Occidental entered into an Underwriting Agreement on July 23, 2024 to issue and sell 5 series of senior unsecured notes with an aggregate principal amount of $5,000,000,000, and the offering closed on July 26, 2024.

1. 01

   Occidental entered into an Underwriting Agreement on July 23, 2024 to issue and sell 5 series of senior unsecured notes with an aggregate principal amount of $5,000,000,000, and the offering closed on July 26, 2024.

2. 02

   The company said it issued 5.000% Senior Notes due 2027 totaling $600,000,000, 5.200% notes due 2029 totaling $1,200,000,000, 5.375% notes due 2032 totaling $1,000,000,000, 5.550% notes due 2034 totaling $1,200,000,000, and 6.050% notes due 2054 totaling $1,000,000,000.

3. 03

   The company said it plans to use net proceeds of about $4,945 million, after deducting underwriting discounts and estimated offering expenses, to pay the cash consideration for the CrownRock Acquisition, fund the Refinancing Transactions and cover related fees and expenses.

4. 04

   The company said interest on the 2027 and 2029 notes is payable semi-annually in arrears on February 1 and August 1, beginning February 1, 2025; interest on the 2032 notes is payable on January 1 and July 1, beginning January 1, 2025; and interest on the 2034 and 2054 notes is payable on April 1 and October 1, beginning April 1, 2025.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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