Occidental Petroleum 2003 Annual Report Download - page 7

ITEM 4 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of Occidental's security holders during the
fourth quarter of 2003.
EXECUTIVE OFFICERS OF THE REGISTRANT
Age at
February 29,
Name 2004 Positions with Occidental and Subsidiaries and Five-Year Employment History
----------------------- ------------ ---------------------------------------------------------------------------------------
Dr. Ray R. Irani 69 Chairman of the Board of Directors and Chief Executive Officer since 1990; President
from 1984 to 1996; Chief Operating Officer from 1984-1990; Director since 1984; member
of Executive Committee.
Dr. Dale R. Laurance 58 President since 1996; Chairman and Chief Executive Officer of Occidental Oil and Gas
Corporation (OOGC) since 1999; Director since 1990; member of Executive Committee.
Stephen I. Chazen 57 Chief Financial Officer and Executive Vice President -- Corporate Development since
1999; 1994-1999, Executive Vice President -- Corporate Development.
Donald P. de Brier 63 Executive Vice President, General Counsel and Secretary since 1993.
Richard W. Hallock 59 Executive Vice President -- Human Resources since 1994.
John L. Hurst, III 64 Executive Vice President since 2003; President of Occidental Chemical Corporation (OCC)
since 2003; 2001-2003, Executive Vice President -- Chlorovinyls of OCC; 2000-2001,
Executive Vice President -- Basic Chemicals of OCC; 1999-2000, Chief Executive Officer
of OxyVinyls, LP; 1988-1999, Executive Vice President -- Manufacturing of OCC.
John W. Morgan 50 Executive Vice President since 2001; Executive Vice President -- Worldwide Production
of OOGC since 2001; 1998-2001, Executive Vice President -- Operations; 1991-1998, Vice
President -- Operations.
Samuel P. Dominick, Jr. 63 Vice President and Controller since 1991.
James R. Havert 62 Vice President and Treasurer since 1998; 1992-1998, Senior Assistant Treasurer.
The current term of employment of each executive officer will expire at the
April 30, 2004, organizational meeting of the Occidental Board of Directors or
when a successor is selected.
6
PART II
ITEM 5 MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
TRADING PRICE RANGE AND DIVIDENDS
This section incorporates by reference the quarterly financial data
appearing under the caption "Quarterly Financial Data (Unaudited)" in Item 8 and
the information appearing under the caption "Liquidity and Capital Resources" in
the MD&A section of this report. Occidental's common stock was held by
approximately 52,635 stockholders of record at December 31, 2003, with an
estimated 188,043 additional stockholders whose shares were held for them in
street name or nominee accounts. The common stock is listed and traded
principally on the New York Stock Exchange and also is listed on certain foreign
exchanges. The quarterly financial data on pages 68 and 69 of this report set
forth the range of trading prices for the common stock as reported on the
composite tape of the New York Stock Exchange and quarterly dividend
information.
In 2003, the quarterly declared dividend rate for the common stock was
$0.26 per share ($1.04 per year). On February 12, 2004, a quarterly dividend of
$0.275 per share ($1.10 per year) was declared on the common stock, payable on
April 15, 2004 to stockholders of record on March 10, 2004. The declaration of
future cash dividends is a business decision made by the Board of Directors from
time to time, and will depend on Occidental's financial condition and other
factors deemed relevant by the Board.
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
All of Occidental's equity compensation plans for its employees and
non-employee directors, pursuant to which options, rights or warrants may be
granted, have been approved by the stockholders. See Note 12 to the Consolidated
Financial Statements for further information on the material terms of these
plans.