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

The primary purpose of this 8-K filing is to publicly disclose the presentation given by Dr. Ray R. Irani at Occidental Petroleum's 2008 Annual Meeting of Stockholders. This ensures that information shared with stockholders during the meeting is also made available to the broader investment community.

What is included in Exhibit 99.1?

Exhibit 99.1 includes the full presentation delivered by Dr. Ray R. Irani, along with a dedicated appendix that reconciles any non-GAAP financial measures used within the presentation.

Why is the reconciliation of non-GAAP financial measures important for investors?

The reconciliation of non-GAAP financial measures is important because it shows how the company's reported results are adjusted from standard Generally Accepted Accounting Principles (GAAP). This allows investors to understand the specific adjustments management is making and their potential impact on key performance indicators, providing a clearer picture of the business's operational performance.

Where can I find more detailed financial information or strategic outlook from OXY based on this filing?

To find more detailed financial information and strategic outlook, investors should carefully review the content of the presentation attached as Exhibit 99.1. The appendix on non-GAAP reconciliations is also crucial for a complete understanding of the presented financial data.

OXY/OXY-WT 8-K: Regulation FD

Summary

Occidental Petroleum Corporation (OXY) filed an 8-K on May 2, 2008, primarily to disclose a presentation given by Dr. Ray R. Irani at the company's 2008 Annual Meeting of Stockholders. This presentation, attached as Exhibit 99.1, likely covered the company's performance, strategic initiatives, and future outlook. Investors should review this presentation for insights into management's perspective on OXY's operations and financial condition. A key aspect of the disclosure is the inclusion of an appendix that reconciles non-GAAP financial measures. This is important for investors as it provides transparency into how the company adjusts its reported financial results, allowing for a clearer understanding of the underlying business performance beyond standard accounting metrics. Examining these reconciliations can help investors assess the materiality and rationale behind any non-GAAP adjustments made by Occidental Petroleum.

Key Highlights

1Disclosure of presentation made at the 2008 Annual Meeting of Stockholders by CEO Dr. Ray R. Irani.
2Presentation took place on May 2, 2008, in Santa Monica, California.
3Exhibit 99.1 contains the full presentation materials.
4The presentation includes an appendix reconciling non-GAAP financial measures.
5Investors can gain insights into management's view on company performance and strategy.
6Transparency regarding non-GAAP financial measures is provided for investor analysis.

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report, Regulation FD Disclosure (May 2, 2008)

Summary

Key Highlights

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