges, and future plans. The inclusion of a non-GAAP reconciliation is important for investors to understand how the company presents its financial results, especially if these alternative measures differ significantly from standard GAAP reporting and are used to highlight specific operational successes or challenges.

Key Highlights

1Disclosure of a speech by Dr. Ray R. Irani at the 2003 Annual Meeting of Stockholders.
2Filing includes an addendum for reconciling non-GAAP financial measures discussed in the speech.
3The report is an 8-K filing dated April 25, 2003.
4Occidental Petroleum Corporation (OXY) is the registrant.
5The filing indicates that the speech provides management's perspective on company performance and strategy.
6The reconciliation of non-GAAP measures is a key component for financial analysis.
7The report's primary purpose is to make the speech and its financial reconciliations publicly available under Regulation FD.

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report (Apr 25, 2003)

Summary

Key Highlights

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