8-KRegulation FD

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report, Regulation FD Disclosure (May 6, 2005)

Filed May 6, 2005For Securities:OXYOXY-WT

Summary

Occidental Petroleum Corporation (OXY) filed a Form 8-K on May 6, 2005, to disclose the full text of a speech delivered by Dr. Ray R. Irani at the company's 2005 Annual Meeting of Stockholders. This filing primarily serves to make the speech and its accompanying appendix, which reconciles non-GAAP financial measures, publicly available under Regulation FD. Investors should review the attached Exhibit 99.1 for insights into the company's performance, strategy, and financial outlook as presented by the Chairman, President, and CEO. The inclusion of non-GAAP financial measure reconciliations suggests the speech likely discussed financial metrics beyond those reported under Generally Accepted Accounting Principles, which is common for management presentations on operational performance and future targets.

Key Highlights

  • 1OXY filed a Form 8-K on May 6, 2005, reporting under Regulation FD.
  • 2The filing includes the full text of a speech by Dr. Ray R. Irani, Chairman, President, and CEO, delivered at the 2005 Annual Meeting of Stockholders.
  • 3The speech took place in Santa Monica, California.
  • 4An appendix reconciling non-GAAP financial measures used in the speech is also attached as Exhibit 99.1.
  • 5This filing ensures public dissemination of information previously shared with stockholders during the annual meeting.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose the full text of a speech given by Occidental Petroleum's CEO, Dr. Ray R. Irani, at the company's 2005 Annual Meeting of Stockholders, along with an appendix that reconciles non-GAAP financial measures, in compliance with Regulation FD.

The complete speech and the appendix reconciling non-GAAP financial measures are provided as Exhibit 99.1, which is attached to this 8-K filing. Investors should review this exhibit for detailed information.

Non-GAAP financial measures are financial metrics that are not calculated in accordance with Generally Accepted Accounting Principles (GAAP). Companies often use them to provide a clearer view of their operational performance or trends that may not be immediately apparent from GAAP measures. The inclusion of a reconciliation indicates that the speech likely used these measures to discuss financial results and outlook, and the company is providing the bridge to GAAP figures.