8-KRegulation FD

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report, Regulation FD Disclosure (May 4, 2007)

Filed May 4, 2007For Securities:OXYOXY-WT

Summary

Occidental Petroleum Corporation filed an 8-K on May 4, 2007, primarily to disclose the full text of a speech delivered by Dr. Ray R. Irani at the company's 2007 Annual Meeting of Stockholders. This filing is important for investors as it provides direct insight into management's perspective on the company's performance, strategy, and outlook as communicated at a key shareholder event. Investors should review the attached speech (Exhibit 99.1) for details on the company's operations, financial results, and future plans.

Key Highlights

  • 1The 8-K filing discloses the full text of Dr. Ray R. Irani's speech from the 2007 Annual Meeting of Stockholders.
  • 2Exhibit 99.1 contains the complete speech content, offering direct communication from the CEO to shareholders.
  • 3The filing includes an appendix that reconciles non-GAAP financial measures presented in the speech.
  • 4This report serves as a vehicle to ensure Regulation FD compliance by publicly disseminating information presented at the annual meeting.
  • 5Investors can gain insights into Occidental Petroleum's operational performance, strategic initiatives, and financial commentary from the period.
  • 6The speech likely addresses key business segments and performance drivers relevant to Occidental Petroleum's operations.

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 2007 Annual Meeting of Stockholders, in compliance with Regulation FD.

The full text of the speech and an appendix reconciling non-GAAP financial measures are attached to this 8-K filing as Exhibit 99.1.

The speech is expected to contain management's commentary on Occidental Petroleum's performance, strategic direction, operational updates, and financial results as of May 4, 2007. It may also discuss the company's outlook and key business drivers.

The reconciliation of non-GAAP financial measures is important for investors as it shows how the company adjusts its reported GAAP (Generally Accepted Accounting Principles) figures to present alternative performance metrics. This allows investors to understand the basis of these non-GAAP figures and compare them more effectively.